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TUB SUN AND NEW YORK HERALD, WEDNESDAY, MAY 5, i920. - . . .- . . .' '" ... . . . . - I v 1 11 I it u Your Imports Distributed from the Pacific Coast WHEN the ship carrying your imports from China, Japan or other Far Eastern coun tries docks at San Francisco or Seattle, an important part of our time-saving service is to provide for the direct distribution of the cargo to 'various points in the United States, as may be desired, Long hauls by -rail , are thus often eliminated. , Our branches at San Francisco and Seattle (America's gateways to the Orient) are equipped with every facility to render invaluable aid to American merchants and manu facturers in this connection. Shanghai Pari. BRANCHES AT Tokio San Francisco Yokohama Seattle) OFFICERS Charles A. Holder, President T. Fred Aspden, Vice-President E. B. MacKenzio, Secretary & Treasurer ParkUnion FOREIGN BANKING (HRPffittf ION 56 Wall Street, New York Paid Up Capital and Surplus, $2,250,000 30 Years in Export Banking HOESOMQltt TO RECOVER TRADE Popression in Business Fol lowing Armistice Has Been . Overcome Local Indus tries Gain. ft Intimate knowledge of the needs and habits of the people, acquired by years of experience and actual residence in the countries themselves, is essential when transacting business abroad. Our 23 branches in South America, 8 offico'i Europe and direct connections throupnou. the w a in world round out a service broad and comprehensive in every detail. Anglo-South AMeW&S UANK, LIMiTEI New York Agency, 49 Broadway Head Office F. C. Hardin. Aitent Capital and Rin London Alfred Wlnstanley. Sub-Area. Over J8t.000.000 Howo Kono, China, April IB. It Is doubtful If thero la another Important port In the world bolonBlntt to a Power concerned In the Great War.whlch has readjusted Itself so readily and. easily to post-war conditions as Hong Kong. While the colony waa directly concerned In hostilities only to a limited oxtent, its. trade and very life have, been pro foundly affected by, the struggle. On the other hand, since Its trade and gen eral existence depend upon other coun tries and are In fact a reflection of general conditions In all this part of the. world, the manner In which It haa re sponded to now conditions Is most elg-, nlflcant 4r During 1919 there was a constancy expanding trade, constantly Improving j .ii.ii s.nnriltlnn1. an1 a. BOCUll Bull Jivm-v.." -""""i I .1. constantly Increasing confidence In the future. The general spiru u. slon and lassitude which characterized everything at the beginning of tt.o year gave way to a spirit ot optlmrsm and enterprise, and In practically every line of business there Is evertf prospect of a successful future. On tfc whole the year was, a gooa ono In a business way. Trade was not so - i. ta4. iiiiv Imv.i In fiOme of tho more or lesa stapleHnes, but on the other hand there was a special de mand for other South Ctlna goods' which was very satisfactorA Tho year's record exceeds In voJuo that of 1918, I. H n V, A -,, nf nrnfltn thern Is mint) 11. ' ( w - ' i nothing to complain 'of. The depression . In some linos of y.-afle which followed the armistice has, been overcome, and, stocks acquired a, high war prices have been worked off successfully with a I mlAtmiim nf ffi If ftflV ftt all. TTlO maintenance c'C prices, where indeed prices did not advance, enabled dealers In almoot all, 'lines to conduct a success ful year's bnalness. With very few ex ceptions, local industries had a very successful year. The cofany In general haa found Its feet after tne war and bids fair to main tain Its 'hold upon the great trade with all this part of .the world which haa made 1t what It Is. In social and poli tical lines, too. there has been an awak cnlnjj. The colony now has in hand mora public Improvements, especially of th sort that work for general social ad vancement, than ever before In Its his tory. There is more of a eplrlt of general ' nrrirrf99 nhmnd thnn hfta heen notfvl for many years. The reaction from tho war Is In full swing, and there Is every rea son to anticipate that It will have notable results. CHINAS--CUSTOMS SYSTEM GROWING MORE SCIENTIFIC Practical Explanation of Methods of