The banker should note accounts for payment the borrower

The banker should note accounts for payment the borrower. Why it gave notes? They are met quickly? Many buildings prefer to sell their own paper in the open market, and to hold their banks opened for arrangements when they are incapable to provide the external credit. Insurance which bear, it is necessary to consider; also volume of the made business. The big business on the moderate capital, with long credits, naturally will have big debts while the small-scale business with the liberal capital and short credits should have small debts.

In the letter and signing of checks use good profit and to allow a copy to dry a little before the

In the letter and signing of checks use good profit and to allow a copy to dry a little before the blotting paper is used.

Usual tools of the credit by means of which travellers abroad catch up with the deposits of the

Usual tools of the credit by means of which travellers abroad catch up with the deposits of the house, are known as circular letters of the credit. These forms of the credit have such usual use, that all should be familiar with their form. We reproduce here the facsimile of [39] first and second pages a
The circular letter for? 1000, copied from little change of names from the actual tool. The first page shows to the credit the appropriate commission of various correspondents of bank, letting out it to pay to the holder which signature is given on her face, money up to? 1000. Names of banks which are authorised to advance money after the letter, are usually printed on the third and fourth pages though the letters which have been let out by known bank buildings, usually admit any bank building to which they are presented.

The ancient empire Morocco still exists in the independent state

The ancient empire Morocco still exists in the independent state. Abyssinia though Italy has tried to enslave it, again also is independent. The small republic of Liberia is nominally independent. Some territory in the heart of Sahara or the Big Desert is nevertheless in its primordial independence. But in other place, everywhere on the whole continent, Africa - either British, or the French language, either German language, or the Belgian, either the Portuguese language, or the Italian language. The holding of Spain does not need to be mentioned. The holding of Italy also hardly should be mentioned. The holding of Portugal has not been increased in recent 'fight' - only made more certain. The holding of France, however, has been extremely increased, and now the greatest (3 300 000 square miles), though the most part of the French area - fruitless desert, [160] and the most part of its other part unfit for human habitation white people. The holding of the Great Britain also has been very increased, but not almost so that it
There would be if in earlier years of fight the British government was not especially blind to actions of other governments in a question. Germany, also, has an essential holding (925 000 square miles). A free condition of Congo, which though nominally independent, is actually under suzerainty Belgium, and should look at Belgium for funds to advance its development, is also essential possession, being it is little bit less than holding of Germany of 900 000 square miles.
THE GREAT BRITAIN IN AFRICA

Clearings in New York in one day make from one to two hundred millions from dollars

Clearings in New York in one day make from one to two hundred millions from dollars. Clearings we mean value of checks which that is, are cleared which pass to other owner through a clearing house. Usually once a week (in some cities more often) city banks do to their clearing house the message based on daily balances, their conditions.

To define the right of the buyer to the credit and a safe limit of the credit which will be

To define the right of the buyer to the credit and a safe limit of the credit which will be expanded on it, - a serious problem of the seller. It is standard to ask references, to find out, how other firms regard the credit of the applicant. But these references can be cautious of the answer. The selfish desire to keep the client for itself, or higher occasion of desire to be true for interests and and the client can make doubtful or very incomplete messages. If the bank among the references, everyone does not place too big pressure in very favorable answer from it because the dealer usually studies an expediency lesson in creation of the friend to its banker. And, besides, everyone tries to show only the best party of its business affairs to bank. Favorable answers from several firms, showing a homogeneous line of the credit go an excellent way drawing a safe conclusion. But these days extensive and diverse interests there has developed, as a result of this desire of adequate knowledge, respecting the man"s credit, agency for excluding [258] clusive the purpose
Achievement of the certain and reliable certificate on financial affairs; and after years of men of experience studied to depend on these commercial agencies as from the most valuable and reliable assistants.
COMMERCIAL AGENCIES

If your note in your own bank, and you wish to pull the check in payment, to write 'the Payment to

If your note in your own bank, and you wish to pull the check in payment, to write 'the Payment to the order of Accounts for payment.' If you wish to write the check to pull money for wages, write 'the Payment to the Pay-sheet order.' If you wish to write the check to pay for the project which you buy, write 'the Payment to order N. Y. The project and the Exchange,' or regardless of the fact that circumstances can call.
The check, made to receive money for direct use.

