240%
have few Mercantile Firms and but little Mercantile shipping in this part of the world, it was felt that, while France would enjoy the Military glory of the... SUCCESS offer armes, England, and, especially, the Merchants of Hongkong, would gain the chief commercial profit.
7.
It appears, however, from the terms of the Convention (Article III) that China has only engaged that "on her frontier which touches Northern Annam (that is, Tonquin), she will allow French and Annamite, and likewise Chinese goods to come and go and be disposed of freely". Of course, this is a different thing from throwing open to general trade the three South-Western Provinces, which could be approached from Hongkong not only through the new French Province of Tonquin, but also overland from Canton, and by the western affluents of the...