"I dread the day when the means of threatening the heart of the British Empire should pass into the hands of the present rulers of Germany. I think we should be in a position which would be odious to every man who values freedom of action and independence, and also in a position of the utmost peril for our crowded, peaceful population, engaged in their daily toil. I dread that day, but it is not, perhaps, far distant. It is, perhaps, only a year, or perhaps 18 months, distant...There is still time for us to take the necessary measures, but what we want are the measures. We do not want this paragraph in this White Paper, we want the measures. It is no good writing that first paragraph and then producing £130,000. We want the measures to achieve parity."
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