The truth is that we have got our way. We have got most of the things we set out to get. If you had told the British people twelve months ago that they would have secured what they have, they would have laughed you to scorn. The German Navy has been handed over; the German mercantile shipping has been handed over, and the German colonies have been given up. One of our chief trade competitors has been most seriously crippled and our Allies are about to become her biggest creditors. That is no small achievement. In addition, we have destroyed the menace to our Indian possessions.

Lord Riddell's diary entry (30 March 1919), J. M. McEwen (ed.), The Riddell Diaries 1908-1923 (London: The Athlone Press, 1986), p. 263