Faright

and the new North Pacific route contemplated by Falada

on the thes.

I don't think, however, that we should do anything to interfere with the chains of the Pender monopoly

The

Anti-Japanese Croises, without

in Love

ensuring

way Mauro

dressiles

from attack from there.

There is no other alternative. on John Pender is now dependent on the one line connecting Shanghai with Japan (Kobe or Nagasaki) for all the valuable telegraph business

with China &

* Japan.

When that line breaks,

as it has done

and may do

again, all this traffic

is diverted

and

his Cones,

the Great Northern Telegraph Company

through Russian paper.

May

be not by the

for

its own purposes

Even if monopoly

He frankly said to me that he did not make this

proposal from philanthropic

motives; but

knew that subsidies were

hopeless, but we could give him something which would be valuable: a monopoly, & he wanted to safeguard by a duplicate

line the valuable Chinese business

I told him Ignoring undertaking this, & that I even thought

his present proposal. carefully not prevent his laying the duplicate cable in

interests, if a monopoly was refused. that this meant the Cable

our

chant

Lus

...

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