villages, sacked temples, outraged women, massacred and attempted to encourage regular week-end visits. The draft, however, insisted upon a simple and direct, is as follows:— Hk. Taels | Hk. Taels | Hk. Taels 1914 569,241,382 356,226,629 925,468,011 I9I5 454,475,719 418,861,164 873,336,833 1916 516,406,995 481,797,366 998,204,361 I9I7 549,518,774 462,931,630 1,012,450,404 1918 554,893,052 485,883,031 1,040,776,113 1919 646,997,681 630,809,411 1,277,807 ,092 1920 762,250,230 541,631,300 1,303,881,530 1921 906,122,439 601,255,537 1,507,377:976 1922 945,049,650 654,891,933 1,599,941 ,583 1923 923,402,887 752,917,416 1,676, 320,303 ‘Net imports, 7.e., the reduction of arma- ments could be taken on the double border of the two