Page. 16
ANADIA
RAILWAY
6 DAYS
10 DAYS
5 DAYS
GoEMPRESS to America, Europe
Hong Shang- Naga- Empress Kong hai
of
Leave Arrive Leave Leave
Victoria
Arrive
Van-
sakk. Kobe
kama Honolu
Leave Leave
Russia
Japan
Asia
Oct 27
Nov. 11
Nov. 25
Oct. 29 Oct. 31
Nov. 13
Nov. 27 Nov. 29
Nov. 2 Nov. 5
Nov. 16 Nov. 18 Nov. 24 Dec. 1 Dec. 3
Nov. 14 Nov. 29
Dec. 12
BOOKING PLANS FOR 1939
ARE OPEN ·
MAKE APPLICATIONS EARLY
to secure accommodation desired.
THE CHINA MAIL, OCTOBER 20, 1938.
EXPORT TRADE OUTLOOK CAUSING DISQUIET
London, To-day.
The Parliamentary Secretary of the Department of Overseas Trade, speaking at Sheffield, said that unfortunately the upward trend of British exports ceased towards the end of last year, and in the first half of 1938 there had been a drop of over ten per cent.
couver "Every possible method of improving our competi
tive position should be explored. Among these I am convinced one of the most important is to devise effective machinery to enable industries in this country to speak on equal terms with competing industries abroad."
Air-conditioned equipment on C.P.R. Trans-Continental Trains. Frequent Canadian Pacific Atlantic sailings to European ports.
TO MANILA
Empress of Russia on Thursday, October 20th.
ARRIVES 2.00 P.M. SAILS 10.00 P.M.
Canadian Pacific
Union Building
SPANS THE WORLD
Telephone. 20752
PRESIDENT LINER
*SAILINGS
S.S. "PRESIDENT COOLIDGE"
sailing
on OCTOBER 21st, at 9 a.m.
for
SHANGHAI
Kobe
Yokohama
Honolulu
SAN FRANCISCO and LOS ANGELES
Mr. R. S. Hudson went on to re-
fer to the high standard of living
and unrivalled social services BERLIN-CZECH
Britain, and said to maintain both those standards and its competitive position abroad, Britain must clear- ly show determination equal toʻthat of other countries and match their progress with advances in its own efficiency of production and organ- igation for export.
This called for united effort both from employers and employed,
ECONOMIC
NEGOTIATIONS
Prague, To-day,
The Czechoslovak Finance Min- and not merely from those ister, Dr. Kalfus, left here yester- industries engaged in export trade but also from industries for-day for Berlin accompanied by tunate enough to be engaged in three high officials in the Ministry supplying some protected market. of Finance to participate in the economic negotiations with the
SPECIAL MEETING
Points touched on by Mr. Hudson Reich.
were also discussed at a special Informed circles are unable to meeting called in London by the As-state whether the Minister for In- sociation of British Chambers of dustry and Commerce, M. Karvas, Commerce to consider the export the Minister for Agriculture, M. trade.
Feierabend, and the Minister with- out Portfolio, M. Vayrecka will also Sir Granville Gibson expressed make the trip to Berlin as it was the view that the cheap money po- previously announced, it being licy had lost its driving power so merely declared that the Ministers far as the export trade was con- had received instructions to deal cerned.
with the German-Czechoslovak
whether
The problem was not producing settlement insofar as it concerns but selling, and he asked if over-their field of activity. sea selling organisations of British It is thus not certain industry were sufficiently skilful. they personally will attend the con- He mentioned the possibility ferences in Berlin since a Czecho- hinted at by Mr. Hudson that they slovak delegation is already pre- ought to consider related trades of sent. Political circles intimate selling for export through some cen- that each of the four Ministers tral organisation or even amalgam may visit, Berlin in the course of ation of firms operating with simi- the negotiations but whether they lar goods in similar markets.
will be there simultaneously unknown.
QUOTAS CONDEMNED
Sir Cecil Weir condemned quotas, and complained of prohibitively high tariffs and foreign · export bounties, but the representative of
LOCAL DOLLAR
is.
The demand "rate on the Hong
the coal trade defended the quota Kong dollar to-day was 1/2-27/32. system, without which, he argued,
it would be impossible for British "Spot" silver was quoted in coal exports to compete in foreign London at 19-13/16 and forward at markete against subsidised · coal | 19-5/8... exports from other countries.
The London on New York rate
the- rate. at
Mr. D. Hamilton, of Bradford, cri- quoted at £-U.S.$477.87 and
New York/London ticised the Ottawa Agreements and SU.S.$477-7/8.
the policy embodied in them from which he dated t the increase in world economic and political dif- ficulties, maintaining that rever sal of that policy would be the most effective answer to Germany's co- Ionial claims.~
VAN ZEELAND REPORT
Šir Alan Anderson thought the remedy for the difficulties of the
and by far the most important was÷ political.
They had now the right man in the Prime Minister to deal with that problem, and he hoped all' Chambers of Commerce would urge him forward on the road to peace.
In adjourning the conference till
DOLLAR STEAMSHIP LINES, INC., LTD. export trades and the shipping in- to-day, Sir Granville, Gibson said a
12′′ Pedder Street,
Phone 281712
dustry lay in implementation of the Van Zeeland Report.
was halt must be called to expenditure on social services and education,
M. Van and remedy was and augu d lengthening of work- peasement
and economic, ing hours