"A Chinese victory may be delayed s a consequence, but it wily be 3 victory.
"Japanese casualties have hitherto teen 740,000, and although Governments can wage war for a short time without gold, Japan's reserves are practically exhausted, "The Governments of Great Britain and the United States are now recovering their courage and allowing a trickle of financial help to reach China. The City is not likely to do much to rescue the Tokyo Government. Meanwhile, the Russians are again showing activity in the Far East. The breakdown in fishery negotiations may have important results, The year 1939 may quite probably see an open and utter failure of the Tokyo corner of the triangle of Germany, Italy and Japan.
The other two encouraging factors, adds Mr. Bartlett, are Spain and the American abandonment of the policy of isolation.
He says that another six months of civil war will bring terrific suffering to Barcelona, but it will bring disruption and defeat to the Burgos Government.
Text read from the printed page and cleaned; old type leaves the occasional error.