Show I IN r J 1 THE TH E NEW N EW JAPAN Report Shows How the Country Has Prospered 4 I COUNTRY GROWS I EMPIRE IS ASSUMING INDUSTRIAL 4 E EW YORK March lauch itS N consul for Japan at 1 York has received reports rr Toko Tokio deall with the foreign trade t tN this N his country for fOl last year and the derp Mont ot of its Ita The reper reports l shoW showed that Lu bOth nerds fleSh there had haC hen aeb gains over previous years Tb on 0 t lt foreign n trade naya eay The trade ot of Japs JapaR for last has a shown the largest t figures ott on the total amount or of exports and ancl having exceeded yen In Following are alt the comparative for tor the last five years Total Excess of Int li Years ports and ports porte over Exports yen YeA 3 37 7 yen e yen yin n yen yen Jill 9 S yeti yen W yen lilT yen yea IU yen Money Has Been Scarce Although It III ii a fact that the economic oo of ef the empire during the last few years vears has baa been much disturbed by tightness of the money market advance In Interest and aad crisis In financial the foreign commerce of the country has made madd rapid progress not being bam reC b by those unfavorable cIrcumstances at a acan can an be seen from the foregoing figures The contin deeM ears of imports over exports I ii due clue pertly partly to t the remarkable progress of enterprises and pertly to the therise therise rise In the standard Mandant of living in 10 general since the war and aDd especially In list to Ute the excessive he Imports in an t of the enforcement of the high higher or er tariff lit the year 1900 a reaction of the previous condition on one hand haud and an extraordinarY fa favorable condition of Ute the raw silk trade on the other accounts for fer fora fera a comparatively email of imports Over exports and In the last year th the excess was red reduced to so small an amount that it if there had not been un Unusually usually large Importations of sugar a and d owing to the tha law Jaw increasing the duties on those articles article opera tive in that t veer the helene of trade might ihn have been favorable to t the coen try The following table shows the steady Increase or of exports during the last Jut five 16 years Year E Exports port 1991 1101 yen y yen n 1501 JU yep yg 1118 1 yea yen ExportS Grow Past Fast The article of export was raw silk which amounted In vale valete to yen last lut 1 year and the next warn the silk elk valued at you eft Tit Th came cotton yarns yarDS aa yen e and an copper yea Seek large of expOrt bust business especially ot raw as attained la last t year has baa no f JR the history of Japans trade TIle The disturbance IlL iii north China which roe to commerce with that CountrY Mv In lug been settled and eon dence the trade hi that Will I as Hormal condition and there is a Yell ferY bricht outlook for the future Under these cIrcumstances there seems to be no DO doubt that Ute the balance of trade will wOl be turned In Japans favor In the course of the current curreRt year While the export trade Is continually expanding too the impOrt trade has a Might tendency to as shown hown by the rot lowing table tabley y Years ImportS 1901 1501 ii yen 1100 S yen Teat 1910 y YOS 1905 yep yen 1507 M Ten TenN y N Notwithstanding the fact that th there was waa a 5 speculative Importation of certain classes ela ees ot of goods to the amount of tOO e yen n during last year on acro account nt of the enforcement of the new MW tariff the total tol value of Imports was less than the pre preceding ceding year Imports of Temporary Goods Though b the volume Of 01 rade does not shown much Increase its ItIS ten teft d C cannot be said Ild to be r ve but on the contrary It would be prOper er erto to saY that Japan has returned to tAW tM normal condition of trade trad The OUK on of Jm ort imports over exports has boon been caused b by the excessive Importation of articles for temporary use Ulle the pita dual cipal articles In durin during last Jut year Tear were cotton to the value r of yen ten au sugar r yen petroleum um M yen ma yen en and rice yen In short Hort the foreign trade of Japan for forthe the last year showed all an extraordinarily large figure In export trade its lii total vable exceeding bt the year hp bJ IM tOO YM yea while Its imports Import I w were u Oi IBM ieee than Ute the preceding In year The principal imports which decreased m value were cotton prints do de dolathe lathe tolls ranI Ir Iron n steel rice and The on railway development shows since lace th the government constructed its ita first line oe of mi miles I rote I Yokohama to In urn 1812 the great line of 1 10 mU miles has hall been bren built slid and Ute the total mileage In the country In increased creased to which In 1900 1109 handled O passengers Mod and tons toni of freight Of the total mileage ua 2901 ml mla a are owned by private corporations and andI I 1 by the government which was t the 1 pioneer Lu ID the movement nt to give ghe the coon try tM modern modem land transportation No constructiOn was done dont until when the bad Ill miles of I railway I lI under operation r and it was ilot 1 n t enterprise to lead Effort Too The railways now In operation cost coat according to the report port the sum of yen While the private systems ap expenditure construction for to date of yen TIM The government now DOW hate 1 under Jines iines that will cost yell and aDd the private have work that will cost coat yen e The t thai iS classifies tire the capital of the I railroads railroad Storks Stocks yen eQ boda yen other liability yea It yen to the reports made on the railways a at the end of the year UI 1900 the gr earnings of both government and for tor that year fal was yen the gross expenditure fon and the nit t profit y yen n At tilt end Of I 1 tim state Rate had bad 1017 mIles mUes of ef Itne Its endor and the private companies had d 17 miles projected th the I of t this and the s q year Tear Will be large TM The people of the I country d the construction of tb the FIrst line froM Yokohama to as a dangerous thing aDd anI It was l several years year before public opposition to the innovation wax waR entirely Bond is issues U eS for railway construction were opposed but the government insisted on Its polk and finally won general support At the end ead of 1900 on aU all lines there were boos motives passenger coaches and 1831 I bt cars can In ID We use |