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“...has been a steady decrease dating from the commencement of railwajr construction in Tonkin, the opening, under the Burma Convention of 1897, of the West River and finally, the opening by the French of Kwangchouwan as a free port in 1898. Pakhoi has been unable to contend with these powerful and permanent rival routes. Years ago prognostications were made as to the impending ruin of Pakhoi's trade, and for as many years there has been much talk of the con- struction of a railway connecting with Nanning on the West River to avoid it, but nothing has ever been done. Had such a railway been built when originally contemplated it would by now have been a paying concern, and would have done much to civilise and develop the hinterland of Pakhoi. Almost the whole of the increase in the import trade of -58,4062. took place in the first half of the year, more especially during the first quarter, when the up-country districts were practically in a settled state and transport was fairly secure. A noteworthy...”