It thus happened, therefore, that the primary business of native banks resolved itself into one of money changing. There was, of course, the usual banking business of loans, deposits and bills, etc.; but they were rarely looked upon as important sources of revenue. It was at this stage that the foreign trade began to make its influence felt on native banking. The trade of the foreigners, even as late as 1840, was altogether confined to the one port of Canton. The articles of foreign manufacture had to be brought to Canton and from thence distributed all over the country; and Chinese produce had also to be brought to Canton, transactions settled, and the goods shipped from that port. Such a restriction was a great impediment to the progress of foreign commerce; and a discussion on that subject is beyond the scope of the present volume. But the effect on banking was to accentuate the business of the dispatch of funds from one place to another. When foreign manufactures were brought to Canton arrangements had to be made to sell them to provinces as distant as Hupeh or Shansi. That meant, of course, that the merchant or merchants in Hupeh should dispatch the money to Canton and receive the goods for sale in their own respective provinces. Or when the foreigners wanted to buy tea, silk or any other produce, the money had to be sent to the place of production from Canton and the goods dispatched to Canton after the receipt of the money. It is not necessary on my part to state that there was no credit then in China; or, for the matter of that, at no period in her history.