P
--
HIÙNG KONG DAILY PRESS
Finance and Commerce
"
SINO-GERMAN TRADE IN FIRST 10 MONTHS
Big Imports Decrease Is Revealed In Returns
Shanghal. December 13.
Interesting figures regarding Sino-German trade: are given in the monthly publication "Commercial-News in the Far East."" The total Chinese Imports from Germany in the first ten months of this year amount to 104,590,000 China dollars compared with 133, .740,000 China dollars in the corresponding period of last year.
that is a reduction of 20
per cent. of "this total Shanghal trade, however, suffered most, 900,000 China dollars last almost by 65 per cent
figures for these perioda being 83. year reduced 27,480,000 this year or
Some detalls regarding German trade with Shanghai are revealed by the following Import Agures. Machinery and tools in the first ten months this year 2,590, D00 China dollars compared win 8,500,000 in the corresponding perlod of last year. chemicals and pharmaceuticals 4,340,000 this year and 11,470,000 last year.. ayes, plgments, paints and var- nishes 5,330,000 this year and· 11, 570,000 last year, books. paper, woodpulp 4.470.000 this year and 11,740,000 last year..
TOTAL EXPORTS
Total exports from China to "Germany in the first ten months 45,700, of this year amounted to
year, to 18,200,000 this
that is 50 tailed list
CONSUMPTION OF RUBBER
Increase Need Stressed
London. Dec, 14. The necessity of · redoubling efforts to increase rubber con: sumption was emphasised by Mr. J. G. Hay, chalrman, at *. the annual meeting of the Sendayan Rubber Company, Productive capacity increased between 1934 and 1939 by 57 per until
con-
000 China dollars As compared with 63,300,000 last year. Er- ports from Shanghai to Germany cent. and would march on decreased from 32.900,000 last it reached 1.700.000 tons in 1943, he said, but there was no evidence year,
to support the theory that de..
would also increase and sumption animal products as the only
inyearly with regular mathematical
progression. crease with 10,400,000 this year and 9,600,000 last year, export of
1939 showed nices, leather, skins and furs however, that wide powers resided amounted to 200,000 China dollars in the regulation scheme, bắt it
per cent,
A
shows animal
this year as compared with 9,500, 000 last year, off, tallow and wax 670,000 this year and 4,140,000 last year.
',
W
Experiences
was 1 doubtful expediency to attempt to exercise those powers with sufficient rigour to keep prices level and yielding a normal profit during A period under normal consumption.
Making the proper provision for equipment. Mr. Hay calculated amortisation and depreciation of
FINANCES OF
CHINA BETTER
THAN JAPAN'S
Ministry Spokesman Makes Comparison
Japan's present national debt is about three times larger than that of China, at the, off- cial rates of exchange, a spokes- man of the Chinese Ministry of Finance told Reuter's Chung- king representative during a discussion of China's financial position.
Prior to the hostilities, he said,» China's national debt was equiva- lent roughly to Mcx. $4,500,000,000. that is, £273,000,000,
Of this sum, the spokesman con- tinued, approximately. 60 per cent. was internal debt, three-quarters of the total being under the charge of the Ministry of Finance, and most of the remainder was railway debt.
In recent years, as the result of the efforts of the Nanking Govern- ment to settle debts inherited from the former Pelping Government. the total principal, amounting to about Mex. $850,000,000, or £52,- 000,000, was settled, thus reducing the principal amount outstanding in claims to about one-tenth of this total.
LOANS ABOVE PAR Pre-war quotations on Chinese loans, the spokesman went on, had attained a gratifying level, several of the chief loans being quoted on the London market near or above par, to yield less than ave per cent.
He pointed out that, while.quo- tations on internal loans were not yet satisfactory, they showed a strong tendency to rise steadily."
