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Every government in the world at the present time struggling with almost unbearable economic and financial difficulties. Five billion dollars found to spend on instruments of destruction. Armaments' failure to prevent war in 1914. Armaments' failure to ensure victory as Germany discovered. The encouraging fact that the world is becoming conscious of this particular madness; the first step toward sanity. A vigorous and active public opinion in the direction of disarmament. Such movement born out of the horror and futility of the last war. Development and culmination in February, 1932 in the assembly in Geneva of the first World Conference for the reduction and limitation of armaments, with 58 sovereign states represented. Desirable resolutions but ineffective action. The difficulty of deciding which weapons are offensive and the speaker's response. The need for a solution of the problem of the private and state manufacture of arms. Keeping the necessity of disarmament before the world. The role of public opinion. Political obstacles to taking the next step in disarmament. Armaments as merely the symptoms of a disease. Disarmament through security. Disarmament before security (the Anglo-Saxon thesis) or political security before disarmament (the French thesis). The distinction between the two thesis as the crux of the disarmament problem. Reconciling these views. Technical difficulties to taking the next step in disarmament. The question of chemical warfare. The potential destructive effect of rays and subatomic energy. The issue of the private manufacture of arms. Examining where the alternative, state manufacture, will lead us. The impossibility of separating industry into war and peace categories. Signs of accommodation. The disarmament issue with regard to Canada. How and why Canada should play its part.