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This policy was undoubtedly an exceedingly wise and good one. By this England not only regained a firm and complete commercial alliance, but also maintained and strengthened a political alliance against Russian attacks from the Corea and indirectly from Manchooria and Mongolia.

England also saved money by the abandonment of the Port Hamilton scheme, and saved her fleet from being, to a certain degree, scattered in such a far-off quarter of the globe.

England now holds complete sway both commercially and navally in the Pacific. Lord Salisbury’s policy is worthy of all praise, together with Mr. Gladstone’s original scheme. If the scheme had never been originated there would not have been so firm an Anglo-Chinese alliance as there now is.

England’s power at the present time is three times as great as that of Russia in the Pacific; in fact Russia has always been overweighted in that respect. Therefore it is selfevident she could never be able to withstand the combined Anglo-Chinese fleets.