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

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

The following year, after I had prepared my draft, the Conference of the Interparliamentary Union at The Hague decided to set up a special commission to study the problem seriously.

We pacifists have not ceased to point to the grave danger of armaments and to insist on their curtailment.

Great progress was made when arbitration treaties were concluded in which the contracting powers pledge in advance to submit all conflicts to an arbitration court, treaties which not only specify the composition of the court, but also its procedure.

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

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.