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“...hankow.
9
Association, which with the world before it as a possible market has
chosen to specialise in China.
Already a start has been made. Factories using machinery of
a foreign type in existence at the present time in Hankow include
establishments for albumen and egg yolk, bricks and tiles, cement,
cotton spinning and weaving, flour, iron and steel, leather, matches,
nails and needles, paper, antimony, tea, tobacco, press packing, cold
storage, saw mills, arsenals, mint, railway works and the like.
Altogether the number must be 60 or 70. The management varies
from exclusively foreign to exclusively Chinese, and many are under
Chinese financial and foreign technical management. Concerns
under Chinese management do not publish any statements affording
a clue to their position, but in many cases the enterprise is known
to be a failure while it is doubtful whether any one could be pro-
nounced definitely to be a success.
Imports.—The value of the net foreign imports into Hankow in
1912...”
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“...Government
20 per cent, of the profits. He has to use imported nail rods, which
come from Belgium or the United States.
Wines and spirits.—There is an increasing business done with the
Chinese in cheap quality ports and sherries, but the amount of good
wines imported is quite small.
Paper.—The Chinese newspapers are nearly all printed on im-
ported paper, and there is a large business done with Norwegian and
Swedish mills in this class of paper. The Government Printing Works
import better quality papers and the paper mill at Wuchang also
takes paper-pulp from these mills. Nothing has been turned out
yet from the large paper mill which has been erected at Seven
Mile Creek, but later on there should be a demand for pulp of all
kinds.
Piece-goods.—There are very few orders for piece-goods placed
with Hankow houses. Most of the Chinese piece-goods hongs are
branches of Shanghai hongs and all the orders are placed in Shanghai.
Efforts are now being made to conduct this business at Hankow
and...”
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