To the Editor of the Dear Sir,—Your slashing article on the Courier's article anent Chinkiang and its sometithe Transit Pass trade, is based on one fundamental error which renders it wholly ineffective,—and that is, the assumption that the barter of foreign cods for goods brought down under the transit Passes ever existed to any apprecia able extent. This assumption can be ranted. proved by Customs statistics to be unwary
That, however, is a mere question of detail as to whether the little temporary briskness had any real effect on foreign trade, other than the gain obtained by sale of the documents, No sane person vould, T imagine, attempt to deny that the continuance of the issue of Transit Passes would ultimately benefit Foreign Trade, or that the permanence of so cheap and easily checked a method of collecting revenue would bea boon to the Chinese Government directly, as well as indirectly,
Text read from the printed page and cleaned; old type leaves the occasional error.