At the threshold of the new century, the port presents an interesting study. With the adjoining Ha-do, a hamlet of military pretensions, it has grown in the twenty years of its existence from a cluster of fishermen’s huts behind a hill along the river at Man-sak-dong into a prosperous cosmopolitan centre of twenty thousand people. Its growth, since the first treaty was negotiated with the West upon May 22, 1882, by the American Admiral Shufeldt, has been extraordinary. Its earlier years gave no promise of its rapid and significant advance. Trade has flourished, and a boom in the trade of the port has sent up the value of local properties. There is now danger of a decline in this state of affluence which may, in view of the chaos and uncertainty of the future of the kingdom, retard the settlement and disastrously affect its present prosperity. From small and uncertain beginnings four well-built, well-lighted settlements have sprung up, expanding into a general foreign, a Japanese, a Chinese, and a Korean quarter. The Japanese section is the best located and the most promising. The interests of this particular nation are also the most prominent in the export and import trade of the port, a position which is emphasised still further by the important nature of its vested interests, among which the railroad between Seoul, the capital, and Chemulpo, with the trunk extension to Fusan, is paramount. The Japanese population increased by nearly five hundred during 1901. It then numbered some four thousand six hundred, of whom a few hundred were soldiers constituting a temporary garrison for the settlement. However, since the modification by the Japanese Government of the emigration laws with reference to China and Korea, under which, in the first weeks of 1902, the necessity for travelling passports was abolished in the case of these two countries, there has been a great increase in the number of Japanese residents at the treaty ports. The settlement at Chemulpo now embraces one thousand two hundred and eighty-two houses, and possesses a population of five thousand nine hundred and seventy-three adults. The census of the Chinese settlement fluctuates with the season; considerable numbers of farmers cross from Shan-tung to Korea during the summer, returning to their native land in winter. In the period of exodus from China, the Chinese population exceeds twelve hundred. The complete strength of the general foreign settlement is eighty-six, of which some twenty-nine are British. The one British firm in Korea is established in Chemulpo. [Illustration: AT THE WELLS]