preoccupations internally and else. where, western governments are disposed" to watch events with some Keenness of vision, Tokyo, indeed, has itself given the world food for thought inthe almost blunt refusal to participate in the pending economic conference in Nanking. This em phasized Japan's determination develop her own economic relations with China independently of other influences. Whether this policy. will be justified by its fruits only the event can show. Generally the Japanese Government and its vigorous representatives on North appear to be nicely ca advantages accruing from swift action on the spot at a time when world attention is heavily distracted. " Calculations of that kind may have their merits, but they are apt to lace sight of the importance of certain basic principles which, as history has shown time and time again ultimately find due expression and the neglect of which is seldom condoned,
Text read from the printed page and cleaned; old type leaves the occasional error.