The Settlement has so far creditably adjusted itself, without sacrifice of the fundamentals of its system of government, to the pressures of war Folicies in Asia. The internationally organized city of Tangier has succumbed to the conditions of war beyond its gates. The fate of that city serves as a timely reminder that the International Settlement of Shanghai has remained to preserve itself against that fate. Despite all the challenges and perils that have beset this hundred-year old city, the ancient sanction of its existence has retained its validity even to this day. That sanction is the subordinating of national dominance and exclusiveness to an international inclusiveness and interdependence.
The key to the life of the Settlement hes been the realization by outside parties, dealing with the Settlement as an object of their policies, that its welfare and prosperity stand and fall with the maintenance of its international character. If any single nation should overpower and propose to run in its own exclusive interest this city of Shanghai, all the special advantages of Shanghai's peculiar situation would be lost.
But, strangely enough, though with commendable ingenuity adapting itself to "war" policies, the Settlement is in imminent danger of tailing to make a similar caving adjustment to "peaceable" policies as they are being urgently and strongly expressed today in Japan's demand for greater influence in the civil and municipal ife of the Settlement. The most urgent problem that today fices the International Settlement of Shanghai is this very imminent danger of an unbridgeable rift in purely civic affairs between the Japanese section of our community on the one hand and the British and American sections on the other. To the solution of this problem it is vital that there should, at once be bent counsels of imagination, moderation, tolerance and compromise on the part of the leaders of these communities,
Text read from the printed page and cleaned; old type leaves the occasional error.