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THE SUN AND NEW YORK HERALD, MONDAY, JUNEJjWjgCl China's Cotton Industry Cotton manufacturers in China today own about 70. 000 looms and 1,250,000 spindles. These arc far from adequate to supply the domestic demand for cloth. If each person in China bought but one suit of cotton clothes a year, it is estimated that it would require at least 100,000 looms and 2,000,000 spindles to meet the need. Because of conditions in England and other former sources of supply, China looks to this country for cotton goods and machinery. 'n nvmliPR themselves of thii aa well ns of other Oriental tru V opportunities, American bujincsn men will find this Bant: throjgh its br.inch nt Shnnehal in China, as well pi nt Tokio and Yo'ko linma in j?xnn, prepared td render wide service in n'l finnnci 1 matters corii.ectfd with import and export tranwrtbu. "HUMAN HAIR TRADE 'flUTMi BECKONING ' MORE ROLUNG STOCK IN CHINA REVIVES UniM UftVmtfU , FQR mv ZEALAND ilN UNSETTLED STATE FOR IL 8. BUSlNhbb , and Great Britain Grows. 'FAR EAST SHIPPING Government to Spend $8,516," 575 on Equipment. Willidrawiil of nine Kmiiic Mho Affpels Wosl Const of Unilcd States. , IIon.ikonu. .lun-.' 1 -There has (),,0. unit il'S A (TOSS IllO , honn'iiiiiiK or a ipvivui oi iim riTi hi Hie liiiinnii h.Ur tnide in IFonKKonir foi , IowImk Increani'il ili-ma'iil fioni both th I I'nlti'il States iiinl (licat Hrliftln. I The 'toplix of tin ir in lloiiRliiini; nn- fniall Mini pilcrv, Imvi- licon iiilvniu'lni; rnthrr lapldls, ilrnun Ifc'.fi In'ina (pirilpil at eific Described li.v fnmmer cin! AUnclio (it I'okin. 'Dip Mililng situation In Hip Knr lint I lias been uiiBcttlPil nmslilcT.ibly j.'io per in i.j moiiTmIh. with ilrawn !'V l Hip milium,-.mi-lit (if Hip wlllnlrawal , at (SS0, I0OI nt U0. S-ll at S0. and fP I mumps at f.ii all r. n. u. llomiiiiyiy. 11 OH Is fl- U'AdHINfiTOS-. .Iiiiip 20. "It In tlniP fur Hip Amoi lean prnp.P to rp.-.llzp that l ih'niniiil f nun f. ii. h. t lif I'nltril StntC of Hip UIiip I-'iiiiiipI line, Hi clilf Hill l.-h uhlppln.-f Intprpfl In Hint parlor ino , ,mn ,.Xl.U(,h.,.v for ,nt. nf?pr, flwv world and Hip only largo frflltlit rar nlnu line under Hip Hrltlxli llajf m-rv- tni? Hip IMi ln-- ro.mt of tin- TnltPtl . StatPf. 11 l iiinli'iHtoiiil Ihat Hip with- I (irawal W .-ii i iiinp.inlnl In-rprlaln aqipp- HtniPiim, )V (Vliri luniuli It lfav llu-lr fiituip Hps In Kicat niMHiri' on j i'i I'.-iPlflr,' nays .Iiilpnn Arnold, enm- i. i.-iai allaplu- to ?VI;ln. I" a pm'ii Aitkmnp, Jimp 1. The Now .calami . (iopiiiiiipiit lias nnnouni'fd that l lie iailH department ivlll cvppiul abuur 9S.3lff.375 fur Hip piirchapn of rollllicr I stock for (iovpi nniPiil rnllrondx of thin Oomlnlon, covering W loromoilvej. !! I paimriiKi'r ram, 12 uialip viiiih and t W fivlxht caip. I It In aiiiioiiiu-pil that (lie tiovprnment propoM-.i to Invito timlprn In Ihicland for Hip iniiiiifiii-turp of lars'1 locomotives nnd V frplxht c-ara and ipiuIpih hi ......... . .,. uiihIhm r l.ir .i,n rrm 1 nrclmms ciuoii :fini.-ii.oy ine niirpaw ui i fnn Nhnrti-r aid1. Rradrx used moMIy ami Donio.'llc Commprcf, Pe- iinifiit ror liidni'li lal pnrpopH. ! of roininen p. "The opportunities of the 'I'liorp w.-ih a alr rpvlal of Hip trade. fntt,, ,tPH mi Hip I'ai-lflp an- with lam ,vp.-ir. aftpi- Us alniust complt'tp dp-1 , n,i, ., i,u ranMnllillltlP!i will Shanghai Paris BRANCHES AT Tokio Sun Frr.ncisco Yolcoharm Seattle OFFICERS Charles A. Holdor, Prsidon. T. Fred Aspdcn, Vico-Pror.iriunt E. B. MacKcnzio, Sccrotary Si Tiv.-iuror ParjcUnion FOREIGN BANKING CORPQR&TIO?! 56 Wall Street, New York Paid Up Capital and Surplus, $2,230,000 rni-rits it (Hi Hip llrltlsli-lnilla Rtramvlilp i fmni riii-hln lt old vulnniP of vnliio. Conipnn .'lid uIIipi- llrlll.di IntPrPsts Tlip total oxporlH of'huiunn hah' from (ciMr.-prnpil In tin- liicll.-i-UonRlntir!-Aiiir-I Hip i-ulnnv In l!d!, as chown by I1 'ii inidp as tu tlm m ilnti-nanrn of I Immlcttnif rl n i it . tt-pr? WJ.ra pounds, i-iIps which hate Iipmi or m-iy Iip i-nab- i talticl nt JIIO.'Ii, ns lompaipd with fx 'I.IipiI Ity Hip r(infpinpp IIiips. 