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“...secondly in their reluctance to invest capital in a concern which will not pay large dividends immediately. But until scientific experts are engaged to give an opinion 011 the merits of mines, it is perhaps fortunate that this dog-in-the- manger policy exists and prevents a waste of money on profitless ventures. The machinery introduced through an American missionary at Hinghua for crushing sugar-cane appears not to have been suc- cessful hitherto, and the same ill-fortune has attended some flour mills started on his initiation. Missionaries.- It is impossible to close a report 011 the trade of Foochow ■ without a reference'to missionary work. The direct outcome of the Hwashan massacre was a large increase in the staff of the Church Missionary Society and of the Zenana Mission, which together now number about 100 missionaries. Simultaneously the number of Chinese who professed to be anxious to embrace Christianity was largely increased, and although the number of would-be converts has since...”