— 73 — 
oil. There is no doubt that the American merchants have done 
themselves an enormous amount of harm by this manipulation, and 
have brought the American oil into ill repute in Europe. 
According to official data, the total shipments from Japan during 
the year 1903 to the different ports, were as follows: — 
To 
1. Liquid separated oil. 
London 
12 735 catties 
Hamburg . 
9900 
Hong Kong . 
4546 „ 
New York 
I 790 n 
Bombay . 
1375 
Havre . . . . 
675 . 
IL Peppermint crystals. 
Hamburg . . . 
17235 catties 
London . 
14895 
Hong Kong . 
5862 „ 
New York 
3825 „ 
Bombay . 
2359 
San Francisco 
900 
Java . . . . 
630 „ 
Seattle . . . . 
450 
x\ustralia . 
135 
Shanghai . 
94 n 
Calcutta . 
25 
3 I 02 I catties 
46410 
Total (oil and crystals) 77341 catties 
103340 lbs. 
If the result of the last harvest is taken as already mentioned, it 
is probable that at the close of the year 1903, at least an equal 
quantity was still in Japanese hands. 
Since the beginning of 1904 the trade in this article has been 
exceptionally brisk; it may be taken for granted that at the present 
time the stocks in Japan are much reduced, and they may now scarcely 
amount to 50000 catties, a figure which must lead to a favourable 
opinion on the situation. 
The exaggerated prices of American oil have in many cases assisted 
the introduction of the Japanese oil. 
Peppermint Oil, Mitcham, The available stocks of pure original 
distillates are estimated very low, and are mostly held back for the 
home demand. There is an absolute absence of offers of this oil: 
"so-called" Mitcham oil, on the other hand, can, as always, be bought 