110ns of 7(X.0i;i putind" valued at JJIO,- TI'p practlpal reni't nf Hip !tii hiikc- tl I In 1.1R Of tli pports In 1919 till' ini-nl Is that ilomlnaiil Hritlsh cnni'i-rns I I'nllPil sialps tuoli y!:S,r,91 worth, an lripslcil In Hip ti-.-iiisKiclllp tnidp iitp i ro.npai piI Willi a t ahip of ?IIO.Wi In 191S; 30 Years in Export Banking Intimate KNOWLedgk of the needs and habits of the people, acquired by years of experi ence and actual residence in the countries them relvcs, is essential whc.i transactinj busing! abroad. 23 Branches in South America 8 Offices in Europe Direct Connection i With ln:lh Anglo-South Americaf1' New York A gone, 5f) Broadway V. . Iliintliiu. 'ill. tlfrptl tt Innnn'pt , S i i-1 jai llrnfl (ifHi 1 'UKlnn :ili.l il ill'l llrn'lii'. Ml-I l-l". lllll 1 h I, it'illiiMI poulliU hlir,,il- innrn or ls fn-p In competition with Hip Shipping Hoard and other An"rl-aii . I in i-.H ciiKatfril in it, nnil that Uipi-p me hto (jroiiin of slilpidn-j ionrprn In the t'-inlp iiirajpj mure or li-s illicrlly ;n r"-nHI'iiii iiiiinn ii'-tl.n.il Unci The K-neral nhlnr-hi' sHunllon Is i-ithei- i.nfPtllPrt (Ihi-rw-lK. fprvlpi-x to llumpp nt Hip preyprl lln-e do not si-cm tu h" piolll-ihle. nnil IIipi-p has been cnnflilpniblp iiiipphIiim') iniioni IiiIpipsIs loiici-rn-'d In Hum .lapaiipsi lines In r.ervlep to I'urrpn for hoiup IIiup past i n port tli-it their iili arc not canvliiK hair iinir i- n or -n i-'ip-i' tales ii'p still Id-ill nnd uhliipi-i-H ImiII- ' lie lllll W-lp I'l.'t IllttPli'l Sulll -it hut n-rii-p Ir-ulp in'-.'l.' Ii" P'i'pp'eil, since IIiii '!il"f i-i'-p of -I i ':t!i.. ill sllli'iili-lils to !:uroiip ii 11- l-ljli ,.ii-n of l.'nr Mast 'it iiioiiui'i'i in ijur.ipean purrpiiri's '11ipi-p I,:ih bei.n no ilpflnit" break in !iiitp- to Cnrnpp I'm- the limp hcUr:, hut' j I.'rltl.ih anil oilier lines Insl.-I upon llu l nialiilenatire of rules as Hip foundation of any tidi ii-rile spi vlcp at all. A now I line- of Diiteh hnls Pas liepn p-labllshpil tin .i mo nllil-. i'-rvliv bptttprii Yol.oliaiiia 'anil Itotlnrilatn th IIoiiUoiik ainl J.ip. i anpse point". The rert!,-es of A i:iPi l--iii Shlpp'na . Hoard tP'Sp'M froin llonuknnK to (''- fullii ainl fi-oin llo-u.-ljonir lo Java lit v.av of K-iliio.i nnil riliujapore Wive bPen Kiicci-.-y riillt- In-ii , i nit oil anil unpie' iionnh't hip hatl'i-r -t Vpi- nrrat influ iiipp upon lh- inn picfle ppivIpps. I'iiIP thev h:it hprn In oporailnn sonii I line Ii will l,e l-nuosM'lil" to ,now Hfi" r full r." rt tin li I n'l-PHih ctldenl tin' Hip pprth-ps will be profitable In thp'r ceneral luflupfre nn freljhls to and from Hip l'n'lrd StatP, nnil thPfp sppiiis to br no ip-i'mii tvlt- oe houil not MTPPcd fl-ipuclall-. . The most Iniiiudiiitp i-ii in-e In the tr r'lsn'i'-in ippv'pps u ii.p aiiriil.in of two m- t, i pN- t-. itp arrt'ip. or th-1 Vlppon V-i-en Kal'lui fr'ini llonirhonir to the I'nltril SlntPft. Tlie rnnjtianv U now npjrairr tlia I-tishml. ICatori. Ka-sblin-i end Suva Jtnu on this roit TI'psp vcs-pls fo-mcr'v tt e-e na the lompatn's run lo IN-tnpc. hut nidv Inn nf tli tn in I lh i oniiirprrpnt of ,1-iiia. urfp law Hi tn iiliddles nnd ici-lved f! "ver itnc til Minpnit. 'rjn (ompaiiy Is lo add lo Ill's Hi-rv ,ln Tnjlma Aln rn a. "I the Tntnhahi Xlarn. Tbpre l enns'dern l-lp further pnorp - --n In .Ippanrs-- s'ii tttrr In sl -M of j ilieu niH'Cii i eme- invp leen cltpn I out 111 po npptlon it-1 h thp nnnnal ineet i 'S.' of .la ine-p rp"tnsht) rotmianlp" r." In rinrpPII"! It'i flpv-'nu-i' suh- odt IllattPrs T'ip cli p' KrP nf iIpvpI. epnient ,-ir In I'-" trail-pa -rip i-v,pj mil In the t-p.,n ,t'i Atrp-'pp" rvlc M 'nntnel 't'ne -'h t-n..if.r- '-ipw It Is ainoi-n-d th-t thp Tun Kin TC.il.olin ha m-rl d-'fli'tP irran-pupiil fr,r the ennyl'io-tlnn of pIpvpo nrtv vp fplftof which three are tn he eon-binn-, .,,r i r -.-1,' fi l h, teipp's, for "-rvirp hpttv-n lIoiiKlfon" n"-l V-i- j paraitn v'a l.i,aipf ports Honolulu I 't'd (i'V... I nvti Th -erv Is n-iw Iipi r .ifforded bv Hip ICitn. A-vo i -trt! i-hi hit I h"4p so' -s nio h. - I romiui: loo n'd to fulfil llu innnlrp ' 'ii-nts of .lipin'Me w no 'e tlovr-rn-lllPilt i- tl"id p" The Other el-'lt Vi-'Sels ate frelslitei ' t lit e of nhl'hhete n i"ip:nit of ;"iOP0 tors cieh. ptld th" other a i-'pii.-'tt n' S.Oaa loi" e-ieb i li Is e.vpect-d th- the eoniblmt'on flt-ent l!tl!.iln. 112,"J, as compared with fli.Cir nnd I'r.nipe. J"!'