But though we entered this war with no illusions as to the incidents which will mark its progress, as to the ebb and flow of fortune in this and that part of the gigantic field over which it is waged, we entered it, and entered it rightly, with the sure and strong hope and expectation of bringing it to a victorious conclusion. [Cheers.] I am quite certain that if we, the people of the British Empire, choose, whatever may happen in the interval, we can in the end make this war finish in accordance with our interests and the interests of civilization. [Cheers.] Let us build on a sure foundation.  Let us not be the sport of fortune, looking for victories here and happy chances there; let us take measures, which are well within our power, which are practical measures, measures which we can begin upon at once and carry through from day to day with surety and effect.  Let us enter upon measures which in the long run, whatever the accidents and incidents of the intervening period may be, will secure us that victory upon which our life and existence as a nation not less than the fortune of our allies and of Europe absolutely depends. [Cheers.]

The Deeds of the Navy.

I think we are building on a sure foundation. [Cheers.] Let us look first at the navy. [Cheers.] The war has now been in progress between five and six weeks.  In that time we have swept German commerce from the seas. [Cheers.] We have either blocked in neutral harbors or blockaded in their own harbors [laughter] or hunted down the commerce destroyers of which we used to hear so much and from which we anticipated such serious loss and damage.  All our ships, with inconsiderable exceptions, are arriving safely and punctually at their destinations, carrying on the commerce upon which the wealth and industry and the power of making war for this country depends.  We are transporting easily, not without an element of danger, but hitherto safely and successfully, great numbers of soldiers across the seas from all quarters of the world to be directed upon the decisive theatre of the land struggle. [A voice, “Russians,” and laughter.] And we have searched the so-called German Ocean without discovering the German flag. [Cheers.] Our enemies, in their carefully worked out calculations, which they have been toiling over during a great many years, when the people of this country, as a whole, credited them with quite different motives, ["Hear, hear!”] have always counted upon a process of attrition and the waste of shipping by mines and torpedoes and other methods of warfare of the weaker power, by which the numbers and strength of our fleet would be reduced to such a point that they would be able to steel their hearts and come out and fight. [Cheers.] We have been at war for five or six weeks, and so far—­though I would certainly not underrate the risks and hazards attending upon warlike operations and the vanity of all overconfidence—­but so far the attrition has been on their side and not on ours, [cheers,] while the losses which they have suffered greatly exceed any that we have at present sustained.