The main consideration of the Shanghailander and the China hand is business, specially now its future prospects. He has his nose too close to the grindstone and often suffers! by ignorance of the greater perspective, It is the purpose of this article to assist in clarifying a section Jof the large tangled politics on which depends our little economic well being, and to make it easier for the businessman, to formulate his plans in the light of a study of polities. 'This has been overwhelmingly brought home to him during the Inst few weeks, when a political breakdown, half' the world away, might have undone him here.
What has Britain's foreign policy been in recent years?
It cannot be denied that the League of Nations, nobly conceived and theoretically perfect, proved to be impracticable from' the start when the people, whom President Woodrow Wilson represented, refused™ to participate. They helped to win the war but declined to become involved jin future ones, The League rested them on Britain, France, Italy, Japan and other nations.
Events demonstrated that the col-
"iicatng "Heats "Se Mun wand Ben as leader, Dr, othe pete ena
eicinaenc Sor sen appraise the weight of the lective system could successively handle small disputes as between the minor nations, but it could not stand up to the test of larger issues that threatened to drag into armed con-ict the great powers, who loathed nothing more than being so involved.
Text read from the printed page and cleaned; old type leaves the occasional error.