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president, Baron Goto, the Minister of Communications; Baron Oura, the Minister of Commerce, and Baron Matsuo, former Presiden of the State Bank. The latter, with other financiers, is said to guarantee the company a capital of 4,000,000, marks (£200,000). The head office is in Tokyo, and branches are established in Osaka, Sendai, and Fekuoka. A number of Japanese studying in Germany also belong to it. It is stated that its object is to foster trade relations between Japan and Germany, and bring German manufacturers into direct touch with their Japanese customers; it has already erected in Germany a bureau of inform- -ation for the use of Japanese visitors, and purposes establish- -ing a permanent trade exhibition of Japanese for the benefit of the Japanese export trade to Germany.
At first sight it would appear that a welcome aid is being proferred to German traders in their hard struggle against English and Emerican competition on Japanese ground; but on examination this proves not to be the case. The new "Committee has no such intention, It states guilelessly that it has three other sister committees - one for England, one for America, and one for France, and the names of the same distinguished Japanese personages appear on the Board of each of the "Committees*. The real object of the association is to establish foreign trade relations abroad to the exclusion of the middle-man". Close observers of conditions as they exist here (Yokohama) doubt as to whether the projected revolution will bring any advantage to the foreign manufacturers and to Japanese trade. In any case, it seems certain that the pressure exercised by the Japanese to drive the foreign merchant from the country does not proceed from any practical commercial view, but simply out of a spirit of opposition to foreigners in general. Some of the foreign mercantile houses established in Japan have existed for over a generation, others for over half a century.
A firm of German manufacturers, in fact one of the
most
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