Obligations under the charge
of the Ministry of Finance "on July 1, 1937 amounted to ap proximately Mex. $2,940,000,000, or £180,000,000.
of this sum, the spokesman de- clared, about $910,000,000, or 31 per cent.. were external debts, includ- ing Boxer Indemnity obligations, and $2,030,000,000, or 69 per cent. were internal..
GREATEST DECREASE Ores and metals show the kreatest decrease with 24,000 this year as against 6,00,000 last year while seeds have dropped 2,300,000 last year to a mere 1,600
According estate secured an annual return China dollara...
Commenting on these. the paper over the past four years of
states
from
that the
than four
that prior
to the War centre
•
Shanghai constituted. the
average Malayan
less
per cent Reuter.
of Sino-German trade but that NEW ZEALAND
It is impossible to foretell the. future now. Reports from China
are
published by German papers not optimistic. In areas OCCU pled by Japan, Sino-German trade
CONTROL "OF IMPORTS
London, Dec. 14. Measures of exchange control, including licencing of imports. from
Zealand Government on December- which were announced by the New G. were the subject of a Commons question yesterday..
Is experiencing extensive restrictions, particularly recent various import and export embargoes. German" protests and objections have been so far un- successful. Transocean
ANGLO-GERMAN TRADE
London. Dec 14.
Mr. Malcolm MacDonald, reply- ing, said he had not yet sufficient Information in regard to condi-
Co
the three main classes, which offered specific se- (Continued on Page 13)
EWO COTTON MILLS
NEW ISSUE
In connection with the new issue of shares in Ewa Cotton Mills Ltd., Messrs. Jardine, MatheTM son.
& Co. Ltd.. the General· Managers, announce that the shares will rank for final dividend In exactly the same way and to the same extent as the existing Ordinary Shares in the company.
tions under which import licences PUBLIC AUCTION.
will be made available to judge the probable effect of these mea-
After stating, in reply to a sures on imports of United King
instructions
to sell by
PUBLIC AUCTION
Commons question, that while no dom goods, but a public statement THE Undersigned have receive formal discussions with repre- has been made on behalf of the sentatives of the, German Govern- New Zealand Government to the ment had taken place on trade effect that it fully recognises its matters since the Anglo-German obligation to buy as much as pos- Payments Amendment Agreement sible in this country. - was signed in July. Mr. Oliver
He understood that the New Stanley, President of the Board of Zealand Government was making Trade, was asked if advantage special
arrangements regarding would be taken of the visit of Dr.importation of goods ordered be- Schacht to discuss these questions fore December 5, and he
was in communication with the New
with him.
}
He replied: "That is for an-Zealand Government on the mat- other department to answer. Weter.-British Wireless.
informal talks as and when pos-
do take the opportunity of having
sible with the hope that they will
MEXICAN OIL
develop into more formal negotia-
FOR JAPAN tlons later, I feel that the value of these formal talks would be
Mexico City, Dec. 14. diminished if all subjects, discuss- It is reliably reported that ed were made public. No formal Japan la negotiating for the negotiations are in contemplation purchase of 30,000,000 barrels of when Dr. Schacht visits London-oll from the Mexican Govern- British Wireless.
ment at more advantageous terms
DR. SCHACHT AT THE HAGUE than those enjoyed by Germany The Hague, Dec. 13. and Italy, as the transaction is Dr. Schacht, German Reichs-to be arranged without agents.— bank president, arrived here- to-Reuter
day en route to London. It is learned that he had a private con- ference with unknown persons about Jewish financial questions. He leaves to-night by steamer for London.-Reuter
OTTAWA AGREEMENT AND INDIA
London, Dec. 14. The President of the Board of Trade, replying to a Parliamentary question yesterday, sald the decl- slön announced in the Indian As- sembly on December 5 that the Ottawa' Agreement would not be continued beyond the next budget session of the Assembly did not imply any breakdown in negotia- tions, and the whole matter is at the moment under the considera- tion of the Government of India. -British Wireless.
1.
bal
FRIDAY, the 16th DECEMBER.