.""'-' woi Hi, piiii-d Willi milt- JlO.'lir. worth In 191S Various olhpr counliles looU hair lo Die value of in, l-.fi In l.'l'i, as compared wlili (CM) In lS. Most or tliee lills-(cll.uic-oiis i-l'liiniciUs are to north China and i on his I of Hpi-ilnl Kradi'H of hair for hair nets. At Hie present time IIoiik lioim's exporls of hair an- tihoiit equally dltldi-d lieliM-i-u the 1'nlli'il Slates and Kuiopc. BUSINESS HEALTHY IN NEW ZEALAND Slipping Facilities- Belter Thar. Last Year. il. .1 . Miller of uclilind. Nett Zealand, looker for Ihe rallfornla Almond (trow el's Kchnni',e. has arilved In San l-'ran-cl.'co. lie repot ts that business con ditions In New Zealand urn 111 a most healthy istate. This car, et erytlibiK points to p ten a htler ri-ason than last, as sblpplni: fai-llllles have Imniotcd con sldfiahly and .Sett Zeal. mil is nqw able to epoi I surplus stne'is of frozen lamb, million, li-'-'f nnd i old stored bUlterand i been-. There ore also considerable iliiaiillllps nf wool, hides, slipepsKhii. lallow, flax and I'mhei- awalllnn p-' port, and the value of these pninniiles i in estiniaied lo hp iiiuip than Ibe p- pons for lost teir. I The ranking returns for the Marin' I02H n'larlei rvteal a more p'eutlful sup olv of money than ever before. The surplus of dppo:dl e.ccedlns $ o.WO.Oeu for Ihe I In o months of this .tear. The Imports Into New Zealand for the1 iiil.irler ended M.iirh 31. 1E-0. anioii-itcil lo $.".0,001.01(1, co.npi Islnn di woods. Inld-, tv.' r-', roodrturis. lieteiai.-es and inis i i'11-ineoiis, Hie latter i-'io 111.4 conld einhlp uiottlh our piev.ous tears, motor tcheb-s ( oiiipr's-iiij' the m-'-ate-t Kiuttlli of all 111 lh:-e nionllis Ihey tolnllcd 1 it):. BRITAIN MAKES GAIN IN GLASS TRADING Lively Competition Develops in Honghong. prove citinllv ureal. '1 lie oniy ttu h can iiippI these oi;iortunllles and te sponslb:illles crpdltnbly to ItH ottn civ. llUatlnn rnd lt own pnslllon Ii by an lnle'llH?nl and syinpalheHc understand In-i of the people of Ah and Hip pte. tut prohli-ms confronting ll'ptn. With out till undersliindliir; we nny nnwlt tlt Rly make ome ter.t dlsarlrous m's. lakes." I'hii", t;.' iinAi.i ,,a.L'i't. Is now at coin-. ' . " ". .' ... . . ... k,. n 1 up linn 11 01 ttiiai iii.i iio- u- Kie.itest liuuistrlal ai.d eoniinen-l-il de ' vekjiiien' Hint Ihe voild has el it II nrsreil. The t'h'nefP. lie i-ays. are 11 'cepllve lo WeatPtn Ideas ami modern lildii'trlall'iu. Thp demands for inn ihhiery of all kinds dtitlnv the next few decades will be enormous; In fuel, Ihe I i.eu- Piilna tt-'ll te In Ihe market for pracllcallv eveitlhlni; Ibe West has In I offer, especially llielnl HoodH hulldlni,' leu tPrlii Is, ralltta.t. nilnbii; and hlp j tulldlim 1 iiulpiupiit. hi'itlnir and ranl t.irt ap-illancr s, in itors and inolnr piii, ifililln-.: mar-lil'ips and tet plnniH. .needles, nal's. Iiarilit, - p. elpptlleal mil-el-liiPry and ciiulpiuptit. Ir.diu-lrlal plains I of nearl- etrrv di'i rlptlon and. Indeed. I ever.t IhlniT needed In tia'isfoim the 'lountry Into a niodfrn Industrial com mercial society. Mi. Arnold prroins Hint Instuul of 1(0.00 pprtun.- In fi-.e-torles and t.OW.OX) ehlldren In jphonls ilbe estimate for I91S), the 1" lm of a few decade.- hence will bate la.WO.fOl factory bands and V. usT.l i- J i-rhool chll dren, f itureii propoi tlouate to the pies ent st-rtlsllci of the rnlled Slates "Thete need be no International Jeal ousies," Mr. Arnold continue". "In the f onipetltlon for the wonderful trade that China will have lo offer, as thete will be room fur all." And. lie adds, "a it! nnn, Independent, self-i ellant China, po'essed of pi o;:i p-slt e Ideals, will luote a blessing to Inmvinlty. II !' Iiootes the West in IN lelatlons with China lo work on hioad lines in a sniilt of (onpcr.itlon lather than com-ellt'on, ttllh a vision for the fiitme. as the dat will come when the I'adflc will he Ihe woild's Cleat -netia of tiade and com nieice, and that tiade will be wo-th while m-lv If It Is li'-lll 1111.0 a found-i-Hnn of friendship and cood v. 111." In this new book, volume :.' of the New Zealand for the bulldlnj u' b I frrtthl cars In lie delivered In the slum-) 1 est possible lime 1 In addition to Ihe above the del in iiienl Is piovldltut for the bulldinc of 20 1 locomotives, .IS pasenKPr cars, 'l hrnliii( vans and .V frelttht ears In Its own, shops .11 the different centres Twenty, locumotltes are now IipIiiK built under 1 contiact by Mefsrs. A. & tl . I'nee. all1 lo be delivered within five years isL 15 N M r Far Eastern Trade Notes. I (tovet mnetit's Cniomeii lal Handbook of China. Mi. Arnold outlines the nirnsuies 'neeesnaiv foi stH tiKtheninr; Ihe position I of the fnlted States In thp Chine Hade. 