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“...4 PAKHOI.
average figures for the five years 1905-09 cover partly a somewhat
larger commercial hinterland than Pakhoi can pretend to now, since
the opening to trade of Nanning and Kwangchouwan.
A remarkable feature of the year has been the steadiness of ex-
change, the average rate of the Haikuan tael during 1911 being 2s. Sy^d.,
the same as in 1910.
The following tables show the gross and net values of the trade
of the port during the last two years, in sterling and in currency.
Table showing Gross and Net Values of Maritime Customs Trade
(showing apportionment of Foreign Trade between Hong-Kong
and Indo-China).
Sterling.
1910. 1911.
Foreign goods from— £ £
Hong-Kong ... 222,343 195,134
Indo-China ... 2,240 1,705
Total foreign imports 224,583 196,839
Re-exported to foreign countries-—
Hong-Kong ..................206 269
Indo-China ..................80
Total foreign re-exports 286 269
Native produce—
Imported (chiefly from Hoihow) 5,231 2,451
Exported to foreign countries—...”
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“...the increased use of foreign clothing, caps, underwear and socks,
a considerable expansion in the import of these articles is confidently
anticipated. The future of exports will largely depend on the progress
of events in Canton, the largest customer of native products. The
lack of money renders it unlikely that the new administration will
be able in the near future to contemplate seriously any schemes for
improvement of communications, which are urgently needed, and
the proposed railway to Nanning to tap the resources of Kwaiigsi
seems to be as far distant as ever. i; i .
The troubles have served to demonstrate the absolute dependence
of the commercial prosperity of the district on the Cantonese hongs,
to Whose public-spirited energy the preservation of Pakhoi from the
looting which befel its neighbour town of Limchow is chidly..due.
In spite of their severe losses at Limchow it is encouraging to note
that they show no signs of abandoning the district. . . ' .; ''/'/'
At present the...”
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