When you are out on a voyage, the tranquillity does not depend upon the ship, but upon the sea... It is not a policy, it is a yawn.
Source, in full
On the Conservative leader Bonar Law's election slogan, "Tranquillity"; speech in the Stoll Picture Theatre, Kingsway (4 November 1922), quoted in John Campbell, Lloyd George: The Goat in the Wilderness, 1922–1931 (1977), p. 34