The relationship of the two problems is rather the reverse. To a great extent disarmament is dependent on guarantees of peace. Security comes first and disarmament second.

Thus, if armaments were curtailed without a secure peace and all countries disarmed proportionately, military security would have been in no way affected.

Limitation of armaments in itself is economically and financially important quite apart from security.

The relationship of the two problems is rather the reverse. To a great extent disarmament is dependent on guarantees of peace. Security comes first and disarmament second.

Every success in limiting armaments is a sign that the will to achieve mutual understanding exists, and every such success thus supports the fight for international law and order.

Disarmament or limitation of armaments, which depends on the progress made on security, also contributes to the maintenance of peace.

The security of which we speak is to be attained by the development of international law through an international organization based on the principles of law and justice.