Now it will cost B a considerable sum of money to send? 14 000 in gold to A, for all exchanges

Now it will cost B a considerable sum of money to send? 14 000 in gold to A, for all exchanges between Europe and America are subject to payment in gold. Assume, what S New York should T London? 14 000, and T involves S and takes the project to Surround with shaft B in London and offers it for sale. Offer Will B more or less than? 14 000 for the bill or the project? He will offer more. More cheaply for it will pay the award for the project than to send gold, as it can send this project to Operate bank, to pay its debts, and A can gather from S.

As in case of China, possibilities of the increased trade with Japan lay mainly in woollen

As in case of China, possibilities of the increased trade with Japan lay mainly in woollen and in grains. Besides there is a fair [153] chance of the increased trade in metal . Use of woollen subjects of clothes in Japan is stretched even on averages and working classes in the winter.
And as the country does not bring up sheep, and, really, it is not good to bring up in a condition sheep, such woollen clothes, a woollen fabric, or the crude wool as is used, should be imported. Till now woollen manufacturing which have been established in the country, were not very successful, and the probability consists that trade in import of Japan in woollen clothes and woollen fabrics will increase year after year. In the same way from the fact, that the country agriculture is not adapted for wheat growth, it seems ever probable to be so adapted, and also from the fact which and above and middle classes of Japan quickly accept the European and American habits to residing, it is very probable, that import of a flour of wheat and wheat to Japan also will continue to increase year after year. And from difficulty there is fusion gland cheaply, possibly, that import of the iron and iron goods (which in crude iron, gland and steel rails, iron the small equipment and nails, rotation both other cars, and steel vessels, already quantity to 8 000 000$ in a year), similarly possibly, will increase very much year after year also.
MODERN TRADING SERVICES OF JAPAN

As in case of China, possibilities of the increased trade with Japan lay mainly in woollen

As in case of China, possibilities of the increased trade with Japan lay mainly in woollen and in grains. Besides there is a fair [153] chance of the increased trade in metal . Use of woollen subjects of clothes in Japan is stretched even on averages and working classes in the winter.
And as the country does not bring up sheep, and, really, it is not good to bring up in a condition sheep, such woollen clothes, a woollen fabric, or the crude wool as is used, should be imported. Till now woollen manufacturing which have been established in the country, were not very successful, and the probability consists that trade in import of Japan in woollen clothes and woollen fabrics will increase year after year. In the same way from the fact, that the country agriculture is not adapted for wheat growth, it seems ever probable to be so adapted, and also from the fact which and above and middle classes of Japan quickly accept the European and American habits to residing, it is very probable, that import of a flour of wheat and wheat to Japan also will continue to increase year after year. And from difficulty there is fusion gland cheaply, possibly, that import of the iron and iron goods (which in crude iron, gland and steel rails, iron the small equipment and nails, rotation both other cars, and steel vessels, already quantity to 8 000 000$ in a year), similarly possibly, will increase very much year after year also.
MODERN TRADING SERVICES OF JAPAN

If you wish to use your check to pay the note, should in some other bank than your own, or in

If you wish to use your check to pay the note, should in some other bank than your own, or in purchase of real estate or stocks or bonds, you can find necessary to certify your check. It is made by the official of bank, [246] who writes or prints through the person of the check of a word 'or' Good
When its name is properly confirmed 'and signs. (See an illustration, p. 244). The quantity will be immediately subtracted from your account, and bank, guaranteeing, that your check becomes responsible for its payment. If you certify the check and then not use it, bring it in your bank, differently your account will be short quantity for which it is delayed.
BANK ACCOUNTS
The bill.