Levying Duties Made- .by Expert for the Benefit of American Traders. NEW-MARKET OPEN FOR D. S. EXPORTS Olympic Games in Historic Antwerp Many tourists will go to Antwerp, Belgium, this summer to watch the Olympic games, most far-reaching of international athletic events. To these travel ers, as well as to others visiting the historic Flemish city, the Antwerp branch of the National Bank of South Africa, Limited, offers an unusually convenient banking service. Particulars regarding the nalun , and extent of this service may be had at our New York Agencj. National Bank of South Africa. Ltd. New York Office, 10 Wall Street R. E. SAUNDERS, Agent. Total Resources over $287,000,000 BOMBAY (India) LONDON ( ngland) AN WERP (Belgium) KERB STEAMSHIP COMPANY Incorporated REGULAR SERVICES and FREQUENT SAILINGS From New York, Philadelphia, Baltimore, New Orleans and Galveston ITALY SPAIN PORTUGAL FRANCE BELGIUM SCANDINAVIA FINLAND to GERMANY POLAND HOLLAND CHINA JAPAN INDIA BRAZIL ARGENTINA Trlnclpal Office 17 Battery Place, New York Telephone: Whitehall J00 Branches Lafayette Building .......... Canal Dank Rulldlng ---------- American National Insurance Bulldlnr - - -12; S. La Salle St. ----------- Merchants Exchange Building ------- 7 Hue Scribe - - - - - -- -- -- -- 21 Cours de I'lntendanc --------- 2 Qua! Ortelloa ------------ is Rue riov - -- -- -- -- -- - PHILADELPHIA NEW ORLEANS OAI.VESTON CHICAOO SAN FRANCISCO PAR1B BORDEAUX ANTWERP GHENT Far Eastern Trade Notes. The monthly Increments by which Japan's advene balance of trade has rapidly mounte to an approximate total of 1130,000.000 for the first three months of 1920 were roughly 114,000,000 during January, $48,500,000 during Feb ruary, and 167,500,000 during March. This Is one of the principal factors behind Japan's financial disturbance. An activity In the Japanese cement market early In March, unusual at that season of the year, was reported by Consul General George H Scldmore. In 'View of the prospects of an Increased demand to meet the needs of the ex tenslvo construction of factories and other buildings, apeculatprs were evi dently buying up air the available stocks, which were not large, since manufacturers generally disposed of their output the latter part of 1919, at from $3.49 to 13.93 a barrel. A sudden rise In price to about 17 a barrel was the result The present annual produc tion Is estimated at from 6,000,000" to 7,000,000 barrels. As the demand for cement In India has considerably Increased with the projection of numerous irrigation and harbor construction plans, and the ex tensive building operations, and as, at the same time, importations from Eu rope have been restricted, owing both to the increasing dally demands and the prevailing high freight rates, sev eral concerns are Investigating the posslblltles of increasing the output In India, as the prospects for cement manufacturing there are said to bo distinctly good. It Is believed, according to Vice-Consul Carl C. Hansen of Bangkok, that there will be an Increasing demand In Slam for brushes, especially tooth and hair brushes. Bristles are not listed among the articles Imported or ex ported, and brushes are not manufac tured In Slam, the supply In former years coming largoly from Japan and the United Kingdom. However, cer tain American makes have recently be come so popular that supplies aro not always equal to the demand. That Investments In public service corporations In (Thlna which do not re quire Government loans are not always safe Is demonstrated by the fact that although an electric light plant has been Installed by Japanese Interests In a cer tain city In China, so many Chinese In stalled Email gasolene or kerosene driven units and sell light to as many of their neighbors as can be included on the circuit that the financial future of this municipal plant has 'become problematical. The Chinese laws provide that all agreements or contracts regarding mines, railways,, or other public prop erty, made between provincial authori ties or Chinese private Individuals nna foreigners are invalid unless they have received the sanction of the' Central' Government, in Pekln. Misunderstand ings have arisen on the subject, and hence Acting Commercial Attache C. C. Batchelder suggests! that all Americans who are Interested in such matters should take steps to become thoroughly familiar with conditions before taking any definite action. -The principal waxes required in the Najroya consular district are stearin and paraffin, and as these have been imported largely from the United States In the. past. American exporters may be Interested in the fact that Increasing quantities of stearin ore now being re ceived from Australia and of paraffin from the Dutch Bast Indies and British India, and that the oleln is also In de mand for soap making. American Motors for Stancharla. 