The present generation will probably not live to see this great pacifist movement fully completed.

It cannot be carried out rapidly, but I consider it our duty to put ourselves at the head of the movement and do all that lies in human power to hasten its achievement.

The conclusion of peace will establish the fundamental principles.
If the first principle be laid down as the compulsory international arbitration system as well as general disarmament on land, the second one must be that of the freedom of the high seas and disarmament at sea.

I purposely say the high seas, as I do not extend the idea to straits or channels, and I readily allow that special rules and regulations must be laid down for the connecting sea routes.

If these first two factors have been settled and assured, any reason for territorial adjustments on the plea of ensuring national safety is done away with, and this forms the third fundamental principle of the new international basis.