The condition of Japanese foreign trade' still continues to. show no provement, the excess of imports over exports amounting to 84,307,000 at the end of July. It is generally feared that at the end of the year trade statistics will show 'a balance in favour of imports, spite of the excess of expo which ix likely to be realized during the remaining part of the year. If thie really happens the amount of Japanese money invested abroad will be less than ever. From that amount about Y. 80,000,000 has been drawn to balance the excess of imports over! exports since October last year, of which sum boat Y. 60,000,000 has been devoted to this purpose since the beginning of the present fiscal year. It in very difficult t" arrive at an exact knowledge of the amount of Japanese fonds in foreign hands, on account of the secrecy observed by the Government in thie matter, but it ix estimated at about ¥380,000,000, of which ¥230,- 000,000 belongs to the Government, and 150,000,000 to the Bank of! Japan, The amount belonging to the Government made is the sum of ¥20,000,000, being the South Manchuria Railway Company's recent debentures issued some time ago 72,000,000 the sarplas from the last fiscal year; and Y. 33,000,000 which will yo into the Badget for the coming fiscal year. It ix thus seen that the excess of imports over exports will have to be paid with the amount standing to the credit of the Bank of Japan. The Government is paying great attention to the decrease in the Japanese invested fands abroad, as it is a matter which is liable affect greatly Japan's general financial position.—" The Kobe Herald."
KULING, rom Our Own Corresponden August 8.
The general opinion of all visitors to Kaling this year is that there never was 8 happier, more enjoyable season than the present. The weather has favoured cool nights, with the highest maximum rarely above 82° F. and a minimum of 73 F° There is an absence of rickness, which ix in striking contrast with reports from Hankow and other treaty ports. There are many noticeable improvements—two new tennis courts are fact nearing completion, and will relieve the congested state of the other courts, There are rome gond placer riy this year and the tournament arran; ed pro-Inises to give as good sport and entertainment, There is @ ow path mud to the Bathing-pool and detutces of swimeuing can now reach the j onl with font inconvenience. Judging by the numbers bathing, this seems ty be one of the greatest attractions of this popular resort. The valley ix @ scene of life and groups of happy children are eve where. Various entertainments been arranged, and we are ined a concert shortly that will pleasure to the re Last week we were favoured with a capital concert, when such artists as Madame Melba, arusn, Mischa Olsen and others who hal only been names tous, were heard magnificent Victor talking machine, kindly lent by Mr. Stratton, and the lane audience appreciated h indness. The Concert Committee raised $60 by this effort. We also hat a visit from Mr Goforth, who told us of the wonderful work going on amongst the natives of Karen and Manchai The great ey Charch was formally dedicated and set apart for public worship. It is ten and the community greatly. The need of a In ing was felt by all. lad to have their ow Anglo-American School, Now all exw jain, and a worship is more wi the Home-lands. The a large roomy building with three times the floor space of the ald, and can easily seat 700. It was quite full at the firat service yesterday. The style in Gothic, and it hax cost $17,000, of which about $3,000 are still needed. The opening services were an unqualified success, the music and singing being particularly noteworthy. The preaching was all that we expected from. sch men as Mr. Sparham and Mr. Jackson, Representatives of the different missions assisted at each exercise, We venture in Christendom—so many nationalities—so many different Churches yet unity characterized everything. In the aftornoon the children had a special vice under the Chairmanship of Littell, when Mr Sutton gave the address, and a solo was sung by Mrs. Sutton. The singing of the children reflected great credit in Mr. Geller who lisd so carefully trained them. At Jeach service special anthems and solos were sung. The collection for the day amounted to $1187—rtruly a fitting result of the day's services.
The annual Landrenter's Meeting will be held on Friday. riginal from
Text read from the printed page and cleaned; old type leaves the occasional error.