had been his main ambition to know more about, passing no inconsiderable portion of his time in England. His stay in Europe lasted until the close of 1868, and he reached home only to find his former chief, the Shogun Tokugawa Keiki, taking up his residence in retirement at Shidzuoka, in Suruga province, 100 miles from the capital. The Restoration had been effected a few months previously. Shibusawa received the appointment of Chief treasurer of the Shidzuoka household, under the prince Kamenosuké, who had been installed as chief of the clan, and who is now the President of the House of Peers. In this post Shibusawa found ample employment in rearranging the finances of the Tokugawa family, but he presently relinquished it on being made tax controller in the department of Finance under the newly formed Imperial Government at Tokio. In the same service he was next promoted to be Assistant Vice-minister of Finance, and also Chief Inspector of Trade, and in the performance of his duties in these offices he supervised the establishment of several joint-stock enterprises, the first of their kind undertaken in Japan. The members of these companies were merchants of Kioto and Osaka, and their enterprises extended to shipbuilding, land reclamation, etc.; the joint-stock principle thus early in the history of New Japan having begun to find favour. Soon afterwards Shibusawa was appointed Junior Vice-Minister of Finance to Inouye Bunda, as he then was—the present Count Inouye—and in 1873 both resigned in consequence of their views relative to the apportionments to different departments of the public service in the budget estimates not meeting with the support of the Ministry headed by Prince Sanjo Sanetomi. Count Inouye subsequently resumed his place as Vice-Minister of the department but Shibusawa Eichi retired altogether from the Government service, and applied himself to commercial pursuits.