"Selingman has shown us how these must change.

Frankly, although no one can fail to realise the immense importance of South America as a colonising centre, it is my honest opinion that the nation who scores most by my friend Selingman's plans, is not Germany but France.

Think what it means to her.

Instead of being a secondary Power, she will of her own might absolutely control the Mediterranean.

Egypt, with its vast possibilities, its ever-elastic boundary, falls to her hand.