1 Mukdin, May 4. American motor trucks will soon be furnishing Manchuria with much needed transportation, for ConsuKIeneral Baker has resigned from the American consular service to form a 8 In o-American transportation com pany, which will operate a line of motor trucks fee twee n 8immln-tun and Cheng-chla-tun. Another company is now placing m operation a fleet of Ore five ton motor trucks to ran between Chang chun and Harbin. Dy G. PAS8E1XI, .Written Especially for Tub Sim and New York Herald. Tho systems of taxation in vogue in China for levying duties on Import and export goods as well as on tho Internal trade of the country, form the subject of a very Interesting study, as their characteristics cannot be properly de fined without Introducing many singular traits of tlio history of her foreign rela tion But It would not be within the scope of, this article, which is written for practical purposes, to dilate more than necessary on this aspect of the Impor tant question. Tho working of the sys tem Itself, In its odd details, Is In general little known by the foreign merchant, who Is only concerned with the amount ofduty that he has to pay and does not Vorry about the manner In which the expression of this amount Is arrived at The knowledge of the Intricate meth ods of taxation existing in China to-day may, howover, be of use to the American business men wishing to extend tho scope of their activities to China, partic ularly to those who will eventually pene trate Into the country to cooperate with the Chinese themselves In the develop ment of her resources. In the early days of foreign trade re lations with China no fixed system of taxation existed and foreign merchants were compelled to go to a great deal of trouble and had to stand for all sorts of vexations from the unfriendly mandar ins In order to trade with the few native merchants of old Canton, who had been allowed the privilege by the rapacious officials. After the war with Great Brit ain and the treaty of 1812 foreign mer chants began to enjoy a certain amount of freedom and were allowed to deal with tho najtlves without unreasonable extortions or undue Interference. It was not. however, until 1862, nt the time of the Talptng rebellion that the status of the foreign merchant was well denned and a system of uniform taxation Introduced. The officials, fright ened, by the unexpected spread of the Talplng uprising. In their anxiety to fly to safety, did not forget their ma terial Interest, and before leaving their posts they arranged with the Consuls of the nations Interested, for the col lection of duties on tho basis of "a moderate 5 per cent" Tho system, how ever, notwithstanding the strict ad herence to their obligations on the part of the foreign traders. dlanot prove very successful, and one year later In 1854. the Chinese authorities consented to appoint a commlBslc-n of merchants to supervise the customs. This commis sion was composed of an American, a Britisher and a Frenchman. Under Foreign Control. These are the origins of the "Chinese maritime customs" as ex isting to-day with a mixed staff of foreigners and Chinese, pracll-i cally under foreign controL In 1859,1 after a series of peculiar incidents, thej rule was enforced that a "uriusn sud iect shall be selected for the post of high officer to administer a uniform sys- tem of customs at the ports and tot supervise the service of lights, buoys and beacons." The first Inspector-Uen-eral, Mr. Lay, Is responsible for the (D..tia n rrvntA' nnrl 4hA "tftrlfT of itua va a " - 1868, still In force to-day for exports from