'Ceitaln ionises of act'on aie especially I emphasised. KnrournReinent tdionld be t,lven. Mr. 1110ld believes, to meilcan I loans In Chlrn and to Hip sale of Chinese -ceiulties In the Ann rli an niaik'l. Xnierhan shlppln-: fnrlllll'-s should be ' ii otlded fit ffleldit to handle lie- Anvil !ian tiade on the Pailfh ard on the Vat size titer. Fed-nil I1 orporntlu'i 1 should be rrovliled for Amprlian fhins 1 wlshltifr lo operate In ,Chlna, re'iulrliiK ! Hint nt lpa?t flftv-one pev cent, of la'.l- he tiade in Klass nnd rfla"sw.i'e in tal stork ard a ni.-'Jovlly of tin- board of HotiRknnij Ins deteopn, rilher litfly I dlin tors should be .Vmetlciui. Joint 1 cnipetltloii l i 111" past few months, ' Chlnese-Aine; lean cnteiptbc In China nnd there Is eon di table doubt as to 1 i-hoi'ld be em ottra'jeil. A Rood Alnetlcan what proportion of II the I'niied .States I r' tvt spi-flc e should Iip pslabllshed In ulll letaln mi a peirnanPiit hail". I t'bln i. iiierlca" capital should be n Dirlnr Ihe war il was diflicult to tiro-1 rnuraced to partMcntP In a larRP way cine either window or plate plns at tmns fiom Ihe rolled States or an-t-.-liie pIsp. In 'be wltidnw slass trade J.ip-in tool; Hi" ma .or poi Hon of Hip business despite the fact that Its prod uct was fault.t and mipopulat. Tnein was no olhpr supply nf Unss In slKht much of Hip liui". Ore.it Ilr it ti In n tallied a small por- In ('eve o-ur.riit pos-ltll tie 111 ua- ic- Pi'blii . , In 1 re iirinR II. I" set nnd tob'ine of the Cnmmereial Hnndhood of China Mr. Arnold has hod the assistance of numei nus Ainerlcaii and Chinee contt Ibuloi s. II contains ihaptets on the cninese sys I tetn of Riivertunent. Jrdlelal proceduie. 1 trade mailt", patent" an I ropy: Ishts, tariffs and Inlertal taxes, eurienrt. ex-ch'in,-,'e ami banklnR. ionres:iinn- and I'll-a. v.e-bls and nutisuies .-tdlds and chambers of conmi-i . e South African Banking Since 1890 OVKR M00 BRANCME5' N AH CA ) -1 1 T 1 I l.T MiecoMul di.' c:.jpiiiciit of foreign Iratle is bacd nn wide lciovlcfl"c of liic conn trios with which business is being transacted, has become an axiom of commerce. Wp know South Africa. Kutnhlislied since 1SH0, wo have (Ifvclopcd with the I'liion. Din- -f (10 liraiiclu's in the heart of that icriu'torv arc in intiiniile tniie't with its comniiTcial and industrial needs. Our New York Agents, tiossosiii"; tiniisii.il Knowl cdpc of South and Kast Africa tlinnili rears of actual renidencc tlicre. arc in :i Kine;iilarly advan tagporiH position to assi.sl A nicricun nirrclianls and nianufacturei-s in Hie extension of their trade tlirotiRhont Ihe provinces. ton of the trade In elite Rlas.i all thrnu; h Ibe war pud was aide t 1 hold this trade notWillistaudliiR I1I3I1 prleeS because of th" fuel that It tva able 10 I ::ite prnnip; i.plifit. In the readlust- POn mem of f,ilni;s f.dlottlui; the w.-u ( Ireat , NEW DIRECTOR? tUt. 11 tiii in it' tnni 7-u 1 in ui 1 1 n" 1 1 nut id . A n a nt ts i ttnidott Rlass. Inerivsed i" shnre of AISliLD-h. A. OlViS. I pafsiiKPi- and fi-e'c it ships will hp the tiade In plate r!os and Rl.tft.wari' 1 launehi.I In Sen'eniber the others be- J and has since tnci cared Its hold on all I fore Hi? ei-il of tin year. The.p vpjsp's these lines. I 111" '0 i-n-i "v'oxl-i-telv $tnCKl.03l, of' I which ST. 000 000 will b" borrott-p'l mil lleieimr of Inilln lnerenses. iiir o'-i 11 nn. .11 im ruiLiiLiin ill o.iii'uilit 1 nil' .iitiii',,l""i 1 " '" " the viand tot.il of rioss India sen and ' has Jot rei-eited a rible dcpaH-h fio.n land customs le.em.'e lexcepllnR t-altjilw liank's head ollh-e In l.ondnn nn tevcmiei colleeted dur.11 the eleven nounclnz the election of three new dl- montiis .pi 11 10 1 etiruai-t, ru3-.11, S'ikiIiI 1 1 'i' iiu nf Mini 1 n ' . Inilln. tic lite o lastall miilein it-Mitge mnl wni"i sirrii'. 