With the reacquisition of the Alsace-Lorraine iron and coal deposits and possibly the acquirement of other fields which our French friends seem to have in mind there will still be a shortage of coal. However, it is expected that after the war closes, France will necessarily be obliged to export a good portion of its production of iron and steel, by reason of the increased productive capacity of its iron and steel plants. Incidentally I might mention that, when we were in Marseilles my attention was called by the Chamber of Commerce to the fact that France would be in a condition to export large quantities of iron ore from Algeria to the United States, and if this project could be worked out and return cargoes of American coal brought to France it would be very desirable, meeting the shortage of coal, which is inevitable. The analysis of this Algerian ore shows the quality to be such as would produce high-grade steel materials. A detailed analysis will be furnished to any one who may be interested. It is interesting to note that in the departments of Calvados, Manche and Orne, there are rich deposits of iron ore yielding in some cases 45 to 50 per cent metallic iron. These deposits before the war were leased by the Thyssen group of German steel manufacturers, but are now in the hands of the French sequestrators. I understand that quantities of this ore also were in great demand, and frequently shipped to the iron works of South Wales. I examined the steel plant making steel by the electrical process, but the examination was very brief. I have assurance, however, that the manufacture of steel by electricity in France has been very successful not only mechanically but financially and is sure to grow. There seems to be a large area in the eastern part of France where water-power is available, and I think that many new plants, and much activity will prevail in this particular region, when affairs again become settled. The use of water-power will overcome to a large extent the shortage of coal. I think that when the war ends, the imports to France from the United States of iron and steel will be confined to special forms and that France will be able to compete not only with the United States, but also with other countries in the matter of exports of general iron and steel products. With the port improvements contemplated at Bordeaux and Marseilles, world-wide markets will be opened for France. The contemplated improvements at both these places will, no doubt, be fully cared for in other special reports, or perhaps in the general body of the report which the commission may issue. The canal at Marseilles should receive special mention in the general report. The tariff question in France is in about the same condition as in the United States, with the exception that in France custom duties are handled quickly and settled expeditiously by the government. Duties may be raised or lowered over night to meet contingencies.