All all over the world Southern Africa are known for its diamond mines and its gold mines

All all over the world Southern Africa are known for its diamond mines and its gold mines. Diamonds are found mainly in Griqualand, to the north from the Orange River, now a part of the Colony of Cape, but they also are found in Orange Free State. Diamond areas are very limited, 'pipes' which as assume, were craters of extinct volcanoes. Basic 'pipes' in Kimberley (28 718), in Griqualand. They make the richest diamond areas in the world. It is considered, that value for more than 350 000 000$ diamonds has been taken out from Kimberley since their first opening there in 1867. The greatest South African diamond nevertheless found, cost 300 000$, but many other big have been found. Annual diamond export makes now approximately 20 000 000$. For 1896 export made 23 200 000$; on 1897 it is little bit less. Manufacture and export are strictly limited, so that the prices, probably, did not depreciate. Then in interest for diamond areas gold mines. They while have been found mainly in the south of [164] African republic, or
'Transvaal' as it usually name, in '', or 'reef', about the known city of Iogannesburga (102 078). As gold at first was revealed in (1871), value for 250 000 000$ has been taken out. Annual development makes now almost 50 000 000$, but it is considered, that before can be settled, value for 2,250,000,000$ gold should be - quantity, it is much more than a full public debt of the United States, national, the state, and municipal. But to the north from , in , especially in Mashonaland, the territory usually named 'Earth Ophir,' where extracting operations are just begun, but where gold as it is supposed, it is even more richly kept than in . From this area recently constructed city of Salisbury - the centre. Other mineral products of Southern Africa - coal in , extracted in Newcastle, and copper in the northwest of the Colony of the Cape sent in Port Nolloth.
FOREIGN TRADE OF SOUTHERN AFRICA

The name differential in application to cargo norms addresses to values which are available the

The name differential in application to cargo norms addresses to values which are available the railway companies. Certain roads according to the agreement, lower gathering than has allowed to raise others, running to the same points. To and from each of east cities there are two classes of roads - standard lines and distinctive lines. Standard lines have advantage more direct communications; distinctive lines reach cargo mission roundabout routes, in some cases almost double distance. With a view of equalising of these conditions the general transport associations allow distinctive lines to bear the freight on lower norm in mile than the gathering raised by standard lines.

When France will be in comparison with other countries concerning commercial development and

When France will be in comparison with other countries concerning commercial development and advancement, results will be in almost each specific turn, adverse to France. For example, since end of Napoleonic wars eighty three years ago, which national trade of the Great Britain while that from France only has trebled. In end ex German war France made eighteen percent. In front of Germany in the power of carrying over of its shipment. Now Germany of seventy [97] percent. In front of France in this respect. But it needs to be remembered, that ex German war cost France in army
Expenses and in indemnification the sum than 3,250,000,000$ is not less. The effect of those huge expenses on nation prosperity can be estimated in one comparison. Since that war annual average savings in the inhabitant in France have made 17$. During the same period annual average savings in the inhabitant in the Great Britain have made 19.50$. That war has not occurred, average annual savings in the inhabitant in France will make 21.50$. To put it briefly, no people in Europe are comparable to working classes of the French people in thrift and development, and because of this feature if France well operated its prosperity would be equal to that from any country in the world, and it will be so in spite of the fact that the account of interest of France imposes the tax 6.50$ in a year on each inhabitant of the country.
Street scene in Paris, showing to Stock exchange.
[98]
IMPORTANCE OF AGRICULTURE IN FRANCE

Term Австралазия as now in general it is used, includes Australia (including Tasmania)

