Mr. Kato suggests that foreign experts be asked to Undertake entire responsibility should be en a high salary. should for the success of the work, and should then
whi be given a completely free, band. Mean-jo the Japanese "experts" should assume the role of humble apprentices, and sit at the feet of the foreign ironmasters until they are really able to carry on the work independently.
this seen is the "only way out of the difficulty, for it is hardly possible that any 1 Japanese cxptalist wil! be able or willing to buy the works. Since the Government has spent twenty million yeu on the establishment, it isnot likely to part with it for a aged by the Tron Foundry hind a disagree Some time ago the foreign experts en-ment with their Japanese colleagues, with the result that the former threw up their employment or at any rate left the country, and the Japanese continued to ca on the work alone, with the result already stated. Mr. Kato now remarks that, though he cannot speak authoritatively on the capability of the fore eigners in question, he is inclined to think that the small-minded jealousy of the Japanese may have constituted one of the causes of that regrettable episode.
Tt may be remarked in conclusion that so long as there are Japanese statesmen broadminded enough to take such a view of these matters, there is abundant hope not only for the Foundry, but for all: he other enterprises in which' this marvellous nation is engaged.
A well-known Foreigner in a new role.
According to the "Tokio Asahi," a well-informed paper, an English gentleman who is the adviser to a steamship company in this country, has invited capitalists in his country to invest in the oily railways. He has sent withal a report of minute investigations conducted by himself into the prospects of the street railways in the city.
It is reported, Ido not know with what truth, that the adviser in question is getting a thousand yen a month and all expenses paid while he is engaged in this work; and hat he will get " handsome commission it he succeeds in introducing foreign capital. The prospects of the Tokio Street Railway seem bright enough in all truth and, tating everything into consideration, the remuneration offered is not excessive; but it is to be feared that, first, the reports that will reach Europe of the violent, and almost Inw-defying attitude of the Mayor of Osnka in the matter of the Gas Works, and secondly the distrustful attitude of nearly all the resident representatives of European capitalists, will toa large extent efface the good effect of thefreport.
Text read from the printed page and cleaned; old type leaves the occasional error.