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“...8 NINGPO. yam a year, is run entirely by Chinese management, labour, and engineering. It claims to have been a success, while the mills at Shanghai, owned and superintended by foreigners, have proved a failure. Reasons for the difference are to be found in the proximity of the Ningpo mill to the cotton fields, in tire cheaper rate for labour due to want of competition, and in the dispensing with costly foreign assistance. On the other hand, it is doubtful whether proper care is taken of the machinery, which is worked night and day continuously, or sufficient sums written off for its depreciation. Ten. Tin fall in tea (now all Pingsuey) is, perhaps, more apparent than real. In previous years a quantity of leaf was shipped from these districts, which either failed to find a market or was, on its arrival in America, the chief destination of Ningpo teas, condemned by the Customs Inspector. Last year's shipments, though less in quantity, were of higher grade and fetched fair prices. other...”