Term as now in general it is used, includes Australia (including Tasmania) both New Zealand, and many small next islands. So used it actually designates the British possession; for such islands as will take place for and still the Great Britain do not belong, are rather insignificant. But when we speak about , we in general think of Australia as Australia is so big and important, that it, apparently, saddens other parts . But concerning a policy or trade Australia not one country; it is divided into some self-coping colonies. They, as importance, Victoria, the New Southern Wales, South Australia, Queensland, and Western Australia. But movement becomes now to unite all these colonies, and Tasmania also, in one 'the Australian Confederation,' the same as some areas of Canada which independent colonies were once, have been united in one 'Dominion of Canada.' This scheme of confederation, however, has not been reached yet. [167 [3] new
Zealand, because of its distance (1200 miles) from Australia, yet has not shown desire to enter this confederation.
FOOTNOTE:

Canada as all new countries, depends for its prosperity on development and export of its natural

Canada as all new countries, depends for its prosperity on development and export of its natural products. They have four big classes: (1), products of its woods; (2), products of its mines; (3), products of its fishery; (4), its agricultural products. Wood resources of Canada when both degree and quality consider, are the finest in the world. The wood not cut area was in 1891 almost 1 250 000 square miles, or it is more than one third of area of the whole country. Annual value of wood and the made wood makes approximately 82 500 000$. Annual value of wood and exported wood makes approximately 32 000 000$. Two thirds of it go to the Great Britain, and more than 9 000 000$ in wood and registration go to the United States. At Quebec and Ontario is unlimited deliveries of a fur-tree for manufacturing of the wooden pulp which annual development reaches 200 000 tons. Not cut wood of British Columbia which includes a pine of Douglas, fur-tree Menzies, an elegant, red-yellow cedar, and as it is estimated, makes 100 000 000 000 cubic foots.
MINERALS OF CANADA

Now foreign trade of China is substantially in hands of Englishmen

Now foreign trade of China is substantially in hands of Englishmen. In a year 1896 foreign export trade of China made 167 000 000$. From this quantity 132 500 000$ was with the Great Britain and its dependences; 10 000 000$ with the United States; something more than 8 000 000$ with continent of Europe, exclusive of Russia, and is less than 2 000 000$ with Russia. In the same year foreign trade in import of China made 102 500 000$ from which 56 000 000$ was with the Great Britain and its dependences; the little more, than 9 000 000$ with the United States; 15 000 000$ with continent of Europe, exclusive from Russia, and 12 500 000$ with Russia. (Other part of its trade was mainly with Japan). The policy of the government of China should prevent always, or [142] limit foreign trade; and even today foreign trade can be continued only in twenty six Chinese ports - so-called 'the agreement
Ports. 'The policy of the Great Britain should provide according to the agreement so big privilege of trade with China as far as possible; to throw opened the privilege in the world, but to follow it with such commercial activity by its own part as would provide to it the lion"s share of turning out trade. From these twenty six ports now according to the agreement opened for the world for trade, twenty three, have been provided by the Great Britain and three Japan.
PORCELAIN EXPORT, IMPORT, AND RESOURCES

Rio Janeiro (674 972), the capital and the basic city though an is poor-looking place, one of very

Rio Janeiro (674 972), the capital and the basic city though an is poor-looking place, one of very finest in the world is located on magnificent harbour. Approximately in 1500 courts, with the tonnage making 2 500 000 tons, enter in Rio Janeiro with foreign trade annually. Nine thousand miles of the railway have been constructed in Brazil, and 3500 more during building, and 12 000 miles of routes of telegraph have been constructed. Rio Janeiro - the main railway centre, but other centres - Rio Grandes, do Sul, in moderate areas of the south, and Bahia and Pernambuco, in tropical areas. The public (national) debt of Brazil far does not require in 1 000 000 000$, having interest (the most part of it) in from four to six percent. In a year.
[187]
XII. TRADING FEATURES OF CANADA
CANADA, ACTUALLY INDEPENDENT FEDERAL REPUBLIC

