Bernhard von Bulow

This fact lays on us - so long as the maintenance of good relations with Russia seems to us worth an effort - the duty of satisfying Russia that she has no need to fear any invasion of her sphere of interests on Germany's part.

Mr. Chamberlain desires to avert the threat to England's peace by making England, in alliance with Germany, stronger than her rivals and so to force them to renounce their hostile intentions against her.

We feel no isolation. But, having said that, I want to emphasise in particular that we do not want to go to extremes and abandon the European and American directions in our foreign economic cooperation.