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“...previous Report, Annual Series No. 3929.
Report on the Trade of Chefoo for the Year 1907
By Me. Consul Moktimoke.
Net trade of the port.—The year 1906 was marked by a general
depression of trade at -Chefoo, and has proved a disastrous one to
native merchants, 300 of whom failed after the midsummer settle-
ment while some 200 more were compelled to close their establish-
ments before the end of the year. Two reasons are given for the
falling-off in the trade during 1906:—
(1) The buyers from Manchuria, who used to regularly visit
the port, have gradually ceased to do so, owing to their now being
able to make their purchases at Dalny, where Japanese merchants
supply goods specially made for the northern markets at the same
prices as the Chefoo merchants are able to buy them in the first
instance in Japan; and a considerable saving in transportation
charges being effected when goods are purchased at Dalny, it is only
natural that the northern merchants should favour this port at the
expense...”
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