From Southern Africa as above a certain Colony of Cape and Натальный now the most

From Southern Africa as above a certain Colony of Cape and now the most important parts. Their climate is in certain respects the finest in the world. Their soil has remarkable riches. The number of excellent versions of the local factories found on it, is more than for any other equal area on globe. The same remark was true once for the animals found in Southern Africa which again is the proof to the big abundance of soil. But a serious lack - a lack and uncertainty in rain delivery. , however, it is carried out, and everywhere where it is possible, the earth can be made to blossom as increase. The agriculture, however, only is indifferent is pursued. The grapevine in the Cape Colony makes more much, very much more it is a lot of than somewhere else in the world, and still neither grapes lifting, nor wine creation as cannot speak, are successful. Pasturing - the basic employment of people in rural areas. There are 17 000 000 sheep in Cape Colonies, and 6 000 000 goats. , at what 500 000 sheep more , is. Other basic employment - agriculture of an ostrich. The ostrich, once wild in Southern Africa, is dissolved now in the country. The Cape Colony has 230 000 ostriches. [163] ostrich feathers
Effort from 150$ to 300$ for pound. Horned livestock lifting - other basic employment, and sketch horned livestock is very much used in the transport purposes. The Cape Colony has 2 000 000 horned livestock; , 1 000 000. The basic grain crops of food - wheat and corn, but it is a little lifted for export. In , sugar the important product, and also tea. Many magnificent woods of wood are found, but trees are sickly, and a few wood is exported. Very much has been spent for nothing by fires. The big agricultural possibilities of Southern Africa - a wool, a mohair (hair of the Angora goat), fruit, wine, and skin. Grains of Southern Africa possibly all will be necessary for house consumption.
THE BIG MINERAL RICHES OF SOUTHERN AFRICA

There the class of financial institutions which take some kind of the second plan between

There the class of financial institutions which take some kind of the second plan between commercial bank and savings bank has grown in this country, how much their service to the public is interested. They - that is known as to the company. National banks are forbidden according to the law from creation of loans on real estate and though the State Banks are not insured thus as a good banking they usually avoid loans of this character. The policy of commercial banks should make many rather small loans for a paper of the reduced working day while that from the companies should make the big loans for old [224] securities. Deposits the companies consist substantially of the serene sums what could be bypassed managers, executors, trustees,
Committees, societies, or from private conditions. They - what hardly will fluctuate very much in quantity. From the nature of their trust of deposits of the company find it convenient and favourable to make the big loans and in longer periods, than do usual banks. the companies not only receive the sums of money for the deposit which is subject to the check and for savings, and lend money for the bill and other securities, also, as well as commercial banks; but they also operate as agents, trustees, executors, managers, representatives, receivers for individual properties, and corporations. They often help as patrons or reorganizers of corporations and with sale of stocks, bonds, and securities. They operate also as agents for payment of the obligations which are becoming ripe in the future dates, such as awards on insurance, interest on and bonds, etc. the companies are organised according to state laws in which they exist and are usually subject to all supervision demanded in case of the State Banks.
[225]
III. CORPORATIONS AND THE JOINT-STOCK COMPANIES [9]
CORPORATIONS

Canada has undertaken the big effort in a direction of the encouraging domestic industries, but its

Canada has undertaken the big effort in a direction of the encouraging domestic industries, but its most progressive and most basic industries - interested in transformation of crude products of the country to articles [192] of the general goods. Its steam horsepower in a proportion to the population is the greatest
In the world. The capital which invest at factories as a whole, makes more than 400 000 000$, with annual development more than 500 000 000$. Its full annual import - now more than 130 000 000$. It is More than half from this from the United States. Full annual export of Canada makes approximately 160 000 000$. From this more than one third goes to the United States. Full trade of Canada with the United States makes approximately forty one percent. From its full trade with all countries, and almost equal to its full trade with the Great Britain. Full trade of Canada with the United States is exceeded only by that from the Great Britain, Germany, both France, and its trade in import with the United States is exceeded only by that from the Great Britain and Germany.
Shopping centres of Canada and trunk railroad lines.
THE CANADIAN CITIES

