| 1 |
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“...for falling-off in trade; heavy taxation; China teas are
being ousted from the market .. .. .. .. .. .. 14
Miscellaneous exports—
Treasure : increase in export of gold, decrease in import of silver ■. 15
Local industries: short account of growth; Municipal Council;
Imperial Maritime Customs .. .. .. .. .. ..15
Right to import machinery at last acknowledged by Chinese authorities 16
Japan-Chino Commercial Treaty .. .. .. .. •. 16
Proposed tax on local industries .. .. .. .. .. .. 16
New mills, probable output .. .. .. .. .. .. 17
The gold standard in Japan; its probable effect on foreign countries .. 17
Increased value of land and buildings in Shanghai .. .. .. .. 17
Shanghai-Woosung Railway ,. .. .. .. .. .. ..17
Extension of settlement still in abevancc .. .. .. .. 17
Opening of Hanchow and Soochow to foreign trade .. .. .. IS
Future prospects of trade at these ports .. .. .. .. .. 18
Trade and industries of Shanghai steadily progressing .. .. .. 18
Tables...................”
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| 2 |
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“...and the North of China. These districts were most
affected by the war, and during the war the amount of these goods
imported was very small. This fact appears in the statistics of
1895 as an extraordinary drop in the imports from America. The
great increase in 1896 is only the natural result of the decrease in
1895.
On the whole list of cotton piece-goods there is nothing
alar.ming to British industries so far as the competition of countries
—other than China—is concerned. With regard to the mills
established in China, I shall have some remarks to make later on,"
for the present, I need only say that there are no statistics
available of sufficient authority, such as those given in the six
preceding tables, upon which to base similar calculations.
As to yarns, it appears that the importation from England
remains practically stationary, but there is a large increase in
Bombay yarns, and a still larger increase in those from Japan.
Mr. Jamieson, in his report for 1895, states that in the...”
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| 3 |
 |
“...1-1
CHINA.
Municipal
Council.
Imperial
Maritime
Customs,
Riglit to
import
machinery at
last acknow-
ledged by
Chinese"
authorities.
The Japan-
China Com-
mercial
Treaty.
Proposed tax
on local
industries.
New mills.
1853 came the T'aip'ing rebellion and the seizure of the native
city by the Triad Society. This seizure was accompanied by tlie
complete disorganisation of the native customs and caused the
foreign residents to realise the necessity of organising a police
force to cope with the rowdy elements which crowded into the
Settlement. The local rising of the Triad Society and the occupa-
tion of the Shanghai native city by the rebels was the proximate
cause of the institution of two most powerful factors in the growth
of Shanghai and China generally. From the committee, which
was originally created to look after the roads, sprang the Municipal
Council which now raises and spends some million taels a year,
and from the commission, which was then nominated to collect
the customs...”
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| 4 |
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“...SHANGHAI.
17
preparatory to beginning operations in 1897. Before the year is
out we shall see about 275,000 spindles in operation, and the out- probabie
turn of the Shanghai mills will probably be 424,000 bales, or output,
about 552,000 piculs. These mills will not for many years, if
ever, compete with Lancashire. Their first effect will be to stop
the import from Japan and India, and this interference with the
trade of India is the only circumstance detrimental to the trade
of the British Empire which is to be anticipated from their success.
I speak only of the near future, for what may be the ultimate
effect of the development of manufactures in China and Japan
upon the trade of Great Britain it is impossible to foretell.
Japan seems to be bent upon the introduction of a gold Tlie gold
standard, and those here in China, who see in silver-using 111
countries the future manufacturing countries of the world, look
upon this step on the part of Japan as one which will greatly
assist China...”
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