It is now a generally admitted fact that an extraordinary creases has been witnessed in the Japanese Customs receipts for the year, partly because of the forced check on imports and partly on account of the war. In the return for November the revenue has fallen because the falling off the import trade has been larger during the month by the danger on the Pacific trade routes, As will be seen in the return reproduced here the reosipts for—the month came down to the plane of Y. 2,440,000, scarcely one-third of the figures for the same time last 33,231,362, It the flagging tendency in import trade continues for the remaining months of the fiscal year monthly receipts will never cise above Y.3,000,000. In that case the actual result of revenue from the source in question will be seen to be some Y.13,000,000 below the Budget estimate of YS7,860,000.
Text read from the printed page and cleaned; old type leaves the occasional error.