He recognizes that it is a very delicate matter for non-belligerents to interfere when the terms of peace are being arranged, but he reinforces his argument for a real stand by pointing to the industrial development of China which will follow the conclusion of peace, a development of which Japan must acquire control, in order to make certain her effective control of the vast China market which has been the lure behind her mainland venture, This latter aspect of the problem he considers to be imperfectly understood in the West, where China "is still regarded as an agricultural country, whose unnumbered millions late little more than potential buyers of cotton goods."—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.