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om twenty to twenty-five seers the rupee. Yes, that's about it. Well, he gets, perhaps, three dollars and a-half a month. The people spend a good deal in pleasuring. They must enjoy themselves. I don't think they save much. How do they invest their savings? In jewellery? No, not exactly; though you'll find that the women's hair-pins, which are about the only jewellery they wear, cost a good deal. Seven and eight dollars are paid for a good hair-pin, and of course jade may cost anything. What the women really lock their money up in is in their _obis_--the things you call sashes. An _obi_ is ten or twelve yards long, and I've known them sold wholesale for fifty dollars each. Every woman above the poorest class has at least one good dress of silk and an _obi_. Yes, all their savings go in dress, and a handsome dress is always worth having. The western _kens_ are the richest taken all round. A skilled mechanic there gets a dollar or dollar and a-half a day, and, as you know, lacquer-workers and inlayers--artists--get two. There's enough money in Japan for all current expenses. They won't borrow any for railroads. They raise it 'emselves. Most progressive people the Japanese are as regards railways. They make them very cheaply, much more cheaply than any European lines. I've some experience, and I take it that two thousand pounds a mile is the average cost of construction. Not on the Tokaido, of course--the line that you came up by. That's a Government line, State built, and a very expensive one. I'm speaking of the Japanese Railway Company with a mileage of three hundred, and the line from Kobe south, and the Kinshin line in the Southern island. There are lots of little companies with a few score miles of line, but all the companies are extending. The reason why the construction is so cheap is the nature of the land. There's no long haulage of rails, because you can nearly always find a creek running far up into the country, and dump out your rails within a few miles of the place where they are wanted. Then, again, all your timber lies to your hand, and your staff are Japs. There are a few European engineers, but they are quite the heads of the departments, and I believe if they were cleared out to-morrow, the Japs would go on building their lines. They know how to make 'em pay. One line started on a State guarantee of eight per cent. It hasn't called for the guarantee yet. It's making twelve per cent on its own hook. There'
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