The next page goes on to discuss the possibilities of a strong partnership between Italy and Japan, and I would pass from my quotation to the next page where the writer is summarizing his ideas.
Paragraph 5:
“Therefore, conclusions to be drawn by us.
“1. Outwardly, further understanding with England in regard to the protection of the interests of our friends.
“2. Formation under great secrecy, but with whole-hearted tenacity of a coalition against England, that is to say, a tightening of our friendship with Italy and Japan, also the winning over of all nations whose interests conform with ours directly or indirectly.
“Close and confidential co-operation of the diplomats of the three great powers towards this purpose. Only in this way can we confront England, be it in a settlement or in war. England is going to be a hard and astute opponent in this game of diplomacy.