“In the woven fabrics imported from Germany we have examples of the standard of workmanship attained in German mills. These textures chiefly comprise low mantle cloths and cloakings, and limited quantities of dress stuffs composed of mixed materials, showing that almost invariably it was the price which caused these goods to sell in British markets. Viewed from this standpoint, there is an impregnable argument in favour of our industrial pursuits; for in all classes of fancy fabrics of a high quality, whether in woollen, worsted, cotton, linen, or jute materials, the manufacturers of the United Kingdom have scarcely felt the effects of German competition.” My second quotation is from a lecture delivered by Mr. Swire Smith, of Keighley, at the Bradford Technical College, and reported in the _Bradford Observer_ of November 27th last:— “Those who tell us that our English worsted industry is being ruined by the competition of Germany, must be unaware of the fact that the German worsteds, whose increasing exports were creating such alarm among the Fair-traders, are mainly composed of yarns ‘made in Bradford.’ Indeed, Bradford afforded a concrete example of the effect of German competition, for it would be difficult to say which country had benefited most by it. The export of woollen, worsted, and alpaca yarns to Germany in the average of the following periods of years amounted in 1880-85 to 41,500,000 lb. per year; 1890-95, to 63,800,000 lb. per year; and 1895, to 78,900,000 lb. Bradford had been the greatest contributor to German success in the weaving of worsteds and alpacas, and Germany had been the greatest contributor to the success of the spinning industry of Bradford by buying its yarns. To put a tax on German worsteds that would shut them out of England would stop the sale of Bradford yarns in Germany.” THE “PERCENTAGE TRICK.”