Publisher's Synopsis
Excerpt from The Neutralization Features of the Hay-Pauncefote Treaty
In ordinary neutrality there are two elements - the element of abstention from acts of war and the element of freedom to abstain or not to abstain at pleasure. Now, if we take away the latter we get neutralization.
In these definitions we have the real point of. The distinction. Ordinary neutrality is purely voluntary on the part of the state exercising the same, and may be terminated at any time, while neutralization imposes a more or less permanent status of obligatory or conventional neutrality, not terminable by volition of the state which accepts it or upon which it is imposed, which state thereby accepts a limitation to that extent upon its sovereign freedom of action.
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