China. Treaties with foreign pow- trs allow the Chinese Government to reduco this tariff, but no power ,1 granted to Increase It The tariff for goods Imported Into China from forelgjn countries was established In 1842, re vised In 1858, and was In force unf.ll 1901 at the time of the Boxer rebellion. An Indemnity of 4ti0.000,00a taels fas imposed on China at the time as a rtnn lshment for the support given by 'the Chinese Government to the above Men tioned uprlsinsr. It must be menttjoned here Incidentally that tho United Slates' share of this punitive Indemnity was returned to China a few years later by the American Government and wba ap plied to defray the expenses for Uie edu cation of Chinese students In thli coun try. The security given by Crlna for the payment of the huge sum sras the "revenue from the Chinese maritime customs" and consequently thi foreign Powers In order to enhance the value of that security allowed a newf revision of the obsolete tariff still baseon prices for commodities that had txlen ruling forty-three years before. AW the time an agreement was entered Into with the Chinese Government stipulating for the revision of tho tariff every ton years, in order to allow of a revenue j to the cus toms based as nearly as passible on a "5 per cent." But It was only in 1918. seventeen years later, that the foreign Powers consented to a revision to com pensate China for having entered the war. The new tariff is Hasod on the prices of commodities rusting In 1912 1916, and China Is therrtaore far from geetintr even now the fujlt "5 per cent" duty. A More Scientific Tariff. In the new tariff attempts at scien tific classification have jbecn made, but Depreciation of American Dollar in China and India Makes a Field. have not been carried too far, ao their introduction would have puxiled the Chlneso merchant accustomed to the old schedule. ' Tho American tariff is based on tne ad valorem principle and tho correct value of tha (roods Is ascertained by a staff of experts residing in for eign countries constantly checking; the cost of products ot their ori gin. In China tho majority of articles pay a fixed rate and the application of the tariff gives In this re spect little trouble to, merchants, while a practical solution has been found for tho assessment of tho ad valorem duties, valuations being based on tho c t. f. prices for goods as appearing In the original' Invoices. When contracts can bo produced to thu customs authori ties an addition of 12 per cent to tho price is made to cpver freight and charges. The system Is far from being satis factory, 'and while it is the best that could have been devised under the cir cumstances, It frequently gives occasion for disagreements. It Is peculiar that while disputes of this kind are settled in the United States by customs courts, In China In the board of arbitration tho interest of the customs, and, there fore Chinese Government's Interest, is in tho minority, as two of the three members represent foreign Interests. Tho duty on goods borne In foreign bot toms and Imported Into treaty ports is subject to the revised tariff. In case goods are reexported from one treaty port to another an "exemption certifi cate" is issued by tho customs, enabling' tho merchant to reexport the goods free and to Import them elsewhere In China without paying Import- duty. In caso of reexport abroad the refund ot the full amount of Import is obtained for goods In their original packing. This provision automatically makes ot the whole of China a free port It is when goods have to bo moved from the treaty ports Into the Interior that difficulties are encountered. It Is said that tho so-called "ltkln" In China Is one of the strongest handicaps to the development of the trade of the country. The "llMn" is the duty to be paid on goods at every provincial barrier. No fixed tariff exists for the levying of it, as It is within the rights of the provincial authorities to tlx their own schedule. Many efforts have been made for the abolishment of this relic of ancient times, but have eo far proved unsuc cessful, as the Chinese Government could not deprive uie provinces of this large source of revenue without offerliuf a substitute. Foreign