As I look ahead, I am filled with foreboding. Like the Roman, I seem to see "the River Tiber foaming with much blood." - Enoch Powell

Oh, sweet it is, where grass is deep
And swifts are overhead,
To lie and watch the clouds, and weep
For friends already dead.

I do not believe that the loyalty of those many who over those 270 years, and particularly in this century, worked together and died together as part of the union under the Crown, was to the Crown quite simply, even though they wore the Crown on their uniforms and many of them wore it on their hearts. They were not the mercenaries of a Habsburg empire bound together by personal union and dynastic marriages; they were not the servants of a Hohenzollern empire imposed by military force. It was the Crown of the United Kingdom in parliament which was the centre of loyalty, as it is the essential unifying element of this realm, in the name of which and under the inspiration of which men and women these 270 years have worked and lived and died together.

We are a capitalist party. We believe in capitalism. When we look at the astonishing material achievements of the West, at our own high and rising physical standard of living, we see these things as the result, not of compulsion or government action or the superior wisdom of a few, but of that system of competition and free enterprise, rewarding success and penalising failure, which enables every individual to participate by his private decisions in shaping the future of his society. Because we believe this, we honour profit competitively earned; we respect the ownership of property, great or small; we accept the differences of wealth and income without which competition and free enterprise are impossible. If there is one single explanation of the contrast which exists today between the countries we call "underdeveloped" and the advanced societies of the West, that explanation is that these societies have enjoyed for generations the benefits of capitalist free enterprise, whereas the "underdeveloped" countries have not.