Once again Lloyd-Jones hits the nail on the head! Liberal ideas come and go, wax and wane in popularity but the gospel of Jesus Christ never fails!
Surely we cannot accept . . . Universalistic ideas, because, if we do so, it means that we find ourselves contradicting the plain teaching of Scripture in those places where there is a clear division between the saved and the unsaved, the good and the bad, the redeemed and the lost. In spite of the arguments based upon a philosophic idea of the love of God, the Scripture draws the ultimate distinction between eternal salvation and eternal destruction . . . There is only one salvation—by the blood of Christ—and no-one can enter the kingdom except by belief in Christ. Such is the Universal teaching of the Scripture . . .
The mystic secret which we as Christians are allowed to share is that God will ultimately restore the original harmony, and re-unite again all things in Christ. Christ is over all and the old harmony will be restored . . .these blessings only apply to those who believe on the Lord Jesus Christ. No harmony is promised to others; they are sent to ‘everlasting destruction’; but they will be outside the cosmos, as it were; they will be out of harmony and will not disturb it eternally. As regards the fallen angels it is clear that there is no hope for them. They are ‘reserved in chains’ in the pit until their final damnation comes (2 Peter 2:4; Jude 6). Satan also is to be cast into ‘the lake of fire’ where he and all his followers are to be tormented for ever (Revelation 20:10).
David Martyn Lloyd-Jones, God’s Ultimate Purpose : An Exposition of Ephesians 1, 1 to 23 (Edinburgh; Carlisle, Pa.: Banner of Truth Trust, 1978), 202-07.Thanks to Adrian Warnock's blog.