Sir Archibald Sinclair on behalf of ihe Liberal Party, said there should have been more adequate response to President Roosevelt's great speech, which he described as the most hopeful utterance from America since the war.
He expressed the opinion that if, in the last resort, Japan's chief customers among nations refused her imports, it would be impossible for Japan to finance the war.
He recognized that there were vulnerable places like Hongkong, which would not care to take part in such a policy.
Sir Archibald Sinclair summed up his policy as follows:
1.—To appeal to mediation and to give an assurance not only to China. but, to Japan that we realized she had legitimate grievances against this and other nations, and that those grievances would -be considered—trade discrimination and other grievances—with the intention of remedying them.
2.—lf that failed, economic pressure must be prepared, with sufficient force behind it to make it effective if it were challenged.
Text read from the printed page and cleaned; old type leaves the occasional error.