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“...the latest machinery and the most improved appliances,
and she is the more ready to avail herself of the world's experience
in that she is not confronted with the necessity, which lias to be
faced by her rivals, of having to discard previous costly equipment.
In the new markets which the war has opened at her door she
has in her favour proximity of situation and a closer touch with
the people's requirements, while with the additional advantage of
political control in Corea and in the case of Manchuria of temporary
military occupation, she is bound to prove a most formidable rival
in the coming struggle for the new trade.
Imports and As will be seen from the following table :—
c-sports. °
Value.
Tear.
Imports.* Exports.* Total. Excess of Imports.
1905 ...... 1904 ...... 1903 ...... 1902 ...... £ 49,871,587 37,902,576 32,374,250 27,739,232 £ 32,823,222 32,591,216 29,553,374 26,368,320 £ 82,694,809 70,493,792 61,927,624 54,107,552 £ 17,048,365 5,311,360 2,820,876 1,370...”
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| 2 |
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“...the seat of war in Government
transports do not figure in the customs returns.
Considering the war's heavy toll on the labour market, even
were the expansion no greater than that recorded in the said returns,
it could not but be regarded as highly satisfactory.
Just as the customs do not show the full amount of the exports
in their returns, so the real sum of Japan's purchases abroad must
exceed the recorded imports, as they do not include the war supplies
imported foi shipment to Corea and Manchuria, which did not
require further manufacture in Japan.
The large excess of imports over exports, due to a great extent
to the increased requirements of the war, occurred entirely in the
first nine months of the year, the last three months exhibiting an
actual decline in imports as against the corresponding period of
1904.
The subjoined tables show the gold reserve and note issue of the Specie
Bank of Japan and the balance of Japan's specie movements during p^t^n
the last four years :— of the...”
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| 3 |
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“...10
japan.-
be included in the customs returns, but supplies sent by merchants
for sale to the troops. In any event it may be expected that the
introduction of Japanese goods having once been obtained to
Manchuria and Corea, there will be a continued demand from the
native population in those countries.
The principal items which contributed towards the increase in
exports to C'orea were imitation nankeens and other cotton tissues,
cotton yarns and refined sugar, imitation nankeens and yarns
together accounting for nearly a third of the total advance.
United States. The United States has had the biggest share in the increase in
Japan's imports, namely, 4,714,000Z. or 39 per cent., her sales to this
country forming 21 per cent, of the total imports as against 15 per
cent, in 1904. The greater part of this advance is to the account of
cotton, but leather, machinery, and iron and steel manufactures all
contribute substantially. Petroleum, on the other hand, shows a
considerable decline.
...”
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| 4 |
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“...worth 224,000?.,
compared with 10,500,000 yards at 114,000Z. T-cloths and sheeting
also show a considerable advance.
The subjoined table gives the figures for the past four years :—
Yal uo.
Yoar.
China. Corea. Hong-Kong. India. Total Export.
£ £ £ £ £
1905 • • • • 470,000 557,000 105,000 5,000 1,173,000
1904 • • • 313,000 340,0j0 89,coo 11,000 790,000
1903 • • • 304,coo 246,roo 114,000 6,000 701,000
1902 212,000 272,000 101,000 4,500 611,000
Of the 470,000?. worth that went to China, Manchuria took
69,000?., North China 290,000?., Central China 109,000?., and the
balance of 2,000?. was sent to South China.
Owing to the Indian demand the export of cotton undershirts and Cotton
drawers once more exhibits an increase from 153,000?. to 172,000?. undershirts
The export of cotton yarns was greatly in excess of that of 1904, Cotto^Trns
and as far as value goes even of 1903, which was a record year, ° 0LI 7orns
although as regards quantity 267,114 bales were exported
last year as against...”
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| 5 |
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“...during 1906, there should be a corresponding increase of
some 100,000 bales. The following table sliowa the countries sharing
in the trade :—
Year. Value.
China. ! Corea. j Hong-Kong. | Total Export. 1 l !
190 i...... 1903 ...... 1902 ...... £ 2,463,000 2,890,000 1,790,000 £ 331,000 224,000 105,000 135,000 £ 96,000 275,000 193,000 97,000 £ 3,394,000 2,988,000 3,205,000 2,031,000
Export of
rice.
Export of
matches.
Export of
cigarettes.
Out of the total exports to China in 1905, Manchuria, North China
and Central China took 128,0002., 819,0001. and 1,980,0002. respec-
tively.
Rice again showed a great decline amounting to nearly
15,000 tons, valued at 103,0002., the total export being 30,890 tons,
valued at 319,0002. This decline has been going on steadily
since 1901 when the value of the export exceeded 700,0002.,
and as the crops in 1903 and 1904 were excellent, it is
evident that, leaving war requirements out of consideration, the
amount of rice left over for export after...”
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