bour'in Fakucka Ken at an estimated cost It has been proposed to construct a har-
of 220,000 yen, and the governor applied recently to the Home Minister asking the Government to pay 100,000 yen expense, provided the people of the locality found the remainder.—Hiogo News Translation.
From the Bukka Shimpo:—It is contemplated to establish an electric light company with a capital of yen 500,000 for the purpose of street illumination in Tokio, A commercial school will also be estaplished in Yokohama under the auspices of the import and commission merchants The funds are to be raised by a collection among them.
At present the rate of specie is going down, and while it was upwards of 171 in Tanuary last, it waa down to 161 yosterday. As the price of specie influences the price of all other commodities, people are greatly concerned about the future, On account of the scarcity of money in all districts imports are wusaleable, and although continually arriving, the Japanese import merchants do not buy, nor do they even take delivery of goods already contracted for. Foreign banks have had to pay out dollars; but none are returning, as the foreign merchants cannot repay the loans. Under these circumstance, a lari int of specie is in the hands of the ese merchants, and in consequence of this specie has depreciated.
It is contemplated in the Finance Department not to withdraw any more paper money, and to gradually accumulate specie to the amount of yen 30,000,000. The merchants are much concerned about this, thinking that, as there is no prospect of raising a foreign loan, the specie must be bought in Yokohama." Tf this be true, a great change will take place in the money market.
From the Mainichi Shimbun:—Various works, now in course of preparation in the Bureau for compilation of the tory of Japan, will shortly be published.
From the Hochi Shimbun:—The financial estimates for the next (15th) fiscal year, from July, 1882, to June 1883, are being prepared now. Applications for an increase of expenditure have been sent in, 'The increase demanded for the army amounts to yen 1,500,000; for the navy to yen 700,000. Added' to these the grant of yen 800.000 to the por shizokw d other expenses, the total increase of penditure to amount to yen 4,000,000.—Herald,
Text read from the printed page and cleaned; old type leaves the occasional error.