10

Yes, but the

long run, is considered to be China and not Japan.

While I think Mr. N.L. Smith is clearly aware that

the prosperity of the Colony depends upon Chinese

goodwill, he is also aware that the Colony is a

source of irritation to Chinese irredentism. This

has led to the somewhat cynical conclusion that

though it is clear that a strong central government

in China is to be welcomed by all, a China "not only

cupidity of armaments unified but fully armed" might not necessarily be

firms will always see

to it that China is armed beyond the limits aphr Ther expands & pay.

Seine

desirable.

Mr. Smith concludes that Macao has little

to fear at the moment, either from China or Japan, on

the grounds that (a) she is the least rich of the

various possible prizes; (b) that it is difficult to

believe that its shallow water and general strategic

disadvantages would be a likely objective.

I am not quite sure, however, that

"the integrity of China.......is a less dangerous

stake to hazard than the integrity of European

Colony".

It is suggested that the commercial

relations between Hong Kong and Macao deserves to

be more intimate than in the past. There is a

considerable legitimate trade, and a good road

between Macao and the Shek Ki district, while there

could be no question of Rivalry between Hong Kong

and a shallow harbour. The extent to which this

can be done is largely, I think, a local matter,

since it depends more upon minor details than upon

broad economic issues, but Economic Department should

see in case they desire to make any comments.

I suggest that the despatch should in due

course be acknowledged saying that the Secretary of

State

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