It is estimated it approximately ninety percent

It is estimated it approximately ninety percent. From trade in the world it is spent after the credit. And in any country of the world commercial credits so freely given as in the United States. It is the earth apparently unlimited belief in mankind, and still the earth on which often prevailed the dangerous assumption, wastefulness, and bankruptcy. Statistical data show it approximately ninety five percent. From our dealers 'not in a condition to succeed,' and still no other country can brag about such riches, industrial energy, and generous confidence in business integrity. While not money in which it cannot settle a debt, it it is necessary to consider the credit as very strong agent in capital creation. The credit - other name for trust. The business world bases the confidence or trust to men on their character and resources. And degree of this trust becomes unique restriction of purchasing capacity of the businessman. At it, who can show definitively ability and an arrangement to carry out of obligations, there is it within its power to order [255] capitals or the goods of others. The credit - one of fruit of higher civilisation
And a strong condition of business of the country. It means quality of the government, also, which should not depreciate. The nations which most successfully and fairly operate and show the majority of stable conditions of currency also, show us the most extensive and effective systems of the credit. Strongly truly, that these same nations have passed in many cases through the periods of the big disaster from widespread refusals and a serious panic, but it also should be accepted in attention, that these bankruptcies - more often abusing prosperity than a product of a disastrous situation. Self-confidence in men and things has led to the assumption and has accelerated bankruptcy. And if it to be convinced which to inappropriate expansion of the credit is traced number of our financial disasters, it is possible to tell with still force, that all our stimulus to industrial achievement was and still depends on generous realisation of the credit. Building of our railways and channels, operations of our mines, improvements of our big areas of a farm, a building of our cities and cities, and developments of our extensive industrial interests - all result of the trust which has had a rest in men and industrial interests which they represent.
IMPORTANCE OF THE HIGH STANDARD OF THE CREDIT TO BUSINESS MEN

The second big industry of the Great Britain - the woollen manufacturing

The second big industry of the Great Britain - the woollen manufacturing. This industry in England, mainly in West Yorkshire, area which also is supplied by coal as, is Southern Lancashire. Leeds (410 000) and (232 000) is two basic places of the industry, but Huddersfield and Halifax - also important 'fabric cities,' and many other communities are identified with manufacturing woollens. Noted 'the West of England' fabrics is made mainly in Gloucestershire, where their manufacturing in city Stroud - a survival of the ancient industry once the general everywhere on the whole county. In Scotland there are two centres of the woollen industry. The first and the most important is in southeast Scotland where, in the Tweed valley (in Galashiels, Hawick, Jedburgh, etc.), well-known 'Scottish tweeds' are made. The second is in valley Teith (the Sterling, Bannockburn, etc.) . Once sheep who were pastured on heathlands , were the main delivery of raw materials for this industry in all Great Britain, but that time long passes now. Full annual import of a wool to the Great Britain makes approximately 750 000 pounds from which approximately one half is kept for the domestic industry. Two thirds of this import arrive from [90] Australia. Wool and wool number
Factories in sets of kingdom more than 2750. Value of the woollen goods made annually, makes approximately 250 000 000$ which is approximately one quarter of a full product of the world.
LINEN MANUFACTURING OF THE GREAT BRITAIN

Before end of the organisation of a trunk or through lines, the freight has been compelled to break

Before end of the organisation of a trunk or through lines, the freight has been compelled to break the most part and to transfer an overload in the end of each line where the new corporation has lifted movement and bore it out of. To prevent this the most part and to accelerate the car of cargo, fast cargo lines on separate capitalisation have been organised. The purpose of the law of interstate trade consists in substantially to prevent discrimination and corruption in cargo charges, to provide for each person and a place only and equal processing in hands of the companies of transportation. Cargo norms are arranged and adjusted by transport associations, and various [59] conditions, and makes a compromise necessary, have made also classifications and norms about so difficult as something
Probably could be.

