I see that Mr. Lloyd George last night confessed that he read the betting news in the papers. (Laughter.) Ah! I shake my head at the Rake's Progress.… - Ramsay MacDonald

My first grave doubts as to German diplomacy arose when Germany left the League of Nations for reasons which I have never been able to appreciate, except upon assumptions which meant that the German Government was indifferent to the pacification of Europe.

The policy of Great Britain is not the policy of alliances with any certain set of nations. It is a policy of friendship with those nations that believe in democratic forms of government and democratic development. The policy of Great Britain now is, and must be, and will be, that all nations in good will, in singleness, and in disinterestedness of heart will meet together, consider the great problems of Europe and the problems of the whole world, and agree, as the result of cooperation, discussion, and joint exchange of opinion, on a common policy which will make alliances absolutely a thing of the past.

The day is coming when we may have to give up orthodox free trade as we inherited it from our fathers.