- 4 -
 
      they would certainly be organized as bases for the German, Italian 
      and Japanese air forces and probably for their naval vessels 
      as well. The consequence of this would be that the power of resistance 
      of Great Britain and France to a further "squeeze" 
      later on would be enormously reduced until finally the totalitarian 
      powers were able to attain, not the whole programme outlined 
      in Section l above, but to its essential features, namely the 
      transfer to themselves of control of world bases for air and 
      sea which would give them control of the oceans, would reduce 
      Great Britain and France to dependence and leave only North America 
      and, so far as the United States could protect it, South America 
      outside their orbit.
 
      
 
 
The effect of the successful policy of "squeeze" 
      of Great Britain and France on the United States would inevitably 
      be that the United States in the interests of her own security 
      would have to present her own demands for the transfer of British 
      or French overseas territories to her own control. She certainly 
      could not afford to see the transfer to the totalitarian powers 
      of some of the British or French West Indian or Pacific possessions, 
      and she would probably in the interests of the Monroe Doctrine 
      have to present a claim for the control of part of West Africa. 
      Unless, therefore, she adopted a policy of confining her attention 
      solely to her own territories and leaving Europe and Asia to 
      control the seas right up to her territorial limits, she would 
      be driven, as Great Britain and France declined, to enter to 
      some degree into the game of imperialist competition in the interests 
      of her security.
 
      
 
 
111.
 
      But there is a deeper aspect to be considered. It is generally