Заклад - transportation of the property for the purpose of debt maintenance, with a

- transportation of the property for the purpose of debt maintenance, with a condition, that if to a debt pay, transportation should become void. in shape - has really put the earths, with special point, declaring, that the grant is not absolute, but only for safety of a debt. It usually for the debtor during performance to execute also the permission of customs to export of the goods from a warehouse or the promissory note in favour of the creditor for quantity of a debt. It name the note . are often given in cases, where there is the debt existing to provide or compensate the pawnbroker against a small amount of responsibility which it can is possible to take from a name or in favour of the debtor under the mortgage. For example, when the person has confirmed someone"s note for the arrangement of the last or has gone on its obligation as a guarantee, last can execute to former indemnifications. The corporation power to put in pawn its property usually it is regulated by its character or according to the general law according to which it is organised. All should be registered at office of the register of affairs for a county in which the property is located. The object of registration consists in giving the notice on existence to any, who could wish to buy the earth or [235] to take on it. On the same property can be a little . The first pawnbroker has the right to be paid completely at first, then
Secondly, and so on. The pawnbroker can use the as safety for loans, or it can appoint it as it is pleasant. When to requirements do not answer, the holder has under certain conditions the right on that is, excluded to advertise the property for sale and, within time established according to the law, to sell it, to satisfy . It usually for the debtor under the mortgage to insure the property in favour of the pawnbroker.

There the big companies which business it should let out bonds on safety of other bonds have been

There the big companies which business it should let out bonds on safety of other bonds have been recently generated some. The idea is similar to that from insurance of the name concerning the real estate. Such companies as it is supposed, have surpassing services to investigate securities. They buy what they consider good and under the best prices the possible. They they bring with some the company or banking establishment. With these bonds which they buy as their original property, they let out new own bonds which they sell the public and which they guarantee. Distinctions in the prices and in interest make the profit.
LOANS AND INVESTMENTS

To depreciate the note means to sell it at a discount

To depreciate the note means to sell it at a discount. Norms of the discount change according to the safety offered, either character of the loan, or the state of the monetary market. For the usual bill of norm run from four to eight percent. The notes received both given by commercial buildings and depreciated banks, usually not during longer period than four months.
VIII. CLEARING HOUSE SYSTEM

The great commercial nations of the world all try to receive now actions of trade of this extensive

The great commercial nations of the world all try to receive now actions of trade of this extensive and densely populated country. For not only China (Appropriate) big and densely populated, but also it also is rich, as its inhabitants and are hardworking and modest, and, besides, in comparison with people of the European countries they have been very saved fatal consequences of war destroying trade, both foreign and interstine. Several centuries ago Chineses have made the big progresses to a civilisation. Their skill in industrial arts, and in agriculture and gardening, the whole eternity surpassed skill of the Western nations. But, unfortunately for their advancement, they are conservative, arrogant, and to improvement, especially if they study improvement of others. As [141] nevertheless they almost have completely ignored ideas and methods of a modern Western civilisation. They have hardly any railways, but
It is a little the steamships, almost any enterprises of the steam power, and any phones. Unique modern improvement which they very much used, is telegraph. Several years ago (in 1876) the European company has provided the privilege of construction of the short railway from Shanghai, but it has been hardly constructed before the government became afraid of its influence both bought up it and has stopped its management. But the Chinese people not to foreign trade; on the contrary, they love it enough. If only the thing could happen in China which has happened in Japan that is if only the government could fall in hands of governors which were unbiassed to improvement and felt propensity to be progressive - an impulse, which China will make to a civilisation and acceptance of modern trading methods, and modern processes of manufacturing would be shaking.
PORCELAIN FOREIGN TRADE

Australia has many features

Australia has many features. It has only one big river, and even which becomes a number of the isolated associations in the summer. It does not have any high mountain chain, its basic mountains which are only a number of ramparts, separating lower earths of coast from an internal plateau. Again, its four-footed animals on a birth completely differ from that of other continents, being almost everything, or it is a little or big, 'marsupials', or 'bearers of a sack', as a kangaroo. Its birds mainly songless. Its colours, generally, do not have any aroma. Its trees are the covered leaves vertically and do not throw a shade. Its local residents have not made successes to a civilisation. When Europeans at first have arrived to the country, they have found animal on a birth into which it was possible to enter any use, any native fruit, a vegetable, or grain which could be used for food. However, all European pets prosper much in the country and so make all European fruit, grasses, grains, and vege [169] tables. English rabbits, really, became the awful wrecker. Whole 25 000 000 from them have been killed in a year without any obvious
Reduction in their numbers. More than 1 000 000$ in a year from time to time have been spent to exterminate them, all is aimless.
VICTORIA

