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“...consideration the unsettled conditions, the result may be regarded as satisfactory on the whole, especially as regards foreign exports, which surpassed the currency totals for the past two years, though imports showed a decrease. Average currency values for the years 1906-10 are given in the appended tables, but it is probably only since 1909 that the trade hinterland of Pakhoi has covered its present area, which used to be considerably more extensive before the opening to foreign business of Nanning on the West liiver in 1907. A Maritime Customs-house has been established at the French port of Kwaugchouwan, but, opium apart, this probably does not divert much business from Pakhoi. Table showing Gross and Net Values of Maritime Customs Trade (showing apportionment of Foreign Trade between Hong-Kong and Indo-China). Sterling. 1911. 1912. Foreign goods from— £ £ Hong-Kong ... 195,134 218,459 Indo-China ... 1,705 2,301 Total foreign imports ... 196,839 220,760 Re-exported to foreign...”