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Modern commercialism, already invading China at many points through the medium of the treaty-ports, was a force which in the long run could not be denied.

In brief, the trading Chinese were identifying themselves and their major interests with the treaty-ports; they were transferring thither their specie and their credits; making huge investments in land and properties, under the aegis of foreign flags in which they absolutely trusted.

By a thoroughly Machiavellian piece of reasoning, those who have been responsible for the framing of recent Japanese policy, have held it essential to their plan to keep the world chained to the principle of extraterritoriality and Chinese Tariff and economic subjection because these things, imposing as they necessarily do restrictions and limitations in many fields, leave it free to the Japanese to place themselves outside and beyond these restrictions and limitations; and, by means of special zones and secret encroachments, to extend their influence so widely that ultimately foreign treaty-ports and foreign interests may be left isolated and at the mercy of the "Higher machinery" which their hegemony is installing.

There are now about thirty treaty-ports, most of them having these residential plots or concessions some of which, however, have never been taken up and built on, but where they have been, although leased from the Chinese Government at nominal rents, they are to all intents and purposes little detached portions of the British Empire, kept scrupulously clean and in perfect order, where natives are not allowed to dwell, but where Europeans of all nationalities live in security and comfort.