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It was alleged that Count Terauchi was reviving in a more subtle form Group V of the Twenty-one Demands of 1915, the latest Japanese proposal taking the form of a secret Treaty of twenty articles of which the main stipulations were to be a loan of twenty million yen to China to reorganize the three main Chinese arsenals under Japanese guidance, and a further loan of eighty million yen to be expended on the Japanization of the Chinese army.

It was alleged that Count Terauchi was reviving in a more subtle form Group V of the Twenty- one Demands of 1915, the latest Japanese proposal taking the form of a secret Treaty of twenty articles of which the main stipulations were to be a loan of twenty million yen to China to reorganize the three main Chinese arsenals under Japanese guidance, and a further loan of eighty million yen to be expended on the Japanization of the Chinese army.

This is precisely what the modern Japanese wants his country to do, and this Japanization of the Far East is an alluring project, certainly. "But are not these 'open-door' countries, stipulated and guaranteed by the powers meaning that your people can enjoy no special trade advantage in them?" the American asks the man of Japan.

The Japanese authorities made no secret of their intention of eventually closing all missionary schools, on the ground that even when religious teaching was excluded, pupils were influenced by their teachers, and the influence of the foreign teachers was against the Japanization of the Koreans. Mr.