The total usually means rough or big

The total usually means rough or big. In trade it is used both concerning money and concerning the goods. The rough weight of a package includes weight of a case or [4] wrappers. The big sum of the account or declares that is, a sum of money before any grant, or conclusions are made - rough quantity
From the account. The word network is received from the Latin word meaning tidy, pure, present, and specifies quantity of the goods or money after all conclusions have been made. To tell, that the price is pure, means to specify, that no further discount will be made.

When the note is presented for payment to a maturity and not paid, to it usually object; that is,

When the note is presented for payment to a maturity and not paid, to it usually object; that is, the public of the notary does the formal statement, that the note has been presented for payment, and to payment have given up. The notice on such protest send to the manufacturer of the note and to everyone indorser.

If the businessman who has been accustomed to observe projects, continues to dishonour them during

If the businessman who has been accustomed to observe projects, continues to dishonour them during the period, banks through which pass of projects naturally conclude, that it is incapable to cover its debts.

Banks of this country do by a rule not to exchange for money the check, which will delay subject to

Banks of this country do by a rule not to exchange for money the check, which will delay subject to payment to order if the person representing the check, is not known in bank - or if it satisfies the paying cashier, that it - really person to whom money should be paid. It it is necessary to remember, however, that the check delayed to order and then confirmed in the form the addressee of payment, is really the check payable to bearer and if the paying cashier is satisfied, that the signature of the addressee of payment original it it will not be probable to be confused to exchange for money the check. In England all checks obviously properly confirmed, are paid without identification. In drawing of the check in favour of the person hardly to be known in bank circles, write its address or its business after its name on the person of the check. For example, if you send the check to John Smith, Boston, it can probably fall in wrong John"s Smith hands; But if you write the check to advantage 'John Smith, 849 Streets Tremont, Boston,' more than possibly, that the correct person will collect it. If you wish to exchange the check where you are unknown for money, and it is not convenient for the friend, which has a bank account to go with you for [243] purpose of identification, ask, that it has placed the signature in
Back your check and it is probable, that you will not have a trouble in reception, it exchanged for money. Placing its signature in the end of the check he guarantees to bank against loss. The bank is responsible for signatures of its investors, but he as it can be assumed, does not know the signature indorsers. The reliable identifier - actually the person who is responsible.
CHECKS IN THE SPECIAL PURPOSES

Japan has a foreign trade 60 000 000$ annually in export and 86 000 000$ annually in import

Japan has a foreign trade 60 000 000$ annually in export and 86 000 000$ annually in import. From export trade the basic part running from one quarter to one third, with the United States. The following greatest part with France, the following with Hongkong, the following with China, and the following with the Great Britain. But the direct action of the Great Britain - is no more than one twelfth. From trade in import the basic part, almost one third, with the Great Britain. The action of the United States - approximately one twelfth, and that from France approximately one twenty fifth. The basic export - crude silk (approximately one third whole), the silk goods (approximately one tenth whole), tea, coal, copper, rice, and matches. Export of matches makes 2 500 000$ annually. Characteristic export though they do not appear substantially in a total sum, is the floor rugs, a varnished product, a porcelain product, admirers, umbrellas, a bronze product, work of a redrink from liquors, a paper product and a papier-mache, fibre carpets, and camphor. There is also a big export of fish, a mollusc, the cuttlefish, edible sea seaweed, and collects mushrooms to China and other Asian countries. The main import - a crude clap (almost one fifth whole). Other important import - sugar (though it lifts almost 100 000 000 pounds of sugar directly annually), a cotton yarn, the cotton goods, woollen fabrics, a flannel and blankets, kerosene oil, hours, and iron and steel articles as above listed. The fishing industry - very important, and more than 2 500 000 persons are occupied in it. Number of fishing courts - approximately 400 000. Trade in fish, which includes sea , (if not for house consumption) mainly with China.