The Nationalists must oppose this lin because it i nationalistic, It provides for a still further division of China, It means that a new state be carved out of the econo ly most important provine: s of that that state will be lent of any central control. States have a way of perpetuating themselves and it will be more dif ealt to. destroy the neutralized Shanghai than it will be to create it—particularly when the revenue Jof the independent. stea is so enor. mous, probably as large as that of established themselves here, the Powers would be dealing with a [Chinese group of middle-men who would themselves be, at the mo-in negotiation with the Na-ant for recogni:
Text read from the printed page and cleaned; old type leaves the occasional error.