Excerpt from Finance in China
I Have endeavoured in this book to make a comprehensive survey of the economic conditions of China to-day, referring, whenever necessary, briefly to the past. Considerations of space have compelled me to be as brief as possible; but I have done my best to be clear. In the Chapters on "Balance of Trade" and "Sources of Revenue," I have stated as clearly as possible the premises on which my conclusions rest.
The order of the topics has not been determined by any settled plan. All the topics dealt with in the volume are closely interrelated; the indebtedness of China has certainly an influence on trade; trade has very much to do with the variations in exchange; public finance and revenue have a large bearing on the country's obligations. The study of each subject is necessary for the proper understanding of the others; and only by a study of all the topics can one arrive at a working knowledge of the economics of this country.
A number of subjects I have dealt with in this volume have not been discussed to any appreciable extent in any work published hitherto - particularly those relating to "Finance of Trade" and "Exchange and Banking." It is difficult, therefore, to escape the imperfections of pioneer work.
I have devoted considerable space to topics connected with trade for the reason that this subject has not received sufficient attention. The statistics relating to trade in Appendix B have been compiled from the Customs returns.
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