The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-05-20
Things Japanese.

The municipality OF Nagoya, Japan, VIII begin az
once TO construct water and drainage works. TO be
completed By 1915. at a cost OF $4,000. OF this
sum s.. 500 900 will be raised by a s per cent. for.
elVn loan, for the redemption OF which fresh taxes,
yielding $4,000 Il year, will be imposed The tax
collections. together with the pronts arising from
the watcrworks. will be reserved for payment OF
the loan. Japan does no wildcat financing.
Japan AZ per cent. second series bonds are now
nj a premium on the London market. says the
Anlo ,Jdpancse Gazette Of London and Toxic.
The s and q per cents. have been at a premium for
some time, as also are Osaka Harbor Works and
Yokohama waterworks6 per cent. bonds.
The Anglo Japanese Bank has been formed with
head once In England. Some Of tho best men In
Japanese financial circles are on the board OF d.
rectors. The capital Is si0.0OO,OoO In $50 shares.
Japan has confirmed the concessions granted TO
English financial Institutions before the war by
the Corean Government. Corea has great value as
a mining field. and under its wise Japanese conrol
the rights OF mine operators are being fully pro-
tected.
Fusan, Corea. Is coming rapidly into prominence.
not only as the terminus OF the Seoul .Fusan Rail.
way. but also as the site for a proposed large dock
yard. The railway company has partly concluded
arrangements for the building OF a large Iron works
there.
American locomotives of the Baldwin type are
being delivered In Japan, They are for hauling
freight. and are similar. except as TO gauge. TO
those supplied to the Central Of Georgia Railway
Company. They are fully described, with Illus
trationS. In the Anglo j japanese Gdttns for April.
The Japanese state railways are earning w
per cent. net on the $40, $50, 600 capital Invested.
In 1904 working expenses absorbed 4A per cent
OF the receipts, az ainSt s. per cent. In 1908. The
total receipts were ST.. 467, 600, an increase OF S602 1000,
Passengers carried numbered 90, ri ,l9S, a decrease
OF about s.. eoi 900 owing TO the war. The freight
carried amounted TO SCOOPS tons. The decrease
in working expenses Is another evidence of the
rigid economy which the entire Japanese nation
pfactised during the war.
The Bank OF Japan earned 81 aOs.0 900 net pront
In the last half OF 1908 on Its si6.oco,ooo paid up
capital.
Trade at Yokohama has increased so largely
that extensive harhor Improvements are 10 he
made Immediately b" the municipality OF Yoko-
hama and the Japanese Imperial Government.
The work will cost 400. 100. and viii Include the
deepening OF the hGrbor. the construction OF
wharves, reclamation Of the %foreshore for the cree
ton OF sheds and warehouses and extensions OF
railway lines belonging 10 the Toxic Yokohama
Railway. II will he completed IN six years. Some
work OF this kind has already been done. at a cost
OF 81. l5o.o 01. Question-Where did Japan get the
money TO do this. and the railway construction
and other things we have heard OF. while a costly
war was on her hands: The Increased facilities
Will attract vessels trading between America and
Asiatic ports Of call for the purpose OF taking in
coal. provisions, water and other nccessaries, II
Is also thought possible. after the completion of
the American Panama Canal. TO make Yokohama
a rendezvous for vessels from all parts Of the world
and enable Japan to have a big nnger in the for.
eign trade pie OF the Far East.
Kobe harbor is also to be improved by the Japa-
nese Imperial Government. a. an expense OF 81 $780,
900. as the trade OF that port has also greatly
increased.
Railway construction In japan is astonishingly
| cheap. the average cost per mile being $4,000, COM
pared with sson,ooo In Great Brtain.
Japanese electric lighting companies, with CAPT
tails of from s30o. 900 to s. 500. 900, pay dividends of
from IL to 20 per cent: electric railways pay from
s to 10 per cent: shipping and dockyard stocks pay
from IL to IS per cent; bank stocks pay from 8 to
~ per cent. except the some Hundredth Bank"
which. on a capital OF $4,000 preserve ss+s. oo0
pays 30 per cent; gas stocks pay Is per cent: steam
railways pay from @ TO 10 per cent. The best OF
all are the Industrial. particularly textile, COM
panies. which pay from 10 to 70 per cent, four the
latter ngure.
Japan is allowing merchandise Of all kinds, ire
spectIvc OF nationality, TO enter the por. OF Dalny,
Manchuria. free of duty.
The Japanese torpedo boat destroyer HayakaIe
was launched from the Osaka iron works yard on
March 10.
Japan permits foreign ships to enter Ia tung
kau before opening the whole of Manchurla to
foreign trade,
Japan and Turkey arc likely TO conclude soon
their long talked OF commercial treaty.
Kobe. Japan, is to lose Its Swedish Consulate
General.
Toxic municipality Is negotiating with an Ameri-
can syndicate for a loan OF sS,0oo,on for harbor
improvements and waterworks extension.
midas younger generation Is ambitious 10 visit
Japan and 70 be educated In technical arts at the
Japanese universities. Books written In English
by japanese authors and English TRANSACTIONS Of
Japanese novels and serious books are fast com
ing into favor. Japanese visitors 10 India are
warmly welcomed. Articles OF Japanese manu-
facturc are preferred over articles of British or
II il proposed In Japan to reduce the size Of the
most common silver coins In use BY about one.shird.