If the Conference were broken up, or even if Italy remained out, and Japan went out, these things would be impossible. On the other hand, if the Allies could be kept firmly together, peace established, and a league of nations brought into being, there was a chance of going forward with world reconstruction on the broadest lines, and of the full realization of the principles of justice laid down in the Armistice terms and accepted by all nations. The Treaty, after all, is no final settlement; it is only one step in the great process of world reconstruction. It was with all these considerations in view that the Shantung settlement was made by the Council of Three sitting in the President's house in the Place des États-Unis—with the Japanese in full agreement. This settlement was in two parts, the first set forth in the Treaty itself, and the second a special agreement of the three Great Powers with Japan. I find that this fact is not clear to many people, who look for the entire settlement in the Treaty itself. Under sections 156, 157, and 158 of the Treaty all the rights at Kiauchow and in Shantung Province formerly belonging to Germany are transferred without reservation to Japan. This conforms broadly with the various treaties, and gives a proud nation what it considered its full rights. On the other hand, the Japanese delegates at the Conference, on behalf of their government, made a voluntary agreement "to hand back the Shantung peninsula in full sovereignty to China, retaining only the economic privileges granted to Germany and the right to establish a settlement under the usual conditions at Tsingtao." Under this agreement, by which Japan makes an unqualified recession of the sovereign rights in Shantung to China, she also agrees to remove all Japanese troops remaining on the peninsula "at the earliest possible time." Japan thus gets only such rights as an economic concessionaire as are already possessed by one or two great powers and the whole future relationship between the two countries falls at once under the guarantee of the League of Nations, by the provisions of which the territorial integrity and political independence of China will be insured.