merchants have, however, tho privilege to move goods Into the Interior without the payment of the llkln. but by tne deposit of a sum corresponding to 2 per cent ad val orem, enabling tnem to obtain through their consulates the so-called "transit pass." Free List Is Ilestrlcted. With regard to exports from China, It is well for the American business man willing to go and look for his goods In the interior to know that . pass" allowing him to avoid llkln can tbe obtained from the Chinese nuthorl- companled by a statement as to the quality of the goods and the place where they are to be purchased, and a deposit of a certain nmoiir.t to- cover the duty' payaDio. ine only goods on the free list In China are gold and silver bullion, coins, books, maps, periodi cals, plants and cereals. Those foreign countries that from their geographical position have a land frontier trade with China, like Russia In the north, Japan nt Antung and France In Tunan, are granted a reduc tion of one-third of their Import duties to cover the heavier expenses of trans portation. Great Britain has never claimed such a privilege at Hong Kong, but as Hong Kong is a British colony goods shipped from the port hm con sidered as foreign goods, and they enjoy therefore the privilege of the uniform revised tariff and of the transit pass. It Is for this reason that Chinese mer chants in many Instances send their goods to Hong Kong to bo reshlpped to treaty ports In China in order to be able to claim the privilege accorded to for eign goods. Both Chinese and foreign Industrial concerns can obtain tho ex emption from all other duties by paying to tho proper Chinese authorities 6 per cent ad valorem on their output at the moment of production. Besides the maritime customs China possesses a complete system of native customs of her own, relics of the old Chinese system and still operating In the case of "Junk borne cargo" from unopened ports to unopened ports. Their tariffs are not uniform, and although not as vexatious as the llkln, they are the cause of many complaints and delays. The native customs operating witnin a ramus of nrty li (seventeen miles) of the treaty ports aro controlled by the commissioner of the maritime customs. The present depreciation of the Ameri can dollar in China and India la opening n irrent markets for American export, eccordlng to a statement by the National Foreign Trade uouncii. ruruiii the native buying power has ihore than doubled' In the last four years. In China alone It Is estimated that 150 Amorican firms have established offices slnco the war. The older established firms, both European and American, are not worrying over tho possibility of In .AiiA -nmntililnn. There la tflenty of room for all that may wish to come; but the general belief is mat ine newcome have not the necessary patlenco to deal with tho Chinese and to wait two or three years for definite rewitts. In a recent Interview Mr. lieu En Yuan, the Chlneso presldont of the new n.. AA.i.n TtnnV fWlnred : -"Both OIMU-AUIIVI ' In tho Chlneso Government and outside It is felt that small dependence can uo niox.,. nn Amprlcnn business or financial policy. About once In every five years American men of business Decomo .mol ested in China, but this Interest does not last long. Something always happens to frighten the bankers away. First It is a ohange In political affairs at nome, nm International politics are lo blame; then nrmln iKn VlialnAfl mn ntvl fln&nClal rOP- resentatlves sent to China become Impa tient at the delays ana intrigues niwuya present in Chinese affairs, grow tired of the interminable negotiations, and go home." China, with Us awakening population of over 400,000,000, is a field that the American manufacturer cannot afford to neglect Tho future possibilities of Its markets are so tremendous that they readily merit tho study to be given them n ff.A aavantti natltnnl fnrlfrn .rarld . b tllU UJ , aw. f" " ' convention to bo held In San Francisco; May 12-15 next. Both Chinese and American experts on Oriental trade will bo on hand to supply Information and advice. COMBINE TO 'AID RUSSIAN TRADE Two Strong Crganlzationa t Here, Ignite. Announcement has Jjust been made of the amalgamation