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 be thrown on the general finance of the colony, it will be a drain on other forms of trade, without in any way improving them; in fact, during its construction, it will absorb labour from the general trade-oil, rubber, and timber—and, if it extensively increases the gold-mining industry, it will keep the labour tied to it chronically, to the disadvantage of other trades.

Lagos, our next Crown Colony, is a very rich possession, and under Sir Alfred Moloney, who discovered the use of the Kicksia Africana as a rubber tree, and Sir Gilbert Carter, who fostered the industry and opened the trade roads, sprang in a few years into a phenomenal prosperity. Then came the French aggression on its hinterland, the seizing of Nikki, which was one of those foci of trade routes, though possibly, as many have said, a non-fertile bit of country in itself. To give you some idea of the bound up in prosperity made by Lagos, the exports in 1892 were £577,083; in 1895, £985,595. The main advance has been in rubber, which in 1896 was exported from Lagos to the value of £347,721. Early in this year, however, the state of the Lagos trade was considered so unsatisfactory that a local commission to inquire into the causes of this state of affairs was appointed.

The publication of the Government Trade Returns for 1897 supported the long grumble that had been going on about the bad state of trade in Lagos, the imports for 1897 showing a decrease on those of 1895 by £67,474. The Board of Trade Journal, quoting from the Lagos Weekly Record of February 28th, 1898, says, "An examination of the export returns affords a clue to the direction of such decrease. It is to be noted that notwithstanding that the export of rubber in 1897 shows an excess of