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October, 1914 This gation Co. same company re- cently purchased the sister vessels Admiral Dewey and Admiral Schley which have just arrived from New THE MARINE REVIEW York and are to be placed on the Seattle-San Francisco route this month. The Princess Victoria is a fast passen- ger steamer operating for the Canadian '989 Pacific on the triangular route be- tween Seattle, Vancouver and Victoria, B. C., and has been a favorite with the trade. After the World's Markets Showing With What Wonderful System Great Britain is Going After Germany's Export Trade--A Lesson To Us VERY manufacturer, banker, mer- chant and all boards of trade should read the following article, reprinted from the London Times, be- cause it reveals the promptitude with which Great Britain is going after new markets, setting an example which this country in strict justice to itself should not be slow in following. Both Mr. -Harcotrt, Secretary <of State for the Colonies, and Sir Edward Grey are taking part in the organized effort which is being made to secure for British manufacturers the trade with our colonies and with neutrals which was before the war largely in the hands of Germany and Austria- Hungary. The following communication was issued from Downing street: Bearing in mind the sudden cessa- tion of the oversea trade with Ger- many and Austria the Secretary of State for the Colonies, with a view to alleviating to some extent the loss of business and employment both in the United Kingdom and the colonies, telegraphed on the 15th inst. to some of the more important colonies not possessing responsible government to remind them that it is of the utmost importance to have full information up to date respecting the principal im- ports into each colony from Germany and Austria and as to the products of each colony hitherto exported to those countries. The Secretary of State has further desired that he should have by the earliest opportunity particulars as to the leading lines of articles of trade with Germany and Austria, illus- trated by samples in the same way as Was arranged in 1895. The Secretary of State has it in mind «that action on the above lines will not only be an immediate benefit as regards employment in the United Kingdom, but should also lead to the Permanent advantage of British trade in general. It is understood that the trade com- Missioners in the various self-govern- ing dominions are already kept closely "n touch with the requirements of the trade in those dominions, and collec- tions of samples of different lines of goods in which British manufacturers might compete have recently been sent, or are on their way from cer- tain parts of those dominions. As regards neutral foreign countries the Secretary of State for Foreign Affairs has undertaken to send a similar request to his Majesty's con- suls in all places where such an in- quiry is likely to have a useful re- sult, The present intention of the Secre- tary of State for the Colonies is that, as soon as the samples from different parts of the empire and from neutral countries are collected the traders and manutacturers of .the..United King- dom shall have an opportunity of in- specting them in a central exhibition, possibly at the Imperial Institute. At any rate, no time will be lost in mak- ing suitable arrangements to carry out this intention. : Board of Trade Campaign The Board of Trade are moving on the same lines and have devised what promises to be a fruitful campaign for assisting British manufacturers and traders to take advantage of the war by establishing themselves, in neutral as well as colonial markets, in those branches of business which have hith- erto been largely in the hands of their German, Austrian and Hungarian rivals. : ; In pursuance of this scheme the commercial intelligence branch of the Board of trade (73 Basinghall street, E. C.) are issuing to manufacturers and merchants, trade associations and chambers of commerce, monographs giving information with regard to pos- sible foreign and colonial develop- ments in certain important trades car- ried on by them or in their respective districts. The trades dealt with in the first series of monographs are cutlery, iron and steel wire, hollow-ware (enamelled or tinned), woolen and worsted piece goods and cotton hos- iery (stockings and socks). Markets Open to Attack From Britain (From a Correspondent) "He that rules the sea rules the commerce of the world, and to him that rules the commerce of the world all the treasures of the world and, indeed, the world itself."--Sir Walter Raleigh. It may be dificult. at frst to real ize the fact--though fact it is--that, in spite of the country being at war with two great powers, British manu- facturers and merchants may not only look with confidence for an early re- vival of the larger part of their over- S€as Commerce, but may also conn dently undertake the extension of their operations and the conquest, or re- conquest, of foreign and colonial mar- kets lost to them in time of peace. The world's industrial and commer- cial machine is so delicately balanced that the sudden upheaval of the last two weeks has, naturally enough, for the moment thrown it out of gear, al- though not nearly so badly out of gear as 99 business men out of every 100 would have anticipated could they have foreseen the events that have happened. Already the machine be- gins to right itself. Confidence is being rapidly restored. The commer- cial community has risen splendidly -to the occasion, and trade only waits the accustomed facilities for financing commerce to resume its normal prog- ress to an extent that seems almost incredible. The: finance difficulty is the out- - standing obstacle, both in regard to import and export trade. Lancashire, for instance, has to solve the problem of financing the importation of the cotton crop before she can obtain possession of the raw material on the manufacture of which approximately a third of our exports of manufactured goods depends. In Manchester the opinion is freely expressed that that particular problem will be solved with- in the week. In other quarters op- timism prevails with regard to im- ports of raw materials and foodstuffs. How little our import trade depends upon the two countries with which we are at war is shown in the following figures :-- British Imports in 1913 From Germany and Austria, £88,- 000,000.