Business of transportation of the United States is so distinguished and combined, that appropriate

Business of transportation of the United States is so distinguished and combined, that appropriate research of its freight rates and classifications would demand much more a place, than the subject in these lessons can be given.
XVIII. TRANSPORTATION PAPERS

Calcutta (862 000) is capital of empire of India and the second city in British Empire

Calcutta (862 000) is capital of empire of India and the second city in British Empire. Though it is located on a hand of delta of Ganges, eighty miles in the country, Calcutta - huge seaport, but its seaworthy privileges can be supported only great machine-building factory, because of the silt, which Ganges constantly reduces and brings in aside exhausting channels. Calcutta possesses almost monopoly of the whole trade of valleys of Ganges and , and to a building of Suez canal, at it was almost monopoly of trade directed outside of the whole peninsula of Hindustan. Its full trade is even nevertheless very big, incorporating for and internal business directed outside together approximately 700 000 000$ in a year, the sum which can be appreciated from the fact, that it about equal to full trade in import of all United States. Bombay (822 000), the second city of the Indian Empire, owe the popularity to three things: (1) opening of Suez canal which has made it port of India the closest England; (2) start of the industry growing up a clap in India, owing to the American civil war (a growing up clap the area of India is adjacent with Bombay); and (3) development of railway system of India which does Bombay, instead of Calcutta a natural ocean exit for trade [138] country. Madras (453 000), the third city
India, also the third seaport. But it does not have any natural harbour, and its coast is broken by a surf and within many months together exposed full fury of northeast monsoons. The artificial harbour, however, has been recently constructed. Besides cities, aforementioned, there is one (Hyderabad) with the population more than 400 000; there are two (Lucknow and Benares) with the population more than 150 000 everyone, and eleven more with the population more than 100 000 everyone. There is besides forty seven cities with the population more than 50 000 everyone, and more than one thousand cities with the population approximately 10 000 everyone.
[139]
VII. TRADING FEATURES OF PORCELAIN
IMMENSITY OF AREA OF PORCELAIN AND THE POPULATION

The student should be familiar general way with various classes of a stock and with the technical

The student should be familiar general way with various classes of a stock and with the technical terms familiar to the joint-stock companies. More important of these affairs the following:

Great commercial centres of the Great Britain after London - Glasgow (800 000), Liverpool (700 000)

Great commercial centres of the Great Britain after London - Glasgow (800 000), Liverpool (700 000) and Manchester (640 000, including Salford). All these cities have received the most part of their size from successes which they have made within existing century. All is owed, of course, by their advancement and their prosperity substantially to their natural advantages of a situation, etc. Liverpool costs on the brink of Atlantic, 'the Mediterranean the modern world,' and thus it possesses the basic action of trade with America, especially with the United States. Import of the Great Britain from quantity of the United States to more than 500 000 000$ in a year, and its export to the United States (exclusive from an ingot, etc.) To more than 100 000 000$. (Before export to the United States was twice this quantity). From this extensive trade, making one fifth the British full trade with the world, Liverpool possesses the lion"s share. All clap, it is not simple the United States, but [83] world which is used in Europe, send to Liverpool for distribution. In the same way Glasgow,
Located with its aspect directed to the same sea routes, possesses also huge transatlantic trade and the north and the south. And Manchester located in the heart of the richest coal areas of kingdom, and within easy reach of great cotton port, Liverpool, has created the cotton manufacturing industry surpassing those from all other part of the world.
THE COMMERCIAL ENTERPRISE OF GLASGOW, LIVERPOOL, AND MANCHESTER

The commercial superiority reached many of big cities of Great Britain, does not occur absolutely

