industries, I ventured in the first edition of this book to predict that the Japanese would not long remain a tributary to Europe for iron goods — that their ambition was also to have their own shipbuilding yards, and that the previous year 300 engineers left the Elswick works of Mr. Armstrong in order to start shipbuilding in Japan. They were engaged for five years only — the Japanese expecting to have learned enough in five years to be their own shipbuilders. This prediction has been entirely fulfilled. Japan has now 1,030 iron and machine works, and she now builds her own warships. During the last war, the progress realised in all industries connected with war was rendered fully evident.25
All this shows that the much-dreaded invasion of the East upon European markets is in rapid progress. The Chinese slumber still; but I am firmly persuaded from what I saw of China that the moment they will begin to manufacture with the aid of European machinery — and the first steps have already been made — they will do it with more success, and necessarily on a far greater scale, than even the Japanese.