11 aie ri'imrtpil in In- iniiler fonetli n lion by Ihe loriil (Internnii'lit, tliene piojei'ls shoillil o' pi 101 npnnrtuljll.t for the nle nf Ibe 1 mnl 'Me 1 iiilinii ni mnl muiplli's fin sueli em, ii tii lien, ami nlo etuite u 111.11 Uet for boih nle nr.il lntHior mipllane. At nn ii-.tinnrilliinit mretlnp of Hie i"linre hnlileii c,: Hi,' Kaiai-hl llb-itrli- Snpiil.t Cor-poinll-itl, 1,1(1.. It SH ie-i)leil tn liu-reae the nillllnll'eil isr.llnl nf the col (mlllllnll fluin f.T'l.lin In J'll'l.'.'HI, lipnilH Atili'lli-sa CoiiHiil II. Vi'ine nii'lmnlMiii, mblliiK Hi" In fnriimllnn Hint the nmnnnlni; s-ieiit" Ii"m-now- iniili'i ennHltlenitluii n plan for a ureal!,!- 1 1 1 a 1 k I'l'ieiallni! station to hf eiiilptn'il With llil Illinium hi, 11111 tin Im Kenei liters, eili'll nf die new llldti tlilf tn hate n (-renter liitiii'll.t tlir'i ibe into I enimi'lty nf tin- prei elll lil.Til Til' ii III I -tt ill r II t lienbe il ml le-Iinnillii't 1. 11 tin e l.i Ihe tlldllniv i-'inlp IIP Ml. I'-mlliii! Ihe 'ninpIi.Tlon ef . millili -e -'i iNiIi-k 1111 Hie f Inn 1 1 mle nf '.'in fm I U'1. the ilcilnriit expnits rrmn Soitahnn, .1'iui In Hie 1'rllnl H'fltes ! t 111 an Inn ies ''tu llnlex In m, eh tl.nle nf Jatn as n wlmlc The Inlnl nf mi' li deilnieil etpniM frnni Si pi 11 bain lnrr-aeil in $.".(1. 1!S Hill fur t HI It. cm eiinipnn-il with JII.SIII.IIIT In l'.ns Tie prin flpal khI'i weie hi enffte, wlttili llti-i'1 ni'-il fmni 14U.SII0 pnuii'li, t nl I III S'-'l.itllS. In 7'J I. -.'(hi imiinils. tnhii'd at P.4IISHI Inrl ma. final (i.ll-.'-J 2211 pnnniN tn IS.I.HI.IIilO pniliiN, I'lilili' tub!" I' I' mil 11,0.11. IIIHI pullllil" lo IS.'JiHKHHI pnnilil1', II' (I inenillllil nil, finlll IT. TIC-HI I'llllliill to 2l,ri(l:i,l'(KI pnll'iil" I'll Ibe oilier litiiil the explain nf ni-el tltire ilr ennseii fiiini ll.itiKi tons tn S,"n0 tuns Tin fen inie lu'lllie ill" nf Anieilean I'tes that lin-e ill 1 It fil In 1 1 1 1 1 111.'! .ue 1 mini led en rntbfn' ini-.t In ini.-illt.t that liimnt ti-r 1 bnie rlsnlfleil their I'e'lle tn .-rel mre eipi-.-l.-ill.- nf Ihn-e ndnpted to iltehnt "ll!(i .11 the stl'Jlilb'S for tile nallte en'tnii ,li-lilf; imTU" nn- nhtni'teil from Ini'ia The 'nlni" tun. t In llrnmilll fl-e plal, lllliee Hltiiileil. Ill'- 11, bin , fl"- 1 il , rt 111 let, 1 in at;' . I limn How . Inlet, blrell neil lillle-b'nel. I iv. - lor ihb ninrliei rniulil lit put n- in mi" ""tin yjlrre anil one pntiltil lb", ii'i'iipul i l:ibi'l -hewliiR tjie tolnr. ntal pa lm( in li 1 " -Ini' lllii (I en-cs, ni the n eal ,a;n r win' I lint' lir- enrtldes" In ll'h 'llnin'i TV "inn Per ?i -eil tm lnte the rendl 't 'ale An line liven pny an Import iltity nf "' pet " 1' al nliiKillll ilpnn the tltul lailfr -ithia'lni of 2 ruit-'ei pi r pound tunh t ami t 11,1, !' pnuril ilrj I!stne . -I er t sre HVnr'i' I b Cnrleinn. Mednti, urreate n lie- Snniat' n ' nil 1 n.i e Anteili'an i'niinl t il tn he iniatittmr njtu'ti ' n 1 1 e -'linr-a-Ti' hv mn't'iu- All Were of Wide Experience',' .in in Latin amcrtca. v. U to unilT tin1 Mint ti( nak-i So-f Knij.-hii ) --..,.1'tv -t jti'lm'tlv frnm thi ' .I.ui'inrKt CoV''Ti" nf K. ( 1031 for ; I rervli-e fron the r to tlio pnst rout rf S'olh ATiP'I t Th's fnirpTiy i alioily bns romnienrrti ji pprvh- of o j ro 4-r ivo nvnMii f nu ,1"pan to I tlio il- .ntri o nid I.iii noK Aires hv ; vny of Uo'iJinTiK, jmrrnnirt' nnd tb Cup f rjood Unno, Irit it nroposps tn I pliro liott r njrl' In t and ' u:re nld fron tV (o ! v Tr( hi hudtl- lir; 1 f Itn trmlf pnd Impro' (nt; nnd , p"pnortlliff it? orr ilnrir th .nutll I China oo.ipt Tin pnmpmv 1iph!v lias j t'Ft.'ihlhliPc' -1 im1 srrvlp from Shiiro- . tv-ro tn .Vow Yntlt liv wn of UniiKlionEr, I M.., n()(Mxi yjn . , 11:1 tii.i . tti.il rnmlltlon tlirnuKitfait Iftre purcl n't"' nf Snlron htic! AuhmI-o i Althoutjli Hninp of iljt Crttft''" .irc i'"1' :'to'-kr'T fnrtwth1 niotitln, purcl ; ( h wnr'c In Hit nii'umn for tho rl imuii'' ru'nt n'vl t N thought tl-nt iin'i' - t.K- nnt't ic"tt I' llon" fin Itiinpinn nnd SIniit Mm n i'1 llftet 01- mriiMrii-d, A mo j i an tlti wVt I" ji'ii'i I in 'd 'n a rnn tdi'ialili 'n:tl. 11 m Id'tn M ntlfc "ill let it tn 1 fM i-- iv r" ii t.OfMi ton nlr'n' 'i'!ltTtd nf tin H.im i v. 