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subsequent years appear in the light of present information to be intrustworthy in important particulars more especially in the complicitet mattor of tranalt charges.
Again he conditions appear to have been subject to considerable fluctuation. Under the settlement made in
1908 the transmission of correspondence between Shanghai on the one hand and the Yang-tae ports, Hincpo, and the porta
in Northern China on the other, was left to the local Pant
Offine maintained by the Shanghai micinality. This arrangement, was subsequently terminated but at what date is not known. In 1880 the British Azenoics in Janan sore
closed, and the Imperial contribution of 2560 made in respect of them was withiram, loving the contribution in respect of the Agencies in China at CA10 (including £100 to the Postmaster at fong-Kong) at which figaro it remainel till the year 1908, Increase in the cost of transit and reductions in postage entes onerated to check the rise of not rovenue which otherwise would have resulted fron rorth in business;ant the growth of business has itself been chockol by the competition of the Chinese Imperial Poat and of rival Agencies established by Franco, Cammany and other comtries. boreover as their lordships are aware, since 1896 the gross postal revenue from the agencies has beon mbject to a tax in respect of Military Contributions of 1714 from
The net profit 1896 to 1001 and of 20% since that dato. to the Colony from the Agencies during this period has therefore been confined to the anormt by which in any given year the mum reprosenting 824% (or 80% since 1901 ) of the
On the grosa revemo hes exceeded the total expenditure. other hand turing those redent years in which the Agencies have been carried on at a loss, the Innorial Government has
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