We should show ourselves firm in defence of collective peace. If we refuse to be scared or weakened by Germany's growing demands, if we resist the temptation to accept everything Germany asks for as a basis for discussion between us, if for a moment we can cease to be an honest broker and become the honest facer of truths, then I am confident that there is no call to view the future with alarm. If, on the other hand, we appear to the outside world to be weak and vacillating, if we allow The Times to continue to preach defeatism and to continue to be regarded as the organ of His Majesty's Government, then we shall encourage Germany's demands, and, no less serious, encourage the weaker powers to take refuge with her in the belief that the collective peace system can never be effective because England will never play her part in its support.