THE  CHINESE  EMPIRE

t  e  assessed  value  of  the  5,584  acres  contained  therein
was  Tls.83,000,000,*  representing  a  market  value  well  over
s.100,000,000  ;  on  2,471  foreign  and  45,328  Chinese  houses
the  assessed  annual  rental  was  Tls.8,350,000,  representing
an  additional  capital  value  of  over  Tls.100,000,000.  The
assessed  value  of  the  358  acres  of  land  under  the  French
unicipality  in  1905  was  Tls.8,500,000,  and  the  assessed
rental  of  houses  was  Tls.1,145,000.  The  soil  on  which
e  ettlement  is  built  is  described  by  a  competent  anority
  as  consisting  of  “  a  water-logged  highly  micaceous
san  o  extreme  fineness  and  of  alluvial  deposit  and  generally
Un  a*  ,,P ressure ’  w ^h  no  more  consistency  than  a  quick-San
  ,  and  it  says  much  for  the  enterprise  of  the  community ­
  that  a  modest  beginning  has  been  made  in  skyscrapers ­
  of  six  storeys  in  height.
When  the  foreign  trader  advanced  his  outpost  from
anton  to  Shanghai,  this,  the  chief  mart  of  Central  China,
was  to  him  North  China,  a  fact  preserved  for  posterity  m
e  name  of  its  oldest  newspaper,  the  North-China  Herald,
tfi  1  K  S  edition,  the  North-China  Daily  News  ;  and
e  a  sence  of  good  deep-water  ports  in  the  north  has  conmue
  to  Shanghai  its  old-time  function  of  distributing
cen  re  or  North  China  as  well  as  for  the  Yangtze  basine
  commercial  history  of  the  port  can  be  shown  by  figures
better  than  by  any  narrative
Tonnage  of  Shipping  Entered  and  Cleared
British  ..  ,86 t'  ,884 '  I9 ° 4 ’

American
German  ..
Japanese
Other  foreign
Chinese  steam

991,786  2,306,036  6,524,801
548,175  544&gt;°32  394, 6 59
116,945  105,458  1,614,027*

756  206,473  495,292
130,397  158,060  1,143,97 o

704,439  2,009,049

less  by  10  per  cent,  than  the  HaikwaO
trade  are  expressed.

’&gt;°59  4,024,498  12,181,798