London, Jan. 15.
'The most formidable, and dangerous fact in the world' to-day, says the "Observer" in a leading article, is that the weight of Japanese power is concentrated upon the consolidation of Japanese authority the mainland of Asia from Indeed, it the Japanese objective will continue to be bounded by, the Wall. Marshal Chang Hsueh-the Japanese plan for total elimination as. a factor in North China, and if he organised his headquarters in Pe-King the Japanese forces will un-Hdoubtedly make a drive at that city.
There is little doubt that the opportunity" has. been deliberately chosen, declares the "Observer." Tokyo is aware that Britain, Russia, the United States and Germany are incapable of resistance.
'AS far as Manchuria Proper is concerned there is no doubt that Japan has been the victim of grave injustice. She behaved with commendable patience for many years and the proper diplomatic methods which she adopted did not yield the satisfaction due to her. The chaotic state of China and. the lack of a Chinese Government competent to protect Japanese interests or leven to keep order. in Manchuria Hinally exasperated Japan into direct remedial action, but Japan exceed-led her initial aim or desire and turned a reasonable cause into one KEY TO MANCHURIAN AND,
Text read from the printed page and cleaned; old type leaves the occasional error.