Though I never shout at Labour Members or insult them, I can never understand the psychology of some of our men who endeavoured to reason with them.

Ever since I assumed my present office my main purpose has been to work for the pacification of Europe, for the removal of those suspicions and those animosities which have so long poisoned the air. The path which leads to appeasement is long and bristles with obstacles. The question of Czechoslovakia is the latest and perhaps the most dangerous. Now that we have got past it, I feel that it may be possible to make further progress along the road to sanity.

In war, whichever side may call itself the victor, there are no winners, but all are losers.

My good friends, for the second time in our history, a British Prime Minister has returned from Germany bringing peace with honor. I believe it is peace for our time... Go home and get a nice quiet sleep.

However much we may sympathize with a small nation confronted by a big and powerful neighbor, we cannot in all circumstances undertake to involve the whole British Empire in a war simply on her account. If we have to fight it must be on larger issues than that.

Whatever may be the reason, whether it was that Hitler thought he might get away with what he had got without fighting for it, orwhether it was that after all the preparations were not sufficiently complete--however, one thing is certain: he missed the bus.

Taxation is not a method by which the community corporately provides itself with essential services, but a fund to be divided between different interests with political claims upon the state.