'The main exports from China, in addition to raw cotton, were silk and tea. In reference to the latter, the ably-written report of Mr. ney 'Morse quotes, pertinently, marder to' serve asa warning to Chinese growers and guilds, from "The tions in order to when they have succeeded tu grows Yea to much better than the Chinese can. "Tels reported thatthe members the Commission were not hopeful of emulating British "methods, although tentative experiments may be made."
In the total exports, silk, which amounted to Mk. I70,000,000 comprised 81 per cent. of the trade.
Turning to shipping, tonnage centered and cleared was 72,755,547 tons—48 per cent. British and almost entirely steam; German consisting of 12 per cent. and Japan 8 per cent.
Regarding the movement treasure, gold and silver, entrance: and exist balanced to the tune oe about 49,000,000 Hk. Taels, But, takings Hongkong and ali_ paris sideration, © the Celestial Empire amed 10°1/2 million during the year.
Shanghai being the beneficiary {9f 9,000,000 taels, the entire movement of bar silver having gone through here.
Regarding currency, circulation of the Shanghai banks on December 31, 1905, was Hk." Taels 2,962,200 and their holdings of silver was Feported to be Hk. Tls. 9,100,000. The colony of Hongkong, surprisingly, had a much larger note eircula-Mon, the average having been Hk. Tis."12210,44 and during January 3006 was Hk, Tls. 14,190,000. Again, here, we see history repeating itself. Minting of those days turned out $20,- 00,000 with subsidiary coinage of 14, 100,000.
Text read from the printed page and cleaned; old type leaves the occasional error.