"We offer friendship to all, but on equal terms, for it is not by seeking to buy temporary goodwill that peace is made, but on a basis of frank reciprocity with mutual respect.
"Great importance attaches to the attitude of those who have grown up in these troubled times, when the world is beset with so many anxieties, "Let me draw a parallel and note the contrast between my own experience and yours.
"The years before 1914 were period of great anxiety and uncertainty in international affairs. That is the parallel, The contrast is thet your generation to-day is far more conscious of what is happening in the world than we were at that time.
I devoutly hope that the contrast is to prove even greater, and that you are not going to be called upon to shoulder the same responsibilities as we were.
"But that, of course, does not mean that the strength of the nation has been sapped or its stamina weakened. For in a changing world there is one thing which does not change. the qualities which have created foi the British nation the position it holds in the world to-day.
Text read from the printed page and cleaned; old type leaves the occasional error.