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THE CHINA MAIL, NOVEMBER 3, 1938. control keeping herself free as possible of the tribute required to be paid to foreign financing institutions, has to be reckoned with as a virtual cer- Utanity,
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Hong Kong, Thursday, Nov. 8, 1988.
BRITAIN'S TRADE ·
FUTURE
In criticising the pessimistic view taken by Mr. Attlee of the future of British trade in China, Mr. Chamberlain is probably justified by what may be termed the broad economic | his facts of the situation. In turn, however, he lays himself open to charges far more pro- foundly disturbing to British sentiment in the Far East, charges of brutal cynicism and almost unique complacency. It is undoubtedly safe to assume that the termination of hostili- ties will find Japan's capital resources heavily mortgaged long into the future, and fore- ign financing will be essential to China's rehabilitation. But Mr. Chamberlain goes much further than that in a cynical of the acceptance
oposition
that end
war will find Japan dominating China and established in a trade The idea monopoly position. that the outcome of hostilities be awaited, that Japan has to achieve the victory, seems to have slipped him.
20
1:
ex-
In the last few days, the mask has been lowered with a definite purpose. Japan now preclaims frankly her intention of ploiting China as a second Manchukuo, and maintaining the "Open Door." No-one needs to be told precisely what that means, either in the way of ⚫ capital exploitation, or respect for foreign rights, who has had any experience of Japan's in- terpretation of the "open door" in Manchuria.
Commons Debate
The Commons debate revealed no Blackening of the criticism of the Munich Agreement, des- pite the lapse of a month for its meaning and effects to sink in: Nevertheless, there is something is what Mr. Chamberlain says (since regrets over Czechoɑlo- vakia are now useless) that the main issue now is whether the peoples of the world are to be threatened with a general war whenever some local dis- pute arises which the military dictatorships decide to foment as a racial or "ideological” issue.
In the recent crisis Mr. Cham- berlain was faced with a situä- tion of great urgency. That is his justification for a yielding of ground which is règretted by British public opinion as submission to a threat of force. It is true, also that unless the Anglo-German declaration is quite meaningless, the negotia- tors at Munich were sincere in agreeing that it would be ridi- culous to proceed to provoke a world conflict over the appli- cation of a principle that had already been conceded by negotiation.
From this, if from anything done at Munich, is to be gleaned the only hope for the future. The question of armaments will probably prove vital; if there is to be no ultimate limitation of armaments under the moot- ed. Four-Power Pact, what hope of disarmament can re- main? The sacrifice of the Czechs in the cause of world peace would then appear to have been in vain, and it might be said that it would have been better to have fought the issue now before Germany had made territorial and other additions to her strength.
Japan, Germany, Italy are al-At the present stage, however, it
ready proclaiming the destruc- tion of British influence in Oriental affairs. With them, however, the wish is very much father to the thought. finitely more damage is done, to British interests by public statements such as that credit ed to the Premier than by all the propagandist speculations. of the "Axis" Powers. Apart from that, Mr. Chamber- Iain is basing his calculations of the economic consequences of the peace, when it comes, on capitalist economy. The lessons of Germany's econo
mic resurgence by the Schacht method of financing hàvề nôt'| been erlooked.
hamberlain. efato move. Ina development in order to retain monopolistic |
would be foolish to adopt the
· extreme view that Britain had abdicated her world position and that the future holds for us nothing but a series of in- creasingly humiliating retreats before a strong and ruthless military Power gathering in- creasing strength, änt with it enmity against all 'ita neigh- bours--small and greet.
We are scarcely over the tremen-
dous crisis. of Czechoslovakia. Forces have yet to be demobil- ised. Popplar emotions have ent not yet subsided. Appl and a limitation of armi cản not be brought about iii a day. In the meantiing Britain strengthen her own
wherever pösäible. the rule of law
rule of anarchy.
lon in
sun