Note 28 — Chapter XVII

The mediaeval condition of Chinese trade taxation is well illustrated by a Memorandum which the reader will find in the appendix. One example may be quoted. Timber shipped from the Yalu river, i.e. from Chinese territory, to Peking, pays duties at five different places, the total amount of which aggregates 20 per cent. of its market value; whilst timber from America, with transit dues and Peking Octroi added, only pays 10 per cent.! China is probably the only country that has ever existed that discriminates against its own goods and gives preference to the foreigner,—through the operation of the Treaties.