| Show TR TRADE Ot RELATIONS S WITH JAP L 1 I has hos of the t be United Mates Show An All Increase In Both Imports Imparts And Ud nd Exports HER ECONOMIC CONDITIONS I Very cry Good Inked the tar nr lr Not Hav Iky Having t V VI lag ing I Them Very er el Materially Jan Jait 15 The state de tie department 10 has hs received an ni Interesting report from mini Mr Ir the to 10 dealing with economic conditions In iii Japan I Iund und her imer trade tlde relations with wih the tho United I I IThe Tho The nt year nou Mho I an Increase In II export of oC mid an out Increase In iii II Imports import of j the tho sauna 1111 period ill Il lie exports In SI II und timid amounted to and III J Ill the Ihu increase In III Imports to 10 tho the period 1 lod In review rolo exports to limo Iho United States were valued ut at lt 3 tC O i and attil ut II 1071 showing HH UH compared with wih the tho sumo santo SUtO period of oC 1902 1102 1 02 on aim CI Increase In II ox ex exports port portH H ot of and Ind an Increase In itt II Imports of ot Haw silk II wad wn tto ho principal item Hum Ium ot of export showing u ft 1 marked Increase e There was WIS a 1 re cc reduced dUCHI export of tea teu and amid Ind coal cual Kerosene oil leather heather tails ralis Hour and sugar eN Imported from tho the United States In Ill larger tItan than during the lip same lImO period lust hOst year cu while raw otte cotton forts declined With the lie proceeds ot of the hue foreign loan of o OO for tor which the customs re lC receipts trace worl pledged as ni security by this thU government time the latter luter repaid the thu money moncy borrowed orrol cl front from the tho Batik Bank of ot by which tho the amount of ot specie reserve hell held he by time the Central bank b was 18 augmented and tho hue expansion of ot con convertible COl I notes noes notel was suns checked The TIme total amount of oC tho the national debt of Japan at nl the Ito end of oC September er stood at 01 about making baking a a debt do per capita of oC about 46 War taxes axes have hae been Increased on onland I land In tiC Incomes business transactions mines l bourses bourles customs con of or woolen wolen textiles consumption than tion m of oC kerosene mimiC stamps while a anew 1 now new t of ot considerable revenue U ls I II found In iii II the thai tobacco monopoly Tha I estimate of oC time the anticipated wt lolL 11 Income hI como to be Lo derived from that source for far tho the year eur ending March 31 1905 Is I and II lt for the lie year ending March 31 1906 1 0 The rhe government owned railroads are aro valued by b time the ministry of ot finance at ul und mire lire estimated to bring In Itt a I net lIet Income of ot for Cor tho tIre coming coining year This nut Item tumid the to tu tobacco bacco monopoly are insects assets upon tipon which further foreign loans will be ho raised 1 At Atthe Atthe the Iho beginning of ot the war tho the specie re cc carte Jve In Iii the Milk bank of oC Japan fell foil quickly from front 5 In December to I 00 In May Mn when wilen tho thie Hint foreign loon loan responsible for Cor an 1111 increase to 68 58 In iii August and normal condi condition Ion tion Ionne The rho reports front from tho the antI Osaka clearing houses for tor October 1904 1901 show an 1111 Increase o of oC In the he value nhue of oC bills hills cleared over oVel the same month In III 1903 Although oter Ut er clearing exist nt lit Kioto V r Kobe obo and amid nd Nagoya n Mr Cr nil iou believes the tumid and Osaka houses indicate the trend of business In the lie country The Thin metallic currency circulation of oC Japan for Cor October 1904 shows a II de tic decrease crease of oC The fhe Japanese de tie department of ot finance estimates that at III atthe the tho end cud of ot October 1904 Japanese bank hank banknotes notes motes of oC the tho value of or about circulating In Manchuria and Korea Koren The fhe report says that tho necessary abandonment during the lie war tar by set sev mil leading lendIng Japanese steamship p lines I I mica of ot their services to foreign countries already has hail considerable effect In lit changing tho the channels of ot trade For 01 In Ill Instance stance lit thieve there has hi a been Iwen a 1 large Inree falling II ng ort oft in hiu the Importation of oC raw mil cotton colton from Crom India Imudia which was the thue principal source of oC Japans supply and amid which trade line has gone gamut to China Chinn ChinnA A striking feature In the tho Industrial history of ot during lie thu past hast year i In lii tho hue unusual abundance of ot nearly all 1111 agricultural products especially the lie un i yield Ich of oC rice estimated nt lit 2 tI bushels bushI for 1904 1004 tin mimi Increase I of us compared with tho the yield of oC 1903 1803 On Omi the tho basis of ot the tho present market of oC rice Mr Mm Inseam in ta intimated s that hint the Increased Income of ot the lie country from trout this source RO CO will bo be o over oer last year |
