of industries and our abundant natural resources will likewise be developed by others. China will thus disappear as a nation. In selecting a man of the Li Wang type, the aforesaid foreign countries will desire merely to facilitate the acquisition of China's territory. But there can be easily found such a man who bears remarkable resemblance to Li Wang, and who will be willing to make a treaty with the foreigners whereby he unpatriotically sells his country in exchange for a throne which he can never obtain or keep without outside assistance. His procedure will be something like this: He will make an alliance with a foreign nation by which the latter will be given the power to carry on foreign relations on behalf of his country. In the eyes of foreigners, China will have been destroyed, but the people will continue deceived and made to believe that their country is still in existence. This is the first step. The second step will be to imitate the example of Korea and make a treaty with a certain power, whereby China is annexed and the throne abolished. The imperial figure-head then flees to the foreign country where he enjoys an empty title. Should you then try to make him devise means for regaining the lost territory it will be too late. For China will have been entirely destroyed by that time. This is the second procedure in the annexation of Chinese territory. The reason why that foreign country desires to change the republic into the monarchy is to set one man on the throne and make him witness the whole process of annexation of his country, thereby simplifying the matter. When that time has come, the people will not be permitted to make any comment upon the form of government suitable for China, or upon the destruction of their country. The rebels who raised the standard of the republic have no principles and if they now find that some other tactics will help to increase their power they will adopt these tactics. China's republic is doomed, no matter what happens. If we do not change it ourselves, others will do it for us. Should we undertake the change ourselves we can save the nation: otherwise there is no hope for China to remain a nation. It is to be regretted that our people now assume an attitude of indifference, being reluctant to look forward to the future, and caring not what may happen to them and their country. They are doomed to become slaves after the loss of their national independence. Mr. Ko: I am very much frightened by what you have said. You have stated that the adoption of a constitutional monarchy can avert such terrible consequences; but is there not likely to be disturbance during the change of the republic to monarchy, since such disturbance must always accompany the presidential election?