1938
At 11.30 a.m.
Bales
At their Sales Room, No. 2, Connaught Road Central.
ONE PHILCO RADIOGRAM WITH GARRARD RECORD CHANGER
TERMS: Cash on Delivery,”
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AUCTIONEERS.
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FLAT
CRAVEN
VIRGINIA CIGARETTES
Spa 50 in in.
your pechat for
the Werk-end
POCKET TINS
(Ideal for the Handbag or Pocket) of 20 and 50
also in
• TRU-VAC' TINS of 50
and PACKETS of 10
'
Made in London
THURSDAY, DECEMBER 15, 1938.-PAGE 11
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SORE THROATS
C.A,501:
PUBLIC AUCTION.
THE Undersigned have received
instructions
TO SELL DY
PUBLIC AUCTION ·
OK
WEDNESDAY,
the 21st DECEMBER, 1938.
Commencing at 230 p.m.
At their Sales Room, No. 35, Hankow Road, Kowloon.
A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE
Comprising:-
Teakwood, "Iron and Brass Bed- steads, Wardrobes, Dressing Tables, Chests of Drawers, Bideboards, Dinner Waggons, Dining Tables, Chairs, Chesterfield Buftes. Hat- atands, Carpets, Rugs, Cutlery, E. P. Brass, Glass and Porcelain Ware, Electric Lamps and Shades, Pictures, Clocks, Ornaments, Curlos, Books,? Gramophones and Records, Ice Chests, Cooking Uten- sils and Stove, etc., etc.
aiso
A FEW PIECES OF BLACKWOOD FURNITURE
LAMMERTS' AUCTIONS
PUBLIC AUCTION.
THE Undersigned have reajved
instructions
TO SELL BY
PUBLIC AUCTION
ON T
THURSDAY, the 15th DECEMBER.
1038.
Commencing at 11.60 a.m1/
At their Sales Room, No. 2 Connaught Rond, Central (Room No. 205, 2nd Floor),"
A QUANTITY OF NOVELTIES SUITABLE FOR XMAS PRESENTS
Comprising:-
Dressing Bets, Silver Ware, Bac- carat Crystals, Cut Glasses, Jade Ornaments, Powder Boxes, Imita- tion Jewellery, etc., etc.
also
A SELECTION OF HIGH CLASS FRENCH PERFUMES
and
A FEW FUR CAPES AND FUR COATS
On VIEW from WEDNESDAY,
the 14th DECEMBER, 1938.
Terms: Cash on Delivery.
LAMMERT BROS..
AUCTIONEERS.'
PUBLIC AUCTION.
THE Undersigned have received
instructions
to sell by
PUBLIC AUCTION
on
FRIDAY, the 10th DECEMBER,
1938
!!
Commencing at 10.30 a.m.
At their Sales Room, No. 2 Connaught Road, Central,
#
Ground Floor.
A Quantity of Carpets, Rugs, Embroidered Table and Bed Covers, Laces, Silk Embroidered Coats and Lingerie, Handkerchiefs, Peking Glass Ware, Ornaments, Linen Goods, etc., etc.
Terms: Cash on Delivery.
LAMMERT BROS..
AUCTIONEERLA
PUBLIC AUCTION.
THE Undersigned have received
instructions
to sell by
PUBLIC AUCTION
on
FRIDAY, the 16th DECEMBER,
1938.
Commöndlug at 5.15 p.m.
At their Sales Room,"
No. 2 Connaught Road, Central (Room No. 205, 2nd Floor).
A COLLECTION OF POSTAGE STAMPS
On VIEW from TUESDAY, the 20th DECEMBER, 1938.
TERMS:-Cash on Delivery.
LAMMERT BROS..
AUCTIONEERS.
On VIEW from THURSDAY, the 15th DECEMBER, 1938.
Terms: Cash on Delivery.
LAMMERT BROS..
AUCTIONEERS.