The commercial superiority reached many of big cities of Great Britain, does not occur absolutely because of the natural reasons, or even to the usual reasons. The most part of it occurs because of the extraordinary enterprise and foresight from their citizens. London, for example, is the centre of trade in a wool of the Great Britain. Woollen manufacturers of the Great Britain use approximately 250 000 tons of a wool annually, and three quarters of it are imported. Other cities which lay about places of the big woollen Liverpool , for to have an example tried to provide the action of this extensive import of a wool, but London, because of special attention which it gives to this trade, is able to hold almost all trade in its own hands. In the same way London almost completely monopolises trade of England with Arabia, India, the East Indies, China, and Japan. It - therefore the big shopping centre for tea, coffee, sugar, spices, indigo, and crude silk. It also possesses the most part of the British trade in fruit (oranges, lemons, currants, raisin, fig., dates, etc.) and in wines, an olive oil, and more mad, with the countries which lie about the Mediterranean. Advantage partially its situations, but substantially because of the enterprise of its dealers, it absorbs almost all British French trade, and trade of England with Germany, Belgium, Holland, and Denmark. It the fault (from France), and oil includes mainly, [82] eggs, and vegetables.
Other big branch of its trade that with ports of Baltic, including that of Russia, import inclusion, besides wheat and a wool, oil, wood, hashish, and a linen seed. The tobacco imported from Virginia to England, goes almost completely to London; so does almost all and the South American trade in fine woods, dyes, drugs, sugar, disappears, rubber, coffee, and diamonds. Rather big action of trade of the Great Britain with Canada is concentrated in London; also, it is more than one half of trade of England with West Indies, import from last country including mainly sugar, treacle, fruit, rum, coffee, cocoa, fine woods, and ginger.
SPECIAL TRADING FEATURES OF GLASGOW, LIVERPOOL, AND MANCHESTER

Hongkong (245 000) is the small island belonging to the Great Britain, the River of the Canton

Hongkong (245 000) is the small island belonging to the Great Britain, the River of the Canton located in a mouth, seventy five miles from the Canton city. Its population is made mainly Chineses who have been involved there by its trading privileges. The British population - only 13 000, even including garrison 2800. Almost whole population lives in the capital, [147], Victoria, for the island is a fruitless rock. Forty four percent. From foreign total
Trade of China passes through Hongkong. Its harbour - one of the finest in the world. It has magnificent docks. Its port is completely free, and there is even no customs. It is calculated, that the foreign trade spent by its dealers, makes 100 000 000$ in a year, exclusive from this, that passes through its port without division of cargo parties into smaller parties. All extensive export trade of China in silk and tea is substantially processed by firms Hongkong. Which other consumer goods Hongkong - the main shopping centre of China, opium, a flour, salt, earthen, oil, a clap, both the cotton goods and the woollen goods which it imports from other countries and exports to China; and sugar, rice, amber, the tree, an ivory, and which it imports from China and exports to other countries. Its trade is not limited by the Great Britain, but includes France, Germany, the United States, and all other countries-participants of foreign trade. But it is final at the Great Britain there is the greatest action.
[148]
VIII. TRADING FEATURES OF JAPAN
VARNISH THE GREAT BRITAIN ASIA

The word firm concerns with validity, establishment, force, and in business sense shows two or more

The word firm concerns with validity, establishment, force, and in business sense shows two or more persons united in association for the purpose of trade. The word house is very often used in the same sense. In commercial use the house does not mean a building in which has put is conducted, but men to whom belong business, including, probably, a building, a stock, factory, and business reputation. The anxiety of the name is often used by very similar way.