off the Russian Eco nomic League and th t American-Russian Chamber of Commence tinder the name of the latter. This (marks an Important step In the promotlctd of future commer cial and Industrial reflations with Russia. The work of Uie American-Russian Chamber of Comnnrce is well known. The Russian Econwmlo League, formed by Important Russian business men In this country, whllei'less well known, has performed Import fnt services In fur nishing reliable iconomlc Information and bringing arjmt contact between American and Russian firms. By com ing Into the Ame tf.can-Russ.an Chamber of Commerce trwse representatives of Russian trado ard Industry bring to the organliatlon thfflr intimate knowledge of Russian economic problems and will therefore add toithe effectiveness of the organization. ' William C. Redfleld. until recently Secretary of Cfcsnmerce, is president of tho Amerlcan-IfiiBslan Chamber of Com merce, and S. IfR. Bertron of Bertron, Qrlacom & CO. is the chairman ot tne executive comjnlttee. Its membership includes a ntrAtber of the most import ant business men and enterprises, who reoornlze thef growing Importance of Russia as an Kmerican problem and the necessity of kijeplng In close, touch with economic de'nslopments there prepara tory to futuiri work. The headquarters of the Amcialcan-Russtan Chamber of Commerce ai In the Woolworth Build- Inc. f I Far EsJ it DoylnE Jetrelry. Travelling representatives of American Jewelry hoi.J;es report a largely Increased business in J all lines ot the Jowelry trade all over (lie Far East especially Jn watches Ptrid clocks. Heavy buying Is reported, jlirtlcularly In Japan, whero it Is stated 6hat In addition to the greatly Increased Import of watches for use in Japan Jts-ilf large Importations are being made foiS Chosen, where a new tariff schedule jkoes into effect In the course of the current year. Similar iaereases in trade Inji Hongkong- also are reported. JAPANESE WATCH EXPORT PRODUjCTS Seek to Protect Good Name of Manufactures. Special Cerrtnondenet to Tns Sox ikd Nsw Tosr HiijvLD. Tokio, April 10. The Federation of Pencil Manufacturers' Associations of Japan has Instituted a system ot exam ination of all pencils for export to elim inate the possibility of Japanese pencils getting a "black eye" In the markets of the world. During the war and since the demand for Japanese manufactures In all parts Of the world hail been nn trrc-nt flint mnnv manufacturers took unfair advantage of tYin alfiffltltn aA ntilrtnA mii.k u t .1 dlso which was disappointing to buyers. Scrunuloim mfl.niifitrtiirir nrimlt M charge and offer no defence for their erring oroiners, wnom tney say have their counterpart In every country In the world which hn. hwn ahfnntntr Japan during the same period. They say, however, that this practice on the part of Japanese manufacturers has been more wMelv advertise., than ih.,. -.. vaivog vi manufacturers In 'other countries. other associations of Japanese tnanu- ffll'tllrera r nnn -Mrln n- almltn. i - -(. A,.A...AM,4 1IUU1.I and tha Craambers nf rrtmmowA .M terested. Representative men In Japan- AmA " I A A -Mr -.A M..1 a' japan- to snaicate ruu value. I , Bit? Rte Ifleld Promised la India. A yield J per cent greater than In 1918-19 (a. Oredtcted of Indln'a t-i- i.. ' - 4VU IIU1 vest for the season of 1919-20. This Is the finol official estimate, based on re ports received by the Department of Statistics from nrovlnre wMM. tain 9 per cent, of the total area under rico in unusn inaia. -rno area Is but 3 per cent larger than In the preceding year. The total area renartivl la i us ivw - - i - .iMna.wi acres, as compared with 79,608,000 acres for 1918-19; tho total yield Is estimated at 35,718,000 tons of cleaned rice, as against 24,651,000 tons, v y , Oar 11c Barred From Temples, Signs before some of the Buddhist temples In Japan read "Garlic and sake aro excluded from these precincts." GIVES WATER POWER TO MAKE FERTILIZER Dutch East Indies Govern- ment Makes Con cession. A concession has Just been granted by the Dutch East Indian Government to L. A. Sand, a Norwegian residing at Pagl- laran, Pekalongan, Java, allowing him to divert the whole of the waters of the Mocsl River at or near the village