22
The cash position appears not to cause any
Mad Ma
local uneasiness; like мr: Rogers, I cannot understand why. But we have already put this
point to them; and they must be fully aware of
the probable difficulties of raising a loan,
#in
Nor can anyone
in present circumstances. Mr: Caine seems quite
satisfied with the position; and I think we may
therefor leave that matter as it now. stands.
k. Generally, it seems quite impossible to make
any broud forecast as to the effect of recent
Japanese action, vis-à-vis H.K. I think that,
the long run", Mr: Gent is probably right; but it
may be a quite long run; and meantime H K is
largely cut off from its hinterland.
for any satisfactory idea, at present, as to how long Japan may occupy strategic positions in
S China, or how her action there may develop
otherwise, even if the ultimate objective as as
air: ent thinks it probably will be. I do not know
enough of the position in the Far East to hazară
any conjectures as to the probable outcome of
Japan's attack on China. Literally, almost anything
may happen.
3. In these circumstances, it seems to me that the
only practicable course is, in effect, to leave
matters to the local authorities. That is in
substance what mr: went proposes.
They are ANË
watching the position closely, and will continue
to do so; so far, there are no indications that
anything in the least catastrophic is likely to
happen.
The 3rd: "anuary 1939.
السي
3/1/59