"I look back with pride to the great measures of social reform—Unemployment Insurance, Labour Exchanges, Safety in the Coalmines, bringing Old Age Pensions down from seventy to sixty-five years of age, the Widows' and Orphans' Pensions—for which I have been responsible both as a Liberal and a Conservative Minister. I find comfort in the broad harmony of thought which prevails between the modern Tory democracy and the doctrines of the famous Liberal leaders of the past. I am sure that in accord with their speeches and writings, men like Asquith, Morley and Grey, whom I knew so well in my youth, would have regarded the establishment of a Socialist State and the enforcement of the collectivist theory as one of the worst evils that could befall Britain and her slowly-evolved, long-cherished way of life."
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