ABSTRACT
IN describing events which overlap one another in time, closely interlocked though they may be in their relations to one another, it is impossible to keep to a strict chronology. The political and financial crisis in England in August 1931 played its part in deciding when the blow should be struck in Manchuria; but for the time being its greater interest in Japan, except to the military conspirators, lay in its forcing on the attention of the public the question whether it would not be better to reimpose the embargo on the export of gold and to re-establish at a convenient moment a standard in which the gold content of the yen should be considerably reduced.
