ar
against England. Thus, under the first condition, when Austria proposed
in 1913 that the Triple Alliance should combine to crush Serbia,
victorious but exhausted after the Balkan Wars, Italy at once rejected
the proposal. And, under the second condition, as German naval expansion
became more and more provocative and threatening to Britain, we were
able to transfer nearly all our Mediterranean Fleet to the North Sea,
secure in the knowledge that, whatever might befall, we should never
find Italy among our enemies.

* * * * *

The part which Italy has played during the war just ended, the great
value of her contribution to the Allied cause, and the great sacrifices
which that contribution has involved for her, have been often and
admirably stated. But I doubt whether, even yet, these things are fully
realised outside Italy, and I will, therefore, very shortly state them
again.

When war broke out in August 1914, Italy declared her neutrality, on the
ground that the war was aggressive on the part of the Central Powers,
and that, therefore, the Triple Alliance no longer bound her. By her
declaration of neutrality, she liberated the whole French Army to fight
in Belgium and North-Eastern France, and rendered our sea communications
with the East substantially secure. Bismarck used to say that, under the
Triple Alliance, an Italian bugler and drummer boy posted on the
Franco-Italian frontier would immobilise four French Army Corps. The
Alliance disappointed the expectations of Bismarck's successors.

But if Italy had come in at this time on the German side, she might well
have tilted swiftly and irremediably against us that awful equipoise of
forces which, once established, lasted for more than four years. There
would have been small hope that France, supported only by our small
Expeditionary Force and faced with an Italian invasion in the
South-East, in addition to a German invasion in the North-East, could
have prevented the fall of Paris and the Channel Ports, while Austria,
freed from all fear on the Italian frontier, perhaps even reinforced by
part of the Italian Army, could have turned all her forces against
Russia. Or alternatively, part of the Italian Army might have attacked
Serbia through Austrian territory, with the probable result that Rumania
and Greece, as well as Bulgaria and Turkey, would have been brought in
against us in the first month of the war.

At sea our naval sup