'ontinff i for nr- raid tn tn- nf evtllni' n im 1 1 1 and lit'tter than tlmt p'tinll- it-oi' In tl'nt rcslon. lnro bfoiv !) tnr 'It rTfatrr pminitin ratno fintn Pamtioti nml vn't of the ii'nlll Knnn a- "cnr-Vn N" " Tlf nnnrai di mand (iHMolinnl" I.VXhmi ton Afi-or Mi.k to tu of fli fnl 1 i'(i'M t t 1 1 j-n t'liiMnj Mnrrh I'MI. tip amount tpeni I Mmnta foi pidill" 'niK', I'Mludln? nmi'-n tlnn. cantdn, IrrttaMon and irntefh i tu bnnt nn nt i. unn apniolnmt'l I'i.UVtimi us a rnli-! tl.LiVUCM In 1' 1 7 -1 and MOTinim In 1!)KMT Willi tin fxlH-ndltuii'i foi puld'i liiilldi-tT- and fur mi" Ihini mi t'dl'H'- I (ito rrncnt v nn i oii"i'fral)lv r.;i t an In tin- (irt'v tain i nv. (hf amount pii,t fm road" iiii roniidfi ld lai'-i-r, I '7J tnllc- "f "niftRtlid" ioaiI and 10 "t"n ? til nf mi rni'tnllfd" icfl'N ludtrr maintain d, ri aTiihi't 1 ,!Vjn nnd in.:tl(i inlli'i, npoiilih, in Hi r' I'dtns yi nr. AllJiot'':!' mot of th" ht It hie n - I in H ntrp .iiO fa toil'"' 'if Murnia hn'i 1 m .'tnf ui romi' fintn I'lH'Jind toe p r -n'a';i' nf li T'ortnMm.t fruni ft VnltvA Pmti- ttadil' tn 1 1 a -inr, n'ul it i r''Ofir'iit that fc ! r! lo n! fit mi l.nvi' rucntlj n"Ucf fm AntPti iti'i i".miK" Intrln" tl-f fl'ial jrat tt f ITnl'fd H'r)" fiirnll",d nnfv SJMi .fir 'i nf hitler In it hr out nf total itnpoj latlnii1 tin .i n T"f). n i- - . y-. i' tli rni;d S'pt lO'iIld S'l (mmi north "tt ,t . Itn1 nf flit. I'Oll f-f l.t'llliil'lH nf fitlit I ii a' i i;i I' , ' h n t i' h i I ai'H i ( i . ii ,i - vhhti a" rnort- rmntno:il iiTd, iKvnii'c nt limatlc ffiMii'..i the I'lUU'ii Slat"- oi iml i'n wnttii nf a total of UlN'ivm t'lnine tin- .-it nt t r. m hi t f"7.2"il north am ftorn 1 1n t'n'!"! Sta'f nf tin- totnl of yas'.titin in tin- yai inis-li tcrtnr to tin' bo mi. 1 iioy .itc iitfn ntnuunlPfl to J;i,tWti, n.i agaitisl ! k tiunipprt. Sir CLin-ndon (loldlnp Hyde tur.lTO in tin roirt'spotiiliiir; period nf , nnd VMM:)ir. II. Hollh. , l'il&-li. Inipotl dtiiMN i'jntt United Jll,-, VhfSP mrn ltnve brrn ,!op! .'onnt'iifd I U !,:(. export (HiLifM JI3.!HS.l:'0, om-Im-, wllh ti,(, hiMnest c1rvpi.nrnl of South , dtulo on cotton nifnnfacture.' JJ,;wJ,t;j;t. A,riri,.:l( whorf tho lunk nn ntnlns 2.1 I on motor t-piril .'Jfii.O. and lainL cus- i;r,0ho. in An;pntin:i. Chile. lruj;uiiv . nniH -md mifCfdl'inoous JS7T..970. j ,)n(1 V(U (Jump(.rtt ,Aho tin bcr-n j I ,.0,inCrtPd with the Anglo-South AuktI- ( 7. ' onn Hank for nnn limp, Ikih spent cohv Australian INCWS. ! to thirty paifl In Latin America. Me It ilji dirt-ctor of the Hrithh Overseas Hank. Ltd.. uUo of the Tru.st and Agency National-Bank of South Africa, Ltsx New York Office, 10 Wall St. R. E. Saunders, AEent Total Resources over $287,000,000 BOMBAY LONDON ANTWERP BIG CHILEAN NAVY URGED BY LEAGUE Congress lr, Reminded Growth of Shipping. of Sw-rniiii. fill. . .Inn.' '.'U Tlie .Mnr' Itinir L'Tiff if nf ' lii'i. Iimk f,mpI (i mrmo I rhl id f'on;p s. uiKins an Incrnaso In Millie's 'iiv.il iirncniimni' wlmli wast , in ippcil mit iir.'i loi s t Hit I Thn memo- ! I rial ro'-nminmis in. iv jrijiilrit'on nf (he i 1 hnttlfyhlt) Inilr.'intf ('ociiniii'. wliMi! ti liiltirtlloii tit B'li'i al Inilm- , i.ltnH I,.,... In.KtifnMl a i oiujaril el;, nul-'t miihi1 it it ' Im'ii'il Mint n Ioiik pi'rluil of i!ululilal n'arr ; ill nuif, cmililliif; th jiuiiinnt. i alth l luiirn.r ih'ikIik linn, mil. It 1. Hu ,'iiali"t i .11 lonul lii'i il of tin' lltiic. Tlfi'i- I. fm ?iot. hf.u,','t. v.lvt.' afilta 1 1 .ri iiinlinilt'i tn lil'liuli Mi.' inilli''ti!al i aim 'of Hi.-1 ini.iti j, t J i a I Ii tlif llinl.i'ii mil mini",, yhfio for III.' laM .'l''ili tn ..n ' 1 1 ihe uorli 'i I'.'iif lii-cn on MrlL. No ili'flnl'c H'ttlr- mi nt i i t In ''K'ht . I'lii' Mrlk" 1 1 oti nil 1..' for shorter hours ' an, I lil';hT wai1", I, ut In other iinaitrri It , I' rrt;arilid in a n,nw that illl fiiahl" tl.t- I inln'ri at Nivraitl.' to dttnanil the mm" I I oiifi'.uP Ion?. 