Results bad...whole tone and temper very different to a year ago, rearmed and rearming with the old Prussian spirit very much in evidence. Russia is … - Anthony Eden

The essential at the present time is that we should pursue a straight and steady course in support of the League of Nations and of the collective peace system. It may be that we can do, and should do, something more to strengthen peace, but this is not so important as that we should make clear to any potential breaker of the peace that he can count on our active opposition.

There was only one sanction that could be immediately effective, and that sanction was to deny to Italy the use of the Suez Canal. That sanction must inevitably have entailed military action; there is no doubt of it. That military action must, in my judgment, inevitably have led to war... The only additional sanction that could have been immediately effective would have been the closing of the Canal... There was, in fact, no immediately effective sanction that could have been taken but that. If the hon. Gentleman answers "Yes, he would have closed the Canal," how utterly illogical is the position of hon. Gentlemen opposite when they vote against all Estimates for the provision of armaments—[Interruption]—and when they denounce the Budget of my right hon. Friend as a war Budget. The truth is that while hon. Gentlemen opposite profess to support the League with horse, foot, and artillery, they really only mean to support it with threats, insults and perorations.

We cannot agree that an act of plunder which threatens the livelihood of many nations should be allowed to succeed. And we must make sure that the life of the great trading nations of the world cannot in the future be strangled at any moment by some interruption to the free passage of the Canal.