[The Story of the Philippines and Our New Possessions, by Murat Halstead]@TWC D-Link book
The Story of the Philippines and Our New Possessions,

CHAPTER IX
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There is also a non-subsidized line running from Manila to Hongkong every two weeks, and connecting there with the English, French and German mails for Europe, and with the Pacific mail and Canadian Pacific steamers for Japan and America.
There has been no considerable development of manufacturing industries in the Philippines.

The only factories are those connected with the preparation of rice, tobacco and sugar.

Of the manufactures and arts, in which Japan so excels, there is no evidence.
The foreign commerce amounted, in 1894, to $28,558,552 in imports, and $33,149,984 in exports, 80 per cent, of which goes through Manila.

About 60 per cent.

of the trade is carried in British vessels, 20 per cent.


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