Revenue for China in 1915 was no larger than what it stood in 1908, Hk: Tls. 36,000,000. Shanghai collected about one-third.
In the general trade Japan was first, Great Britain second, and the United States third, the comparative Agures being:
Japanese College Established Along. the lines of this important feature in the progress of China and this city, the following extract, written with foresight, by Mr. F. E. Taylor, Statistical Secretary of the Customs, in his report of foreign trade for the year 1015, is pregnant with guidance. Tu his observation Fecording the Japanese alertness and wisdom he saysi—
"About 18 years ago a.tral yas established at -Shanghal by the apanese known as Tung Ya Tung Wen Shu-yuan, which was assisted by The last year of this decade was) experiencing the effects of the earth-[shaking upheaval in Europe. The World War had the effect at first to interfere in a marked degree during 1915 with the commerce of this port. There was a scarcity of tonnage and rise in freights. The year also was the occasion of the Japanese present ing their Twenty-one Demands, This action created apprehensions of disturbances, when it was mooted that
Text read from the printed page and cleaned; old type leaves the occasional error.