With the exception of Great Britain, the example of the Japanese in Korea has stirred the Western Powers to corresponding activity. Every strange face in Seoul creates a crop of rumours. Until the new-comer proves himself nothing more dangerous than a correspondent, there is quite a flutter in the Ministerial dove-cots. Speculation is rife as to his chance of securing the particular concession after which, of course, it is well known he has come from Europe, Asia, Africa, or America. The first place among the holders of concessions is very evenly divided between Japan and America. If the interests of Japan be placed apart, those of America are certainly the most prominent. Germany and Russia are busily creating opportunities for the development of their relations with the industries of the country; Italy and Belgium have secured a footing; Great Britain is alone in the indifference with which she regards the markets of Korea. In this chapter I propose to state briefly the exact position occupied in Korea by the manufacturing and industrial interests of foreign countries; adding a specific table, which, I hope, may attract the attention of British manufacturers to the means by which the Japanese houses contrive to meet the demands of the Korean market. The competition of the Japanese has an advantage in the propinquity of their own manufacturing centres; a co-operative movement throughout the Japanese settlements against foreign goods is another factor in their supremacy. It may, perhaps, afford British manufacturers some small consolation to know that there are still many articles which defy the imitative faculties of the Japanese. These are, mainly, the products of the Manchester market, which have proved themselves superior to anything which can be placed in competition against them. It has been found, for instance, impossible to imitate Manchester dyed goods, nor can Japanese competition affect the popularity of this particular line. Chinese grass-cloths have, however, cut out Victoria lawns fairly on their merits. The Chinese manufacturer, unhampered by any rise in the cost of production and transportation, produces a superior fabric, of more enduring quality, at a lower price. Moreover, in spite of the assumed superiority of American over English locomotives, on the Japanese railways in Korea the rolling stock produced by British manufacturers has maintained its position. It is pleasing to learn that some proportion of the equipment of the old line from Chemulpo to Seoul, and of the new extension to Fusan, have been procured from England. Mr. Bennett, the manager of Messrs. Holme Ringer and Company, the one British house in Korea, with whom the order from the Japanese company was placed, informed me that the steel rails and fish-plates imported would be from Cammel and Company, the wheels and axles from Vickers, and that orders for a number of corrugated iron goods sheds had been placed in Wolverhampton. The