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cond decade of the twentieth century does not open a peaceful vista in the Far East. STEADY-POINTS There are, however, two steady-points upon the horizon. One is the Anglo-Japanese treaty: not the treaty of 1902, spoken of already above, but a treaty which replaced it and which was concluded on August 12, 1905. The latter document goes much further than the former. For, whereas the treaty of 1902 merely pledged each of the contracting parties to observe neutrality in the event of the other being engaged in defence of its interests, and to come to that other's assistance in the event of any third power intervening belligerently, the treaty of 1905 provides that: "Whenever in the opinion of either Japan or Great Britain, any of the rights and interests referred to in the preamble of this agreement are in jeopardy, the two Governments will communicate with one another fully and frankly, and will consider in common the measures which should be taken to safeguard those menaced rights or interests." "If, by reason of unprovoked attack or aggressive action, wherever arising, on the part of any other power or powers, either contracting party should be involved in war in defence of its territorial rights or special interests mentioned in the preamble of this agreement, the other contracting party will at once come to the assistance of its ally, and will conduct the war in common, and make peace in mutual agreement with it." The "rights and interests" here referred to are defined as follows in the preamble: "The consolidation and maintenance of the general peace in the regions of eastern Asia and of India." "The preservation of the common interests of all powers in China by insuring the independence and integrity of the Chinese empire and the principle of equal opportunities for the commerce and industry of all nations in China." "The maintenance of the territorial rights of the high contracting parties in the regions of eastern Asia and of India, and the defence of their special interests in the said regions." This remarkable agreement came into force from the date of its signature, and its period of duration was fixed at ten years. During its existence the two powers, England and Japan, are pledged to use all endeavours for maintaining not only peace in the East, but also the independence and integrity of China. The significance of such a pledge is appreciated when we recall the dimensions of the British
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