At the present time the exports of coal entirely balance the imports.

As to the textile industries, the imports of raw cotton into Austria-Hungary reached in 1907 the respectable value of £12,053,400. For raw wool and wool yarn they were £6,055,600 worth, and for silk, £1,572,000; while £3,156,200 worth of woollens were exported.

According to the census of 1902 (Statistisches Jahrbuch for 1911), there were already, in Austria-Hungary, 1,408,855 industrial establishments, occupying 4,049,320 workpeople, and having a machinery representing 1,787,900 horse-power. The textile trades alone had in their service 257,500 horse-power (as against 113,280 in 1890).

The small industry evidently prevailed, nearly one-half of all the workpeople (2,066,120) being employed in 901,202 establishments, which had only from one to twenty persons each; while 443,235 workpeople were employed in 10,661 establishments (from twenty-one to 100 workpeople each). Still, the great industry has already made its appearance in some branches—there being 3,021 establishments which employed more than 100 workers each, and representing an aggregate of 1,053,790 workpeople. Out of them 105 establishments employed even more than 1,000 persons each (115 establishments, 179,876 workpeople in 1910).

In Hungary industry is also rapidly developing; it occupied 1,127,130 persons in 1902 (34,160 in the textiles, and 74,000 in mining). In 1910 the exports of all textiles (stuffs and yarns) from Hungary reached the sum of £7,040,500.

H.—COTTON MANUFACTURE IN INDIA.

The views taken in the text about the industrial development of India are confirmed by a mass of evidence. One of them, coming from authorised quarters, deserves special attention. In an article on the progress of the Indian cotton manufacture, the Textile Recorder (15th October, 1888) wrote:—

“No person connected with the cotton industry can be ignorant of the rapid progress of the cotton manufacture in India. Statistics of all kinds have recently been brought before the public, showing the increase of production in the country; still it does not seem to be clearly understood that this increasing output of cotton goods must seriously lower the demand upon Lancashire mills, and that it is not by any means improbable that India may at no very distant period be no better customer than the United States is now.”

One hardly need add at what price the Indian manufacturers obtain cheap cottons. The report of the Bombay Factory Commission which was laid before Parliament in August, 1888, contained facts of such horrible cruelty and cupidity as would hardly be imagined by those who have forgotten the disclosures of the inquiry made in this country in 1840-1842. The factory engines are at work, as a rule, from 5 A.M. till 7, 8, or 9 P.M., and the workers remain at work for twelve, thirteen, fourteen hours, only releasing one another for meals. In busy times it happens that the same set of workers remain at the gins and presses night and day with half an hour’s rest in the evening. In some factories the workers have their meals at the gins, and are so worn out after eight and ten days’ uninterrupted work that they supply the gins mechanically “three parts asleep.”

“It is a sad tale of great want on one side, and cruel cupidity on the other,” the official report concludes. However, it would be absolutely erroneous to conclude that Indian manufactures can compete with the British ones as long as they continue the terrible exploitation of human labour which we see now. Forty years ago the British manufactures offered absolutely the same terrible picture of cruel cupidity. But times will come when Indian workers will restrain the cupidity of the capitalists, and the manufacturers of Bombay will be none the worse for that in their competition with the British manufactures.