Speeches Delivered in the House of Commons And Elsewhere 1906 1909

Cover Speeches Delivered in the House of Commons And Elsewhere 1906 1909
Speeches Delivered in the House of Commons And Elsewhere 1906 1909
Frederick Edwin Smith Earl of Birkenhead
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Hirst.
122 CAPTURE AT SEA.
countries. If you apply that illustration to mari- time underwriters of mercantile insurances, the re- sult is still more remarkable. It is sufficient for me to say that a large percentage of the mercantile insurance of the world is done in London. So that, in order to strike a really damaging blow at the enemy, we are face to face with these difficulties : first of all, he may not bring his ships out of har- bour at all ; secondly, he may carry his merchandise in for
...eign ships which are protected ; and thirdly, if he does bring his ships out of harbour and you de- stroy them, English underwriters will have to pay a large proportion of the damage. These considera- tions suggest reasons why the change should be made. So long ago as the days of Lord Palmerston, the force of this argument was clearly felt, and that great upholder of the rights of this country said " I cannot help hoping that those principles of war which are applied to hostilities by land, may be extended to hostilities by sea, so that private property shall no longer be the object of aggression on either side.

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