Imperialism, A Study

distinction which the facts and figures serve to emphasise is that between the tropical and the nontropical colonies; and their political bearing rests upon the fact that the new Imperialism is perforce driven more and more into the annexation and administration of tropical countries. Taking under survey our whole Empire, we reach the conclusion that, excluding our commerce with India, the smallest, least valuable, and most uncertain trade is that done with our tropical possessions, and in particular with those which have come under imperial control since 1870. The only considerable increase of our import trade