'Plifie ii an nlmn.lanrp of uotl: . nt llroki n IIIII. at hluli vnfii j. Thoii'nnil i of I moil, lio.'i. ri-fii c .'tnploj int'tit anil iitef.'i tu cl't on tniliin lii,"i ,i'nl funitc t ontt llmtnil to reHi'i Ihi- iiit'.'"H. fomjiany. !.tl. of Aiiitr.'il.i.sin.'llio fom tnoivlnl ll.inl; of Spnuisli Atnci Ira. l.til. and of tli London and Ho'itli Anwrlrnn Inipslni'tit Tnit, l.til. Sir Clan'mlon Ilyil Is n partner In tlie drill of S. IVsirsoti S Son. l.til., ulilth Ii now ensaucil in tlio i o:istt in Hon iorli of tin- port of Valparaiso, .anil va rcrcntly pmclnsT of the Chili'in K'.M'iilr Tnitmvaj anil I.lRlit Company, I.td of SnnliaRo. He han Ions had nlile Intfrci-t In South nnd Central America. Mr. Mollis la Kcnernl manager nnd n (llri'ctor of the trlti.h Hanlt or South Annrii'i, Ltd. which icivnth niercul nlth i 'lc iislo-South merlcMti Hnnk, I td New Avenues of Trade in the Near East Railways, constructive projects, public utilities, ports, waterways and the opportunities offered by a mark t requiring almost every sort of hnishcvl .'ootls arc dealt with in the current issue ot ASIA - Imio to ti'o iiial-illij uf tiii- Ta IiniJAUT, .IU.it. .... nilh.'i t. rl ,. ,1.1 .t"iit Lrllatli took ovir In comuj)f the jirirpt la the total maikitx. the ('.(npinmcnt ouM ruction of t'lo warKhlp in In-r viuds lun i'cidrd to nmme tin cmhrrRo m tin I di'ilnir th u-ir th. rrpnttnn nt mi Ntort of sllvcr-liad bullion for r ul lot of Rim uu war,. I no creation of a Mir- pU montliv without prcjudbv u, tin fntut. ("try of Murine Indiicmlcnt of ih War , p'-riRtmrnt polio of tiu do-f rnnu nt. Tims , .Mlnltr. which now dln-cts naval iif.'"'111' ,IlU u: ."V " m oi..u ti... ,n,i 1 1 ti . i taken to sjieelfli-nllv lelp Tr ni.tnlnn nnnii, fafiH, thi' diit.on rf iUv tWn into toUl(. runie import prMIt'Pf nil hi- Rianimi t, nniti and i;fiural incrpa! In'tho nayinit pioiin'tri and cxp-irtm uf yiiwr iimi ( of i.ual otllrtTrt and on!istod mn. ' I"1"0" t'rf,"ifll,,nl AiwtraHn rlttn IllllhWl. I t D U tt.. ...VII . .1 1 ! iva- ha i hb tl. b that Exports and Imports t Financed J")l!ti;tT .'ontiertlom wiih sto K holiilnc I'nnk l-i ttu larKt rltif ft tlio I ti) tba'i. and Cnnndu. rrinlp.it ltrnnrlir U If. Itt-tgiuin I.m'iio Alt Arprtit'.' ' llnibtn Mamluirln M'nn. iibft Al nulla. PhlMiiptni Wtati.i IjAiiama Cij. Panatna Port an I'tlnr. llnitl Ulo d Janeiro. Hra'll Santo iiomlnito Ponitnl. an tbpiillt tirrppondftnt tltroiiRtiont the wori.! 'AMERICAN FOREIGN MNKINf. coipoRnoN 3J tlrondwAy, New YorU P"I- nrilii nnil ImlliiilM "''- nrr $,,IM1),anl JAPAN WILL SHIP PEANUT SURPLUS About S0G Tons Available for United States. v.'oiiliiiK i" mri-nl .Titil, sr.-in ftim !"u f .-tl stnfi-i i',iii.i ftolicrt I'raiiT, .lr . Ki.lit', .Ini.in' pnilialilp mnpliH of pii-p.Ni'ni-tnulf lo tl'c I'nlt.u States f"(im thp riirri-U nop will ninoiitit lo 0 tmw c,f unyhliil i.-:imit nnd Ion. nf .-.liilli'd ponnul. The .I.ip.iii.. pon ntit i-rup i norm.il lli'. imr, ntid th-i ii'ishfllfil tiop p'OinVcJ to ye',tl iibou: ", 'll IllllM. On June I -here won- pr.trUcpll)' no sin plus Hto-;; nf .liipmii in pn nut oil on lrind, ,im thu nnrnial pio lurt 0 Ihe ntllly by Julv, which Ii tlie pil nf (he lenson. will In' nliotil m.Ofll unP in-. I. ul Ihn output will prolia'hh !.. j-".tiU trd In ntinut a.l.HO Ballons ur ' -. II-.. ni':rl ltr.p-ip. Pr.i.'llr -il. while th.. itpml Wltll the di'iclopnu'tit of tiin ini'rdi.i.t diet It is now of tin. opinion that Hie "old n.ival proKr.nnni" is ltiiulriuatp lo meet the eoitntrv'.- iieils. The hl5toricnl tre.thltiK ot ei-iy netion which itfiire in ixieml the radi-js of Its ("Vnotnic ii!.e'e furili' r tcionil It.i fruntleis an-i to m.iUe k.iov.n nlitoail i.n Mremrlh o' Its e-iiivn. r.'o and li'd'jvtrlcn." adds l.ie nieniorhil. "makes tieiefsary the tnainli nani'. of an ctrt"lMit na lap.ili),. of prolertln!: It-i men untile He-t in Mne o," pe-irr, Jurt as the nieniiant Meet is an obligator) r.iniplement o' the navy In lir.ii of war." The A'mlranle iVehrar.e Is a sister ftYliNllV A prnrtluil iVinon.ltaMnn ,!f , ihe 1 1 ui'ortloNnl f j . .'in of rt-pri fti'ntton by nunni of prrTerentl.il Miliar, wni itlwn In the lecent N't l Bouth Walei etis'tiQii:, A(U""nle of tlie ry.itpin ore not oetl ,"i 'louuieeil with tlie leitilt Tor nliit. 'ealf ' Pi I'ltrllntiHTit. .1l:t eamll.late. w.'ie p;it furili it re.ult nf III' new F.tptn. An unnrere , ilenteil nimil'tr of partlei uppen'pil lo tlie 'otpr .fw'MIe only ,V,i(t,'.'