'Up till now, Shanghai has lived house undivided and withstood the bulletings of outer circumstance, and, fu the simple words of one of the most precious pieces of writing in the world, "the rain descended, and the floods' came, and the winds blew and beat upon that house; and it fell not: for it was founded upon a rock,"
The supreme and unique quality of it all was that marvellous ce-operation of diverse nations each bringing in its quota of wisdom and virtue and skill, and cancelling out each other's errors, weaknesses and sins, summed up into a politico-economic usefulness unparalleled in eastern Asia, the stability and temper of this extraordinary ce-operation much of Shanghai's future depends. In this ce-operation, Imperial Britain, master of one-fourth of the earth's choice places. played, without ostentation, "the major" role, In that sense' it was a Pax Britannica, with its supreme administrative " skill, fetched from a wealth of experience.
Text read from the printed page and cleaned; old type leaves the occasional error.