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“...under present conditions,
does not appear likely to do so, but much of the trade from Hong-
Kong to Yunnan and vice versa is now going by the Red River.
The goods—mostly Yunnan tin and Indian yarn—passing by this
route were valued at over 1,333,333?. 6s. 8d. in 1901, an increase
of 50 per cent, on the previous year. An attempt is now being made
to divert the tin from Hong-Kong and ship it direct to France,
and the yarn trade may also be affected in the near future by the
competition of the Tonkin mills, which have already secured a
hold on the local market to the prejudice of the imported article.
I am indebted to the courtesy of the Commissioner of Customs
for early access to the returns of trade....”
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