ot Despetah in the residency of Benkoelen, Sumatra, through a proposed short tun nel under the Barlsan range of moun tains and thence into the Indian Ocean a little to the north of the port ot Ben koelen. The concession has been granted pri marily for a period of forty years and for the purpose of admitting the genera tion of electricity needed for tho manu facture ot fertilizers. A yearly payment of one guilder per theoretical horse-power has to be made to the Government, beginning in Novem ber, 1925, the number of horse-powers being fixed at one seventy-fifth of the product of the number of liters of water passing the turbines per second ond the number of meters of static-head. The concession carries with It the ex clusive right to mine, for the purpose of manufacture only, 'the coal and lime stone known to exist around the proposed site of tho station, as well as tho right to build the forty kilometers of railway I't.ecdcd to connect 'the proposed station with the Poclau Bay of Benkoelen, un less the same' is built by the State, as In ell probability will be tho cose, the line forming part of the railway which will connect Benkoelen with Telok Betoeng, Palembang, Podang and Medan. AUSTRALIANS WAS" CACTUS. Pasture Lands Inflicted With Pest From America. . Queensland, Australia, Is resorting to chlorine gas, as used In the war, to rid Its valuable pasture lands of the prickly pear, or cactus, Introduced there from America about fifty years ago, Edward G. Theodore, Premier of Queensland, said yesterday. About 20,000,000 acres have become Infested with the pears and the problem of preventing their further spread Is a grave one. Tho cactus was Imported for use as a natural hedge. Arsenic has been used with partial suc cess but Is slow, Mr.- Theodore said. The Tremler is staying at the Hotel Wolcott and will leave for London in a few days. It Is understood that the Premier Is making the trip to London to obtain money from the London markets In order to establish Government steel and Iron works In Queensland and for tho develop ment of the country's railways, harbors and roads. He will also seek to make arrangements with tho Imperial Govern ment to accommodate returned soldiers who may seek agricultural land grants. DE0UGHT HURTS AUSTRALIA. Lack ot Water Affects Mlnln as Well as Farmlnor. Like the wheat harvest and tho wool clip, the mineral output of New South Wales In 1919 la expected to show con siderable decrease and mainly for the same reason tho drought says the Sidney Morninsr Herald. Water for mining operations was almost as scarce as for, pastoral and agricultural pur poses. ' Many mines were' forced to shut down or curtail operations. Reports of the Bureau of Mines in dicate a decrease of 19,462 ounces In the gold production. Flgnres for copper and stiver lead are not yet available, but will doubtless bo lower than 1918. South African Malse Area Less. Consul Fred D. Fisher reports from Johannesburg, South Africa, that the area of maize under cultivation this season over the Union of South Africa Is 21 per cent less than the previous season, the low veldt districts In' the Transvaal alone reporting an increased acreage. A yield of 12.807,400 bags of maize may be expected, provided the conditions under which the crops mature are normal. Usefal Product From Waste, It is reported than an Australian man- iiffif-tiiror hnn invented nni. nntntA,i new composition, called "Keltona," made partly irom woaio prouucis, wnicn can be used for veneering, imitation tiling, chair bottoms and for most purposes for which thin woods and stones are now used. The cost Is low compared to any of the materials for' which it may be substituted. The composition, which can be made from any vegetable fibre, takes a high polish. Japan Hotel Association ' In Japan Proper: CHUZENJI (NIKKO) Lake-aide Hotel; KAMAKURA Kaihin Hotel KARUIZAWA Mikasa Hotel KOBE Oriental Hotel KYOTO Kyoto Hotel Mlyako Hotel MATSUSHIMA r Park Hotel MIYAJIMA Miyajima Hotel MIYANOSHITA Fujiya Hotel NARA Naja Hotel NIKKO Kanaya Hotel Nikko Hotel In Taiwan (Formosa): TAIWAN RAILWAY HOTEL Taihoku In Chosen: CHOSEN HOTEL ' Keijo (Seoul) OSAKA Osaka 'Hotel SHIMONOSEKI San-yo Hotel SHIZUOKA Daltokwan Hotel I