.'ll utit fif n total of , l.l'HO.1 iVitois on Hip ii.Ii-. lotpil Ueyttl,., tt Hie ,.'Ptlon M'f unUliiuxn for i .nrtiiil nalil' Ipnuth of tinir. ami ilue to t' e IniRe field IP.- elertlon lal ntleni'id l.v 'oniilit i at'te rti itt'ini'tit The e'einn fHnl' um ' ili-i'lilitl t'' Hip rflinn of til Labor tr. M anil T niioi . anilidati ' Mill. ISOUHMJ -The n.l.tnnil'i.' ,1, n ,' shin. lletDils and I lie iMiimiarlnei J anil .11 liaie t.pn altarh'Ml to tlie recently p.'abll.h.'il uli. , lliarlne I'epot al OilK)ine llotmr. lirelnnr.. Vl.loiln The four nnnln'ni; rul.m.iriii. ; t 111 be It IU lo tt'-elnnr; later Stn'e i'.eiernti., llle .iitrullan. tru.- s'.iip of the Alnilr.mte litnne, Hhiel. 1 MIll.l'ontNi:. Tlie fiiv.n ltritain alio look over ilorln-. ih 'are eiHin.'i aline: v ltti ,,r. re.rmiln H the tMnnd... but which W, 'l' P'! l'A) Z'J,?I. 'WSl'V"!? ,'l i lUk' ' ii n tor vxvoru Ml , I.) , i .ui i u. w.is re efltly refold l Chile. nliltlr Celelirallon IMniiueil. A larxf esposlilon to coniiinior.iti the viitorlous roniluslon of the war may be held In Kioto In 1:12; If the plans, r.ow under consideration by business inrti cf Kobe. O.s-'l.a and Kyoto are ear ned i" I It not :f. !:'nmi niiet.1i i- ' i', . : . fi r . . i.r . ,;,t, ai'i ii ui l.' j ,oriJs utr. lie lll.l in Fiilne Pi Oetobrr, Ifll'O. 1 POUT HI!VIV -Tl e Itnval Ainiialian ' lll.tarli ul Society has offered to provide a I tablet for Hie obeli ik ulilrti . to be erelteil 'on tile spot lieie where Capl. Ito.. Hmltli anil 'Id. party landed nt the leimlnntlon of Heir Itnglnml to Aii'tralla fllglil. r.Mli:itl! -The first oliiine. of Hie na tloiwl bliloij o' the Aiiilrnllan linn-ra' I " il'i'i. ' .11, nn'.ll i . , i ., ' I. ' 1. V r a.', -j.'.i a a u. iv .r. ALEXANDRIA Centre of Egyptian Trade To Alexandria 20 centuries ago Reman traders rowel their gilleys laden with products tT exchanK for the rich nier .chrndise of Egypt. Today Utant stfe! ships ply bctwcei that cicy and the Rraat prti of the world. But traderj no longer exchange tjoods. They hi'y ard sell on the moJcn kcs'S of credit. A mcJiuin for the direct transaction of their batikin; huincss is the Alexandria branch of the Bank of Britis't West Afrira. Its extensive fcctlities arc nt the di.posil of American business men through tl e New Ycrk Acency. Bank of British West Africa New Yclt 0(rc, 100 B;iS!r!ct Aeenl. i; r m-pi r.r. imwi iti.:tT.i lll.nl ( fie ' oni'mi The American MAGAZINE on the Orient ASIA present1; sidelight; on the commercial aspect of the Orient which briitf,' tradf. ventures to a suc; ccssful focus. It sives you. month bv month, that variety of ma terial from which you are able accurately to gage t tic people with whom your business compels you to deal. Through your un derstanding of tlie up turns, traditions, trade and political relations of these different peoples. thc cease to appear inscrutable and you arc able to meet them on a practical busi ness basis. The July ASIA at all Newsstands Asia Fublixhing Companu ' 627 I.rxingtan Arentie Xetr York The Walls of the East Are Coming Down Sometimes a gateway is left as a monu ment to the past, but the old walls of Seoul, Moukden, and even of old Canton aie bciny lorn down to make wa fc. boulevards, street railways and building plots. Progress is crowding out these charming relics of the past. 1 he Old East is passing. See the Orient: Now While its charm remains- Go1 Travel through the Far East will bring you health and happiness, and take you into realms of new interest. Happy Hawaii Bcauiifwl Japan Queer Korec Quaint Old Chine. Palm Land in the Philippines Joyful Java These arc the countries which send out the Call of the East irresistible when once you've heard it. On no other part of the globe can you find so irt'ch quiet, neither can you find anywhere else so many millions toiling in their quaint ways. The Orient is the land of contrasts. It is in a state of evolution from the medieval to the modern. Motor trucks arc replacing camels; taxicabs arc crowding out the rickshaws. Before many years, the old East will have passed. See it now before Us charm fades RAILWAY OFFICES STEAMSHIP COMPANIES TOURIST BUREAUS quote rates and give information without obligating you in any way