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“...doubtful if there is much more land available for agricultural purposes.
Moreover, a progressive country which is gradually cultivating a taste
for luxuries cannot go far without industrial enterprise, and of that
there seems to be little, in spite of official encouragement. The
Government, however, is endeavouring in various ways to awaken
the energies of the people, and is assisting in the development of various
undertakings, such as cotton growing and sericulture. Such mills
and factories as exist, namely, rice mills, brick factories, tobacco
factories and iron works, appear mainly to be worked and owned by
Japanese.
The slight increase in the export trade as compared with 1911
is fairly evenly spread over all the items in the export table, and there
is no development calling for special comment.
Rice.—One noticeable feature in the export of this staple is that,
whereas the quantity exported is about 1,000 tons less than in 1911,
it is valued at 228,0002. more. This is due entirely...”
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“...number of places, but in a very small way, all using the
primitive Corean mill with the exception of two Japanese who have
a five-stamp mill each. The rock is carried on men's backs to the
mills, which generally stand on the river edge, the power being furnished
by a water wheel. Both Japanese and Coreans, however, do more
in placer mining than in quartz or limestone mining, and they must
produce gold of considerable value. The principal mines are in the
hands of foreigners, and for the most part show great promise. The
chief mining concerns are the following :—■
Oriental Consolidated Mining Company.—-This is an American
company with its head office in New York. The capital is 5,000,000
gold dol., and last year a dividend of 15 per cent, was paid. The
company works six different mines and five mills with a total of 240
stamps, which crush about 28,000 tons a month, producing gold valued
at about 24,000?. The milling machinery is American, while the mining
and shop machinery is partly British...”
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