Brazil - much more the big and more densely populated country than Argentina

Brazil - much more the big and more densely populated country than Argentina. Its area (3 209 878 square miles) is such size, as area of all United States, smaller quantity of half of Alaska. The most part of this area has extremely tropical riches of manufacture. But, unfortunately, the most fertile parts of Brazil - parts, the least suitable for settlement white. The population last census - approximately 14 500 000, but is less than 4 000 000 of this population - pure white. Negroes who were recently slavish number more than 2 000 000, and there as it is supposed, are approximately 1 000 000 Hindus. An intermediate link between Hindus and Negroes and the white population - the numerous mixed races or hybrids. The agriculture [185] main industry, but is two kinds: tropical agriculture
From the central and southern central coast which is continued mainly by work of the Negro and the mulatto, and agriculture of moderate area of the extreme south which is continued mainly by colonists from Europe, the recent European emigration almost completely directed to that area. All interior of Brazil still remains unresolved and untilled. The crop of coffee of Brazil is huge and is the basic product. Manufacture makes 8 000 000 bags or more than 1 000 000 000 pounds annually which is more than two thirds of total sum of the coffee used in the world. The Labour party for coffee is insufficient also road, and in earlier stages of manufacture of a berry awfully consider the Brazilian coffee. But cars are used everywhere where probably, and in later stages of manufacture the Brazilian coffee receives the best attention which can develop skill. As consequence the product of coffee of Brazil raises on an estimation of users of coffee. Bushes are grown up under palm trees to hold them from an intensive heat of the sun. In a year three or four crops of berries are received. Rio Janeiro and Santos - two main centres of the industry of coffee. Near to coffee the main tropical product - the sugar, which export makes approximately 250 000 tons annually, mainly of Pernambuco. Other products of tropical area of Brazil - cocoa and a clap, from cultural areas of coast, and rubber and the Brazilian nuts, from dense woods of lower Amazon; also dyewoods and office woods, drugs, and diamonds. Brazil is a lot of years was celebrated for its received of diamonds basically from a city in an interior by name of Diamantina. Existing diamond manufacture is not big. From moderate agricultural area of the southern, dried up beef, disappears, and oil - the main export. The greatest client of the Brazilian makes, the Incorporated [186] states, which beret value for 70 000 000$. The Great Britain is following, with
Value for 35 000 000$ (in one only rubber in 15 000 000 1896$). Brazil receives its goods mainly from the Great Britain, the United States, France, and Germany - from the Great Britain 20 000 000$, from the United States 13 000 000$. Import includes almost all articles necessary for internal and industrial claps wood is more whole especially and woollens, the hardware goods, cars, the flour, rice, has dried up meat, kerosene, oil, and fish. Is, however, 155 cotton factories established in Brazil, with the capital to value 50 000 000$, and cotton manufacture is protected by very heavy duties. But agricultural cars and such as manufacturing are very slightly imposed by the tax. The basic food of people - a flour ().
JANEIRO

The most characteristic physical feature of the European Russia - the planeness

The most characteristic physical feature of the European Russia - the planeness. In a consequence of its river - almost all navigable, and as most important of them are connected by channels, services for transportation which they give, are very considerable. As a whole the length of river navigation thus gave quantity almost 47 000 miles. This abundance of navigating services has detained growth of railways, but already there are 25 756 miles of the finished railway in one only the European Russia. The full length of the railway all Russia has constructed, and in a building of 34 849 miles. The most important railway enterprise in empire - the Trans-Siberian Railway which will give through communications from Baltic to T ocean. The shortest distance between these two weights of water makes 4500 miles. The length of the railway will make 4950 miles, and its cost, it is supposed, will be 120 000 000$. To 1905 it should be finished.
CITIES OF RUSSIA AND CITY
Moscow.

Now заклад, providing payment of corporate bonds, in hands of the trustee in general some

Now , providing payment of corporate bonds, in hands of the trustee in general some usually is located the company - which as it is supposed, operates in a name of holders of bonds as unit and which is authorised by obligation language, in default corporations to carry out of obligations which it accepts in the told obligation, to exclude and to divide incomes of sale among bondholders.-.
CLASSES OF BONDS OF CORPORATION