Issue 2 and Volume 1892 11.

WATER SUPPLY ITEMS. There is at present a deadlock in the municipality of Osaka, Japan, over the supply of a large quantity of cast iron pipes to be in connection with the projected water supply for the city. At this particular time the authorities have not sufficient funds available, and the Bank of Japan has refused to facilitate the issue of a municipal loan. The Japanese government appears disposed, however, to guarantee the interest of a loan at the rate of six per cent. The municipality of Osaka cannot itself undertake the manufacture of the pipes, while, on the other hand, it has not the necessary funds Jto bear the installation expenses which the manufacture at the imperial arsenal would entail. Besides, if these pipes were manufactured in Japan under these conditions they would be from fifteen to twenty per cent dearer than the imported article. Here is an opportunity…

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