The trade of Korea is increasing gradually. A steamer, which could make periodical calls between Shanghai and Won-san, Yokohama and Vladivostock, taking cargo and passengers to the open ports of Korea, and touching at Japan upon the journey back, would return good money upon the venture. British and Chinese merchants would prefer to ship in a British vessel. The old-fashioned traditions of the British mercantile service, as to punctuality and despatch, are not carried out by the steamers of the Nippon Yusen Kaisha and the Osaka Shosen Kaisha, which call at the ports in Korea. It is almost impossible to know when the steamers of these companies will arrive or when they will leave. Little attempt is made to observe their schedule. The condition of the vessels of the latter company accredited to the Korean run is filthy. Moreover, this company is careless of cargo, and quite indifferent to the comforts of its passengers. The Nippon Yusen Kaisha certainly supplies meals in foreign style, but the Osaka Shosen Kaisha provides nothing. Plying between Japan, China and Korea, this company declines to make any arrangements for foreigners in the matter of food or accommodation. One experience is enough. Unfortunately, foreigners are compelled to travel in them, as the steamers of one or other of the two companies are usually the sole means of communication between those countries and Korea. There is cargo and passenger traffic for any company that will organise a regular steam-service. The profits might be small at first, since the Japanese prefer to endure their own steamers and to ship under their own flag; but there are signs that the flourishing condition of the trade of the country would bring ultimate success. The establishment of a steamer-service, if only of one or two steamers, is not the sole hazard by which Japanese competition might be faced. The climate of Korea is peculiarly suited to fruit-culture. If this work were taken in hand, the fruit might be tinned or exported fresh to China, where it would find a ready sale. The fertility of the soil near Won-san and the abundance of fish in the sea off that part of the coast, would make that port a suitable export centre for the creation of a fish and fruit-canning industry under foreign management. Fish and fruit industries of this description in Japan are profitable and very bad. Nevertheless, their output is widely distributed over the Far East. The initiation of these industrial ventures would require some time, for many difficulties oppress foreigners, who are anxious to put capital into Korea. In the end, a modest venture would reap sufficient success to justify the speculation, while the returns would probably permit an immediate expansion of the enterprise. There is no doubt about the fish; there is no doubt about the fruit; but whatever investment of an industrial character is made in Korea, close and high-class technical supervision is the necessary accompaniment.