This is a frank statement of the case, and from the Japanese point of View not entirely unreasonable. Tneans, of course, ade facto Protec: {orate' with a preferential mascot for the protecting power, of which there fare numerous other examples in. the World at the present day. Whether, however, even this limited outlook for foreign trade will be fulblled, 'Question only the future can decide, 'Everyone will draw his own conclu ions' on this point, doubess in. ace cordance with his polo beings. One thing seems perfectly clear. "Open Door" policy tas disappeared in this part of Asia, never to return, bematter how Manchoukuo may deve: fop in the near future. Nothing short of, a war could re-establish that Drineiple in Manchuria.
addition to this favoured posl~ tion of Japanese business there Was, however, another danger threatening foreign trade interests, This is the economic' nationalism, almost State Socialism, with which the directors fof the economic policy of the country earn 19 be aces. ths the monopoly, (to be discussed more fully the next article tonmorrow) is slaring example, T made repeated fairies of the. authorities, whether this meant a new departure in their economic policy and. would be fol-{owed by further monopolies, T was luo we futher moonoliey vere fants wore careful to add the words intended, some of my informa "for the present." But in a case of this ind' the old. saying. "Lappest lent en. Mangeant" holds good for
Text read from the printed page and cleaned; old type leaves the occasional error.