Moreover, he added, Japan's actions in and around Shanghai "are most reprehensible and, like sands on the seashore, are likely to leave a gritty taste in the mouth."
Shanghai is the centre, Lord Eli-bank said, for many thousands of millions sterling of foreign investments in various parts of China. Great Britain's share of investments in Shanghai alone was over £150,- (000,000.
If recent Japanese demands were granted, Japan would acquire complete control in the International Settlement,.and its international character would be destroyed.
Any Power controlling Shanghai, the speaker declared, was able to injure the interests of other nations right into the centre of China, while the control of the Chinese Customs there. would imply control of every other Customs station in the Yangtze Valley, Lorn Elibank said that the. Customs revenue in Tientsin and Tsingtao was being deposited in the Yokohama Specie Bank; and he asked what guarantee there was that the Japanese would not do the same with the Customs revenues in Shanghai and ultimately appropriate them for their own purposes,
Text read from the printed page and cleaned; old type leaves the occasional error.