Any further advance towards the south is likely if not certain to pro yoke the antagonism of America and Great Britain. The first immediate response will be an embargo on li trade. If one considers to what an extent Japan has depended for ker war In' China on assistance from abroad for raw material, mechanical transport and extra bombs and planes, it becomes apparent that she is taking grave risks in laying her= self open to an attack in the rear when the ower of her forces is on-gaged at a distance from its bases. Hitherto her landings have been unopposed and she has never had to reckon with sea, power. Her equi.~ ment is out of date, and only sufficient In quantity for a' colonial war, No model is sold to Japan which has not been superseded. and the copies. she contrives are below the standard of the original
Text read from the printed page and cleaned; old type leaves the occasional error.