Part II of an 1893 Economic Journal note on whether the British cotton industry is in decline. It argues that the silver-gold exchange disturbance, falling prices and rising effective foreign tariffs have slowed exports, and presents tables of cotton piece-goods and yarn exports to India and China for 1883-1892. It then lists Lancashire's lasting advantages: moist climate, cheap ocean transport, skilled labour, Manchester's commercial organisation and free trade. It concludes that the industry is not in permanent decay.