Even should the Wang Ching-wei government, which has hitherto shown itself strangely evanescent, manage at last to consolidate and become an tion of time, before this menace is brought within manageable dimensions, after which the Japanese will be able to proceed with the pacific. tion of the interior and the less easily approachable districts, as they have succeeded in doing in Manchoukuo. Therefore, presuming that Japan is not involved in any fresh war with some other power and that the China Incident continues to drag on. the time factor would seem to be not only on the side of independent China, but also on that of the "North China Dominion" (as distinguished from Japan proper), giving it time to develop its resources and become a self-supporting country.
Text read from the printed page and cleaned; old type leaves the occasional error.