SHANGHAI.
988
upwards. Smaller transactions are conducted in clean Mexican dollars and copper cash. There are seven foreign and innumerable native banks in the Settlement.
Shanghai is the great emporium for the trade of the Yangtsze and Northern ports and to a considerable extent for Japan. The export of Tea from 1846 to 1850 averaged sixteen million pounds, and Silk during the same period seventeen thousand bales. The total import and export trade of 1868 was sixty-five million Taels. It rose to double that amount in 1881, but the last two years have shown a great decline. The total trade in foreign hottons, import and export for 1888, as given by the Customs Statistical Departine.it, was Haikwan Tis. 110,433,531, equal to $160,500,000 or thirty-one millions sterling, a decline of ten per cent. on the previous year, which was 122,750,226, equal to $188,000,000 or thirty-five millions sterling, against Hukwan Tis. 141,921,857, equal to $220,000,000 or forty-two millions sterling in 1881, ■ decline of about seventeen per cent. Up to 1851 the value of the trade had steadily increased. The estimated value of imports from Foreign Countries in 1883 was Tis. 5,400,000 less than in 1882 and Tls. 18,700,000 In:: than a 1871, the decrease being accounted for almost entirely through a falling off in the imports from Great Britain and Indio, and as regards the estimate 1 value of the exports and re-exports to foreign countries there was a decrease of Faikwan Tls. 1,400,000 from 1887 and of Tla, 5,600,000 from 1831. Through at the two years the value of most of the principal articles of import as well as the quantities imported and delivered continued to decline. The import (46,174 piruls) of foreign opium of all sorts was only a very slight inere 30 on that of 1882, whi: 1 shewed a falling off of over 9,600 piculs as compared with the previous year. This is attributed to an increased production of and demand for native opium, the quality of which is now much superior to what it formerly 195, There was a decrease in the export of black tea of 3,000 piculs and of over 65,000 piculs in the two years, and in Green tea of 86,600 or 145.000 piculs for the two years. The export of Silk amounted to 41,800 piculs against 44,660 piculs the previous year, 45,362 piculs in 1881, and 68,950 piculs in 1880. The import trade may be sum- marised as follows:-
174
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Imports of Foreign Goods from Great Britain... Imports of Foreign Goods from India ... Imports of Foreign Goods from Hongkong Imports of Foreign Goods from Japan Imports of Foreign Goods from United States Imports of Foreign Goods from Continent of Europe Imports of Foreign Goods from Straits and Australia Imports of Foreign Goods from Chinese Ports Imports of Foreign Goods from other Countries
•
+
ייי
L
Tls. 16,288,698
17,153,698
6,190,846
3,224,349
2,692,956
+4
2,204, 280
941, 181
477,823
356,459
|+|
H
PII
Hk. Tls. 49,530,585
Of this amount to the value of Haikwan Tls. 38,069,276 was re-exported, namely to the Yangtsze ports Hk. Tls, 19,802,243, to the Northern ports Hk. Tls. 11,036,370, to Ningpo and Southern por's Hk. Tls. 6,028,208, to Japan Hk, Tls. 575,648, to Hongkong Hk. Tls. 381,954, and to Foreign Countries Hk. Tls. 184,858, leaving a balance for local consumption and stock of Hk. Tls. 11,461,309.
Imports of Opium...
Imports of Cotton Goods...
Tls, 16,367,739
Imports of Sai dalwood I ports of Biche de Mer Imports of Birds' Nests Imports of Matubes
TI. 468,925
375,761
289.504
264,963
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209.831
185,7.0
164,256
+7+
4,408,405
15,605,059
Imports of Metals.
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3,545,429
Imports of Woollen Goods.
8,381,690
Imports of Seaweed
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936,304
Imports of Pappar
Imports of Coal...
899.349
Imports of Sapanwood
Imports of Timber
726,508
Imports of Needles
Imports of Kerosine Oil
631,123
Imports of sundries
171
Imports of Dyes and Colours
563.608
Imports of Ginseng
505,895
Hk. Tls. 49,530,585
Imports to the value of Tls. 1,228,651 were sent to the interior under Transit Passes; Metals, Coal and Sugar being the principal articles thus conveyed. The imports in foreign bottoms of native produce not re-exported amounted to Hk. Tls. 5,516,709,
Page 41 2
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