The object of the subsidized insurrections is also clearly stated: it is to alter China's republican form of government into a Constitutional Monarchy which shall necessarily be identical in all its details to the Constitutional Monarchy of Japan and to no other. Who the new Emperor is to be is a point left in suspense, although we may here again recall that in 1912 in the midst of the revolution Japan privately sounded England regarding the advisability of lending the Manchus armed assistance, a proposal which was immediately vetoed. But there are other things: nothing is forgotten in the Memorandum. Russia is to be specially placated, England to be specially negotiated with, thus incidentally explaining Japan's recent attitude regarding the Yangtsze Railways. Japan, released from her dependent foreign policy, that is from a policy which is bound by conventions and treaties which others respect, can then carry out her own plans without fear of molestation. And this brings us to the two last documents of the dossier--the method of subsidizing and arranging insurrections in China when and wherever necessary. The first document is a detailed agreement between the Revolutionary Party and various Japanese merchants. Trained leaders are to be used in the provinces South of the Yellow River, and the matter of result is so systematized that the agreement specifies the amount of compensation to be paid for every Japanese killed on active service; it declares that the Japanese will deliver arms and ammunition in the districts of Jihchow in Shantung and Haichow in Kiangsu; and it ends by stating that the first instalment of cash, Yen 400,000, had been paid over in accordance with the terms of the agreement. The second document is an additional loan agreement between the interested parties creating a special "trading" corporation, perhaps satirically named "The Europe and Asia Trading Company," which in a consideration of a loan of half a million yen gives Japanese prior rights over all the mines of China. ALLEGED SECRET AGREEMENT MADE BETWEEN SUN WEN (SUN YAT SEN) AND THE JAPANESE In order to preserve the peace in the Far East, it is necessary for China and Japan to enter into an offensive and defensive alliance whereby in case of war with any other nation or nations Japan shall supply the military force while China shall be responsible for the finances. It is impossible for the present Chinese Government to work hand in hand with the Japanese Government nor does the Japanese Government desire to co-operate with the former. Consequently Japanese politicians and merchants who have the peace of the Far East at heart are anxious to assist China in her reconstruction. For this object the following Agreement is entered into by the two parties: