Lord Addington (Conservative), who was at one time Custodian of Enemy Property in China, _emphasized that the interests of" China and Japan were not necessarily con-Alicting, but the fact that they had clashed had caused a dangerous situation. "Some other nation ought to mediate, Britain was uniquely. fitted for this job, and she should take up her mind.
Lord Lothian, at one time Chancellor of the Duchy of Lancaster in problem could be solved with toler-Jance and wisdom.
Replying for the Government, Lord Stanhope, Under-Secretary of "State for Foreign Affairs, said it was going. too far to say that China was finan-dally on the point of collapse, Ue said he thought it unlikely, in view of Japan's "financial position, that she was prepared to grant a loan, return for" various exclusive rights and privileges.
Referring to the suggestion that Britain should act as a mediator, Lord Stanhope said he did not like, mediation, which usually meant interference in a quarrel' where the quarrelling parties might combine to fight the mediator.
"That was not the position Britain wished to occupy. He doubted the UUUllty at present of the proposal for. 2 conference.
"The right policy," he asserted, "is to do what we have been doing with-jour great flourish of trumpets—try 10. [bring about a detente between all the. countries interested in the Far East. We warmly welcome the detente be-
Text read from the printed page and cleaned; old type leaves the occasional error.