Show no foreign authority thinks that the japanese blockade of the british concession at which has been accompanied by what the british government descal s as intolerable insults to john bulls citizens in the area was just the logical of the british refusal to turn four chinese over to japanese authorities many are convinced it is part of a carefully prepared campaign of possible world shaking importance in which Nip pons partners in the axis germany and italy had the major hand the japanese are apparently undisturbed by reports that the british government is planning drastic economic steps in retaliation for the japanese ardys unprecedented treatment of ci citizens of a friendly power with lorig rooted legal rights in china and some are arc coming to the view that nothing short of forceful action b by Y the british fleet will break the blockade and theres the catch for the british government knows well the vital necessity of keeping her great fighting ships at home in il troubled times it will be remembered that the admiralty would not send tile the kill king anil and queen to this continent on oil a r battle baittle cruiser as originally planned out but chartered a passenger linex linci instead statesmen and foreign observers are arc convinced that a departure of the british home fleet for possible action with japan would be immediately followed by a german coup to seize danzig and the polish corridor the british asiatic fleet now in chinese waters is hopelessly outnumbered by the japanese fleet the question is arising as to whether the U S will eventually have to take the lead in protect ing foreign interests in china we are the only major naval power which could today safely send our war vessels far from home the japanese are eager to prevent this they have been scrupulously polite to americans in and other china ports 0 it is no lavor favor to loan money freely to those who are nes for the result is simply to get them in debt up to their necks and they are arc never able to get out they simply add to the long list of business failures and personal bankruptcies james H perkins chairman national city bank of new york |