Page:Korea (1904).djvu/190

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CHAPTER XII

The commercial prospects of Korea—Openings to trade—Requirements of markets—Lack of British enterprise

The trade returns for 1900 exceeded every previous year. During the period covered by the Boxer disturbances, however, the Korean exports to China decreased, and the importation of foreign goods likewise fell off. The stimulus given to the cereal trade, by the interruption of the Manchurian export bean trade from Niu-chwang, and by the demand for food-supplies for the troops in China, more than counterbalanced this temporary decline in direct native exports and direct foreign imports. Cotton goods, however, show an increase of £14,297 over the figures of previous years; but there is a specific falling off in imports of British manufacture and origin, and a specific advance m the more important lines of Japanese goods. I append a small table revealing the comparative prosperity of British and Japanese trade at this date:

English, decrease in: Japanese, increase in:
Shirtings £59,069 Shirtings £1,731
Indian Yarn £3,056 Yarn £11,329
Sheetings and other pieces Small decrease Sheetings £40,422
Other piece goods £25,676

In time, the markets of Japan will produce everything