JOKYO Imperial Hotel Tokyo Station Hotel Tsukiji Seiyoken Hotel YOKOHAMA Grand Hotel In Manchuria: YAMATO HOTEL . Changchun YAMATO HOTEL Dairen YAMATO HOTEL Hoshigaura YAMATO HOTEL Hoten (Mukden) YAMATO HOTEL Ryojun (Port Arthur) FUSAN STATION HOTEL Fun an SHINGISHU STATION HOTEL Shingishu , Free Distribution! no-page Handy Guide Book to Japan. Apply to Secre tary, care of Traffic Department, Imperial Government Railways, Tokyo. The finest tea is Oolong The only Oolong is FORMOSA OOLONG TEA Your Grocer Has It -if he is a good grocer Financed Exports and Imports DIRECT connection's with stock holding banks In the largest cities of the United States and Canada. Principal Branches Brusaela, Belclum Buenos Aires, Argentina Ilarbln, Manchuria Havana, Cuba Manila, Philippine Islands Panama City, Panama Port au Prince, Haiti Rio d Janeiro, BraslI Santo Domingo, Dominican Republlo AMERICAN FOREIGN BANKING CORPOKAHON 53 Broadway, Now York ..Capitol. Surplus and Undivided Fronts over M.OOO.000 AUSTRALIAN NEWS. UBLBOtnunA Minister ot Defence Pearce, eoB-BvaaUiig ea Uw eaMtd rtport that tha British Air Mlniatrjr officials were surprised at Australia's refusal to accept the airships presented by the Ministry, declared that the craft ottered were not ot the type required. But Australia was not ungrateful. Mr. rearce polntsd out. The Teasels offered were small non-rlftd coastal balloons, known as "Wimps." ADELAIDE The All Australia Peace Ex hibition, the mast comprehensive display ot Its kind ever 'held In Australia, has been opened her by Premier Peak. Th most IntertsUns specimens of Australian made goods from the various States an on vlenr and the whole collection fives a food Idea ot th Industrial progress made by the Com monwealth. The display, which Is under the auspices of the South Australian Chamber of Manufacturers, will last eight weeks. SYDNEY The Pope, according to de spatches here, received In private audience Mar. Michael Kelly, the Archbishop ot 8yd- iney, who made a report to Ills Holiness on ...alilAiia l 1 ii . I Fn 1 1 . Un h tmtrt -Alla.tA..A and political standpoints. MELBOURNE Replying to a question In th House of Representatives, Sir Joseph Cook, Minister for the Navy, said that Aus tralia did not Intend to follow Canada's re ported exataple, namely, that ot rejecting IiOrd JelllCM's report. Inquiries In other quarters Indicate that Lord Jelllcoe'a recom mendations may possibly 1m modified tn favor ot an Increased number of submarines and aeroplanes for coastal defence. MELBOURNE Th e Houss ot Itcpresenta- For Your Trip Abroad Y0L'K bonking needs on your trip abroad can be met fully throifgh branches and connections of the Bank of British West Africa. Branches are maintained in Liverpool, Bradford, Man chester and London, Eng land; Cairo and Alexandria, Egypt; and throughout Morocco and West Africa. In France and Belgium our close connection with Lloyds and National Provincial For eign Bank, Ltd., provides di rect and complete service through branches in the chief cities of these coualries. JXfers of Crtilt end full informa-'icn rtiaraint this service mau be obtained from our .Yew York Atentu. Dank of British West Africa New Yerk ullke, 100 tesiar Sireel R. R. Arri.rar 1 . TlAMV W"TTH ( AStHS. lives -has passed without a division the Labor motion In favor of Introducing the Initiative and referendum in Australia. This proposal, which has been discussed In Aua tralla for some years. Is based upon the law at present In force In certain of the WeMfrn Amorican States. It provides for the Initi ation of legislation through the desire of Hip people expressed In a referendum, the Lec Islature bring compelled to take action n Ith In a certain specified time If the referendum Is favorable. MELBOURNE The price ot sugar haa been fixed at 12 cents a pound retail In An tralta, according to an announcement hy Prime Minister Hughes. The wholesale price has been fixed at 140 per ton (normally about 1238.11). Strong protests are belm; raised against ulml is described as tho heavy Increase In the retail price of sugar According to advices from Brisbane, the Commissioner, under the Profiteering act. has fixed the price for sugar In Queensland at 7 cents per 'pound.