Foreign banks with Chinese suthoritys apart from issuing paper money and exchange, have also. money deposits. The Chinese who want to bank their money, have only to learn that the bank i managed by Chinese, and they are uneasy about it, and will not deposit their worley there, no matter how much capital it has or how much interest given. But if they hear of a bank managed by foreigners, that. has a foreign name, no matter when ther it is trustworthy or not, or how quite at ense, 1 wey have money' much interest is. given, they are
At once decide to deposit it there. The foreign banks which have received this money give each year te the depositors very little interest, at the most 4 or 5 per cent. The banks also lend this money to. the smaller merchants, but receive from them each yenr a' great amount of panies are very dear, 40 the freight Fates per ton from Europe to Nagasaki and Yokohama, eonipared with those charged from' Europe to Shanghai are cheaper. Therefore the price of European goods. in Japan is cheaper than in Shanghai, On the other hand, if Chinese goods are shipped from Shanghai to Europe the freight charges are much dearer than on those shipped from Naygasaki und Yokohama. Te China sends to Europe soos to the alue of $10,090,000, she must pay, because of the freight charges, an additional $10,000,000. According. to this reckoning, out' of $109,000, 000 she loses 10,000,000. The value of China's yearly imports and exports is more than §1,000,000,000, and the losses from this amount are not less than 100,000,000. (Editoriat Note: This leaves us bewildered.]
Text read from the printed page and cleaned; old type leaves the occasional error.