than with the whole of our colonies. In 1898, the last normal year, the aggregate trade with foreign countries in British produce was £520,877,107, with our possessions £182,660,716. In 1898 the imports from the United States were £126,062,155, and from our possessions £99,433,995. The total imports were £470,544,702, so that the imports from our possessions constituted about one-fifth of the whole.
One more point of supreme significance in its bearing on the new Imperialism remains. We have already drawn attention to the radical distinction between genuine colonialism and Imperialism. This distinction is strongly marked in the