O-ONE can predict, with exactitude, in what mould Sino-Japanese economic policies will find solidification. The present emergence from an amorphous into an apparently-crystalline star: of the Japanese line of development is no surely as to the fatare course of things. An understanding of the formative stage, however, together with a recognition. of inevitable modifications, would serve the interests of permanent businessmen here. To that end, let us attempt fo treat the factual with the fundamental, and see what light can be had, Before addressing ourselves to this subject of paramount concern, one must abjure the moody and negative state of mind of continual plaint and dejection and bring to the problem an acceptance of things as they are in as cheerful a spirit as possible. The existing turmoil must always be allowed-for in our budget and daily fare, fully faced-up-to and dealt with, as best we may.
For all practical purposes, the Army today is the Government of. economic rule in Central China would the Japanese nation. This sinew of Fun, if it could, along the similar the state, now overruling every see-monopoly pattern as elsewhere. tion of the whole body-politic, has It fs for this reason that the Gov-been entrusted with, or" has ernment of the United States, whose assumed, the leadership,' Civil funehands are more free than that of Unnaries of high distinction would any other Great Power, thought not now dare to oppose this authority. address to the Government of What is more, such military oligarchy Japan a strong Note on October 6, possessed of the ineradicable con~ reciting the serious complaints of her jon, amounting to fanatical re-nationals trading in' China, and ligious' fervour, that it is given to severely protesting against the in-them to lead the people of Dai Nip-fringement of the Open-Door policy on, "the children of the gods," to land the provisions of the Nine-Power high destiny and an Asiatic over-Pact, lordship. So long as this parly can The belated response in November justify. itself with success, it will of the Japanese was considered un-continue in its present course, Not satisfactory by the United States until it meets with a whole series of Government who has maintained, reversals, will it be discredited. Only since then, an ominous silence. The time, therefore, can attest to its real House of Lords held a debate on the validity and (rue worth, same subject and endorsed the American stand in the matter, re-Frotagonists of Power Polities jected as invalid all the contentions, In the world situation, it has of the Japanese for restricting foralized itself with Rome and Berlin, iim trade, both protagonists of so-called power Tt has been rumoured that Japan politics. According to Mr. A. J. would be coming out now with an Cummings, writing in the London lapon denunciation of the Nine-Power "News-Chronicle," a triple military Pact, but as yet this has not material~ alliance is in the offing. "The gist of ized. "However, a ballan d'essai, in the proposed agreement is that the the form of a newspaper article apthree nations of Germany, Italy and pearing in the Tokyo "Asahi," on Japan, will be in close consultation December 10, could be considered as with, and offer each other assistance Likely-form that such rumoured politically, diplomatically and econo-denunciation of the Pact Is to take, tically, if one party ig menaced oF fand the reasons therefor. attacked, Coming down to the all-essential Ten Point Thesis economic requisites for the advenes The article contains ten points—it. ment of Japan, how may we expect goes somewhat cynically one better a military rulership to approach this than the Nine-Power Pact in number problem other than in a brusque fof points—and attempts a reasoned military, manner, namely, through exposition of Japan's new political force. The sought-for Japan-China fand economic stand. We regard this "ce-operation"—wretched. though the statement as being one of much connotation of this word has come to significance and give hereunder have for us—is not to be achieved points concerning economic activity. by delicate handling and the gentle Tt is argued in the article that suasion of goodwill, but by severe since the world is guided by the compulsions. principle of economic—isolation, economic ce-operation between Sincere Pellet of mtiiitary Japan and China is inevitable and Through military weapons is seen unavoidable." The writer states that the only means to weld not only the it would be most advantageous to political but the productive powers of China because realization of such the two oriental nations. Tt economic ce-operation will assure sincerely believed by the Japanes China of a market for her materials military party—however" heretical jand resources. The present incident, that notion may seem to us—that this it Is stated, has occurred because the method will also worl out to the [National Government of China reood of the Chinese people. jected relations of mutuality and re-'Thus the system of economic reglfciprocity and menaced the right mentation and monopoly, which has existence of the Japanese Empire." long obtained in Japan proper, The Empire, it goes on to stress, is whereby a fow colossal cancer firmly determined to check and re~ conduct the bulk of the nation's bu: move obstacles in the way of Sino~ ness, hag been applied in Manchou-Japanese economic ce-operation, Cb! kup, is being put' into operation in irrespective of the difficulties that North-China, and also attempted in the regions of Central China. leis of the Powers The biggest and, most serious step pere then follows a Japanese opted in this direction is the infinition of what the rights of the definite closing of the Yangize River Powe Should be, These, inthe new to any other. shipping but that of Japan, There may be purely military ree rre be. diferent from sreseanfeyed by foreign, counties reasons why Japanese feel justified doing 80, but to foreign powers the those endegee eat Behn andthe 1 aren a galens however, explanations given are not convincing. ted slete stands i he relation The "North-China Daily News" rethe tet rea ith Chins, una Ports the formation of a new Jap-tea and econ aetvlnese shipping concern to be known the Yangtze River Steamship Com~ ti pany. Tei stated that this firm aims The thais is_then_ propounded, at the monopoly of, all river trade beeae ce scent admiration {ween Shanghai_and Yangtze ports. iment re ie principle of cabal The Company has already held its nate ing emaciated by "ihe first meeting at the Astor "House Sree "Pack would prevent Hotel, Shanghai, on Saturday, Decem-me. Tone nia rom entering Into er 10, when 80 directors were apsanan ud ceeatenshin, neue Pointed anda Chinese compradore, lee, econo cclntl marke, and, Operations are to commence next Cite be Taierpreted ar a treaty month, and there will be maintained, short, te cite forthe ake of by sixteen vessels, regular services Bresee Corea there. i no all ports, Europe, and (Aes neral argument The new company is believed to be emery ds Seinelse impale the a subsidiary of the (Japanese) Cen-tak, ce dante othe Emre, Od, tal China Development Company, eas "aptes: the Which aims at monopolizing all trade nee ce of adnate within the area occupied by Japanese one ce ig he economic forees, proceeding on the same lines iv, Fes by ates nonsrecogiton 4s the China Inland Steam Naviga-growth of Saran and tion Ca, which has secured, it. is ha aid, a" monopoly of all launch services in the Shanghai ares. acti ae (othe economic activity louse 8 is provided an ample Aeaton {0 are Soul pursue Mullifartous Activities hat oe crum ie that frelzn aa¥0,, shall not go into the multi-Chine me, Se to. vestments farious "activities in the economic ale Saou pa te, cntuted here of a monopolistic character—ange ate artes ofthe 2 Dhases of. which, this column has according fe should be, resid within the' limits dictated by_ the Piched-upon on previous occasions.
The heart of itis that there are all [Nutonumy and independence of China signs and symbols that the new Gnd in recognition of the special re~
Text read from the printed page and cleaned; old type leaves the occasional error.