"Our armaments, vast as they are, are armaments of defence alone (cheers) and if it be true that others have no more intention of aggression than we have, then the conclusion we must come to is that we are all piling up these ruinous armaments under misunderstanding, "I am very much inclined to believe that there is a great deal of truth in that statement.
"So," said Mr. Chamberlain in conclusion, "while I cannot consent that we should relax our armaments to any degree until we can do so by general agreement with others, who Will do the same, I do say that T fee! it our duty to watch every opportunity that may come to try to persuade other governments to follow the course we are all pursuing and to end the situation which, if it' continues, must bring ' bankruptey to every country in Europe." (Cheers.
Text read from the printed page and cleaned; old type leaves the occasional error.