Groat Britains exports to Hongkong have decreased about 50 per cent and her imports from Hongkong have decreased about 40 per cent. The aggregate of her exports into both China and Hongkong have decreased from �8.800.000 in 1880 to �7.150.000 in 1895. On the other hand. the trade of Japan with Hongkong has been rapidly increasing. In all our calculations with respect to the Chinese trade we must not forget that there is Japan and British India right at the door. and the chances are that for an indefinite period Asiatic industry will be able to supply a large part of the demand for Asiatic consumption. These demands. Mr.