[A]nd to this the German Minister of Finance adds that the heavy burden of thousands of millions must be borne through decades, not by Germany, but b… - Edward Grey, 1st Viscount Grey of Fallodon

The French fleet is now in the Mediterranean, and the northern and western coasts of France are absolutely undefended. The French fleet is being concentrated in the Mediterranean, the situation is very different from what it used to be, because the friendship which has grown up between the two countries has given them a sense of security that there was nothing to be feared from us. My own feeling is that if a foreign fleet, engaged in a war which France had not sought, and in which she had not been the aggressor, came down the English Channel and bombarded and battered the undefended coasts of France, we could not stand aside and see this going on practically within sight of our eyes, with our arms folded, looking on dispassionately, doing nothing. I believe that would be the feeling of this country.

Mr. Lloyd George is a colleague with whom I have always been on the best of terms personally, and the Budget raises the money required in a way which presses much less, I believe, upon the poorer classes than any alternative that could be devised.

This coal strike is the beginning of a revolution. We shall, I suppose, make it an orderly and gradual revolution, but labour intends to have a larger share and has laid hold of power. Power has passed from the King to the nobles, from the nobles to the middle classes and through them to the House of Commons, and now it is passing from the House of Commons to the Trades Unions. It will have to be recognised that the millions of men employed in great industries have a stake in those industries and must share in the control of them. The days when the owners said "this industry is mine; I alone must control it and be master in my own house" are passing away... I do think the good temper and spirit of compromise that is inherent in English character will save us from catastrophe.