Inspired by this article that strategos' risk posted about on the Other Place. In the aftermath of the First Sino-Japanese War seeing which was things were headed a group of local officials approached the British consul in Taipei to try and find a way to have Formosa come under British protection – ideally for a set length of time similar to Hong Kong – and also directly telegraphed London but were declined. The French heard about this and offered to take over the islands under a "caretaker government" but the locals, not trusting them, bluntly refused. With the Treaty of Shimonoseki having been signed the locals made one last attempt at avoiding annexation by declaring independence as the Republic of Formosa which lasted five months before Japanese troops took full control.
One idea I had was for the French – likely at the cost of a smaller indemnity – to convince the other two members of the Triple Intervention to include recognition of the Republic's declaration of independence as part of their terms, their hope being to bring it into their sphere of influence or outright annex it at a later date. Trusting the French as much as they did previously, and still fearing the Japanese, the Formosans start looking around for possible solutions. With Formosa now 'in play' thanks to obvious French interest, Japan still eyeing the island jealously, and Germany or Russia also a possibility the British government decides that the quickest and cheapest way to settle the issue is to make the Republic a protected state. Britain will take care of diplomatic and defence matters with the Republic otherwise being broadly internally independent.
One idea I had was for the French – likely at the cost of a smaller indemnity – to convince the other two members of the Triple Intervention to include recognition of the Republic's declaration of independence as part of their terms, their hope being to bring it into their sphere of influence or outright annex it at a later date. Trusting the French as much as they did previously, and still fearing the Japanese, the Formosans start looking around for possible solutions. With Formosa now 'in play' thanks to obvious French interest, Japan still eyeing the island jealously, and Germany or Russia also a possibility the British government decides that the quickest and cheapest way to settle the issue is to make the Republic a protected state. Britain will take care of diplomatic and defence matters with the Republic otherwise being broadly internally independent.