SECURITY AND OTHER POLITICAL FACTORS.
 
     The principal war aim of the Allies is to
 
achieve security for themselves, for other nations in
 
Europe, and in fact, for the world. It is equally
 
essential that the peace settlement should be of such a
 
nature as to make security a permanent inheritance of all
 
nations.
 
     Security must depend upon the effective control
 
of armaments, respect for international law, equitable
 
methods for settling territorial questions, and other
 
disputes, the safeguarding of the interests of minorities
 
and in the final resort to theexistence of sufficient
 
force to discourage or rapidly to prevent any aggressive
 
intention.
 
     What is the most practical method of attaining
 
these objectives?
 
     In the earlier memorandum it has been shown that
 
the imposition of the will of the victorious Allies could
 
never succeed, over a long period, in maintaining an
 
enforced reign of law in Europe.
 
     From 1919-1935 an attempt was made through the
 
Covenant of the League of Nations to secure these objec-
 
tives by the co-operative action of States which, while
 
members of the League, still retained in full a 19th
 
century conception of Sovereign rights.
 
         No useful purpose would be served by a des-
 
cription of the failures of the political side of the 
 
League of Nations and an attempt to interpret the 
 
lessons to be derived from these failures is a task 
 
far beyond the scope of these papers.
 
     In the light of the experience of 1919-1935 there 
 
are no grounds for believing that a League of States. 
 
Each jealously safeguarding her sovereign rights, 
 
among whom preparedness for defence varies from 
country
 
                                                  country