While our investments abroad may provide a sufficient return to the capitalists...they tend directly to a transfer of employment from this country to… - Joseph Chamberlain

Is the Unionist party, the Conservative party, to be without a definite policy of social reform? It is to our party that they owe the whole of that body of legislation connected with the Factory Acts, free education, the distribution of lands in the shape of allotments and small holdings, the compensation for accidents to workmen in the course of their employment... The policy of resistance, of negation, is no sufficient answer to that Socialist opinion which is growing up amongst us—the Socialist opinion the objects of which are, after all, worthy of earnest and even favourable consideration...that policy, by whomsoever propounded, is a policy which means money, which means expenditure, it is closely connected with the third object of our party officially declared—that fiscal reform is the first constructive policy of the Unionist party. (Cheers.)

Greenock was one of the great centres of the sugar trade... Then came foreign competition, aided by bounties; and your trade declines so seriously that only the very best, the very richest, the most enterprising, the most inventive can possibly retain their hold upon it. If there had been no bounties and no unfair competition of this kind what would have happened? In the last 20 or 30 years the consumption of sugar throughout the world has increased enormously. The consumption in this country has increased enormously; and you would have had your share...if normal conditions and equal fairness had prevailed; and at this moment in Greenock, quite independently of the other industries you may have found to occupy you, there would have been in sugar alone ten times as many men employed as there were in the most palmy days of the trade. But normal conditions have not obtained. You have been the sufferers; and, as I have said, a great number of your refineries have been closed, have disappeared altogether. The capital invested in them has been lost, and the workmen who work in them—what has become of them?

I have no sympathy at all with the new Radicalism of which Sir William Harcourt is now a conspicuous supporter, although a recent convert. I have no sympathy with the policy of men whose representatives abet and aid the projects of the enemies of this country (hear, hear)—the men who whine over the fate of Lobengula, but denounce as murderers the British officers and the brave Englishmen, who, at the risk of their lives and fortunes in all parts of the world, are doing their part to maintain the great Empire of the Queen. (Cheers.) I have no sympathy with men who apparently approve of French aggression, and who at the same time deprecate any increase of the British Navy; or with those who preach consistently in all parts of the world, in Africa, in Asia, and in Ireland their favourite doctrine of "Scuttle."