China Her History Diplomacy And Commerce From the Earliest Times to the Pres

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China Her History Diplomacy And Commerce From the Earliest Times to the Pres
Parker Edward Harper
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Formosa has now been lost to Cliina for over twenty years, and there is no more justification for continuing to discuss its condition under 156 MODERN TRADE [chap, vii Japan than there would be for discussing the trade of Hongkong and Macao under Great Britain and Portugal.
(9) Amoy still carries on the old native " Zaitun " trade with the " Straits, " the Indo- Chinese peninsula, Formosa (now Japanese), the Dutch archipelago, and the Spanish (now American) Islands, to which places large num- b
...ers of emigrants proceed annually, equal num- bers returning with fortunes made. Opium and cottons in exchange for tea and sugar were the chief items in the foreign trade of 1880. Opium and cottons in 1899 still represent half the value of the foreign imports, but in 1913 opium is extinct and moreover the local culti- vation of the poppy is eradicated. Amoy has long been and still is a declining port; besides, its trade has little interest for any foreigners except (as with Swatow) those trading from Hongkong and the Straits of Java.

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