Adequate defense has been the catchword of every militarist for centuries.

I do not hesitate to say that the limitation on naval craft between the great naval powers was too high.

There is no short and easy road, no magic cure for those ills which have afflicted mankind from the dawn of history.

It is idle to say that nations can struggle to outdo each other in building armaments and never use them. History demonstrates the contrary, and we have but to go back to the last war to see the appalling effect of nations competing in great armaments.

I know of no greater work for humanity than in the cause of peace, which can only be achieved by the earnest efforts of nations and peoples.

Adequate defense has been the catchword of every militarist for centuries.

I further value this gift as it gave me an opportunity to accept this distinguished honor in a country so devoted to this cause and whose history marks a wonderful chapter in world development.