— 24 — 



The oil is colourless, has a clearly perceptible odour of cajuput, and con- 

 tains 45% cineol, but the method by which the cineol-content was determ- 

 ined is not mentioned. 



Camphor Oil. In the course of the summer months the position of 

 this important article, which is used for a great many different pur- 

 poses, has undergone very little change, although the rumours of the in- 

 tended utilisation on the spot of the entire oil production of the island 

 of Formosa have not been confirmed. Only few considerable parcels of 

 crude oil were offered, and for these it was necessary to pay the prices 

 demanded, because all stocks in Europe were exhausted, and the United 

 States, in view of the high prices of turpentine oil, bought camphor oil 

 without any restraint. We have also purchased large quantities, but we 

 believe that in the face of the prevailing conditions, especially the brisk 

 demand for substitutes of turpentine oil no reductions in prices are to 

 be expected for the next few months, either in light or in heavy camphor oil. 



Our earlier statistical returns relating to the camphor industry of 

 Japan and Formosa 1 ) may be completed by the figures given below. 



According to the Ninth Financial and Economic Annual published by 

 the Japanese Ministry of Finance, the national revenues from the camphor- 

 monopoly in the course of the last few years have been as follows : — 

 Year: 1907/08 1908/09 1909/10 



Yen: 898165 62387 1050 



The national expenditure on the camphor- monopoly has been as 

 follows: — 



1904/5 1905/6 1906/7 1907/8 1908/9 1909/10 

 Yen : 59 624 571 827 762 726 859 747 — 



In this case, therefore, the returns for the last two financial years 

 are wanting. As regards the output, the Annual Report states that the 

 production of 1605 distilleries in 1907 amounted to 743509 Kwan crude 

 camphor, of a value of 474068 Yen, and to 958 106 To camphor oil, of a 

 value of 315885 Yen, total value 789953 Yen. Obviously these figures 

 refer merely to Old Japan, as is very evident from the export-figures for the 

 years 1907 and 1908, the values of which, in Yen, for the principal coun- 

 tries of shipment are as follows: 



British India . 

 France . . . 

 Germany . . 

 United Kingdom 

 United States . 

 Other countries 



Total 



1907 



1908 



1069354 Yen 



355903 Yen 



604733 „ 



301 621 „ 



1301544 „ 



375642 „ 



158651 „ 



147331 „ 



1689577 „ 



731 004 „ 



202999 „ 



151909 „ 



5026858 Yen 



2063410 Yen. 



!) Report April 1907, 16; October 1907, 20; November 1908, 29; April 1910, 22. 



