An 1895 article from The Economic Journal on the Indian import duty of 5 per cent on cotton goods and yarns, reimposed in December 1894. It argues that the accompanying excise on Indian yarn finer than 20s does not neutralize the protection given to Indian mills, partly through the 'law of substitution'. It also argues that the duties harm Lancashire manufacturers, especially in the Blackburn district. The scan opens with the end of an unrelated article on the boot trade and closes with the start of a note on the prices of the rupee and silver.