"Yes, but that has nothing to do," some people will say, "with Rieka's economical position. We admit that Croatia has the historical right to the town, but we wish to be satisfied that the Croats are not moved by reasons that would cause Rieka's ruin. It may be nowadays, owing to the unholy alliance between Magyars and Italians, that the town, with respect to its trade, is more in the Italian sphere than in that of Yugoslavia." The answer to this is that Italy's share of the value of the imports into Rieka in 1911 was 7·5 per cent. of the total, while her share of the value of the exports amounted to 13 per cent., which proves that Italy depends commercially more on Rieka's hinterland than does that hinterland upon Italy. It seems to be of less significance that the millionaires of Rieka are mostly Croats, for they might conceivably have enriched themselves by trade with Italy. But of the nine banks, previous to the War the Italianists were in exclusive possession of none, while the Croats had four; of the eight shipping companies three were Croat, three were Magyar, one British, one German--not one Italian. It is true that some Italian writers lay it down that Rieka's progress should be co-ordinated with that of Venice, to say nothing of Triest, and should not be exploited by other States to the injury of the Italian Adriatic ports. Their point of view is not at all obscure. And all disguise is thrown to the winds in a book which has had a great success among the Italian imperialists: _L'Adriatico et il Mediterraneo_, by Mario Alberti (Milan, 1915--third edition). The author says that Italy, having annexed Triest and Rieka, will be "assured for ever"; her "economic penetration" of the Balkans "will no longer be threatened" by the projected Galatz-Scutari (Danube-Adriatic) railway; Italian agriculture which, he says, is already in peril, "will be rescued"; the Italian fisherman will no longer have the ports of Triest and Rieka closed (for exportation to Germany and Austria); the national wealth will be augmented by "several milliards"; new fields will be open to Italian industry; her economic (and military) domination over the Adriatic will be absolute. There will, he continues, be no more "disturbing" competition on the part of any foreign mercantile marine; the Adriatic will be the sole property of Italy, and so on. It would be worth while, as a study of expressions, to photograph a few Rieka Italianists in the act of reading these rapturous pages.... But lest it be imagined that I have searched for the most feeble pro-Italian arguments in order to have no difficulty in knocking them down, I will add that their strongest argument, taken as it is from the official report of the French Consul in 1909, appears to be that the commerce of Croatia amounted then to only 7 per cent. of the total trade of the port of Rieka. I am told by those who ought to know that wood alone, which comes almost exclusively from Croatia, Slavonia, etc.,