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“...andCo.'s Ichang steamer made fewer trips, while Norwegian
vessels reduced their trade beyond the China coast.
Japanese tonnage showed a very large increase, due to the Japanese,
employment of their own vessels in the exchange of Moji coal for
Huang-shih-kang iron ore and to the full development of their
Yangtse lines.
The Russian figures were swelled by their steamers taking a Kussiun.
share in the importation of Japanese coal, and especially by the
recovery of the briclc tea trade to Russian Manchuria and Siberia.
The import trade from Shanghai is reported to have proved Business on
unsatisfactory to the British and Chinese combination, which, lower river,
however, retains its hold on it. The Japanese take the fullest
advantage of the proximity of their country to feed their Yangtse
steamers with through shipments, and, fostered by a subsidy which
enables them to reduce their freights, their competition is likely to
be felt more and more by the older lines which, so long as their
business...”
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