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142 Deplorable as this may be, statistics which Mr. McLeavy Brown has drawn up show that one steamship, chartered by Chinese and floating the British flag, entered Korean waters in 1900; that four steamers came in each of the years 1901-2, a return which reveals a steady decline upon the previous years. Since Korea was opened to trade in 1880, British shipping has visited the country in the proportion of 1377 tons to every two years. Despite appeals from our Consuls in Korea to British steamship companies improvement has been impossible; since no response was evoked by their efforts, and no service has been established. The consequence of this is that a valuable opportunity has been allowed to escape, the Japanese profiting by our indifference.

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