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“...sterling
return was not good. The kerosene trade of Chefoo is almost entirely
carried on by junks with the ports on the coast from Shan Hai Kuan
to Ta-tung-K'ou, only a small percentage finding its way to the hinter-
land of Chefoo, which is more easily supplied by the railway from
Tsingtau. Chefoo is at a great disadvantage in not having a bulk
oil depot. Such depots are already installed at Newchwang and
Tsingtau, and one is shortly to be installed at Dalny, from which place
the supplies for Manchuria now bought from Chefoo will in future
be undoubtedly supplied. The Chefoo Weihsien Railway, if it ever
comes into existence, would, however, open up a new field of operations.
Sugar.There was a slightly decreased demand for sugar during
the year. Good prices, however, were maintained throughout, the
lowest prices for refined sugar in 1908 being about upon a par with the
highest realised in 1907. Japanese and Swatow native sugar com-
peted with the Hong-Kong sugars only to a slight extent, and...”
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