HONGKONG DAILY PRESS
Finance and
Commerce
Outlook In Agricultural- Development
Machinery Industry
TO THE MAJORITY OF MANUFACTURERS of agricultural machinery 1938 was a comparatively prosperous year, though in many cases this was due mainly to a further extension of activ!- ties into the general engineering industries and to the receipt of substantial armament orders. Farm mechanisation in this country continued to make progress during the year, though the total home demand was probably somewhat less than in 1937.
Of China's
Minerals
CHUNGKING, July 17 (Cen- tral)-A Shanghai message re- ports that Mr. Yu- Ya-ching, well-known Shanghai mer chant and public-worker, will invest targe amounts of money to develop China's mineral resources, especially her: oil south-west deposits, in the provinces.
agricultural ma-1 There was a sharp fall in British Exports or chinery showed quite a serious rall exports of agricultural machinery in 1938, Novertheless, the year saw from 29,479 tons, valued at 1,959,- developments 0001, in 1937 to 19,365 tons, valued some Important
1938. to at 1,426,000 in
All the
Mr. Yu has issued a pamphlet which it is hoped will tend
his the categories of agricultural mach- asking for the support of strengthen the position of British manufacturers of agri-inery shown separately in the friends in Shanghai. He has also in this delegated a friend, Mr. Yu Sun- cultural machinery and assist to Trade Returns shared restore the industry, if not to its decline, though the biggest fall ching, four times to Szechwan to one-time supremacy, at least to a was in exports of tractors, which survey conditions there. considerably more important posi- declined from 17,826 tons, valued Mu is one of the best known at 1,036,1251, in 1937 to 10.013 tons, valued at 621,5471, in 1938.
tion in world production
No further Agures regarding the industry Arc of the output available since those contained in the Census of Production for 1935 The total value of the output of the industry, exclus the prp duction of tractors, was 3,883,000 compared with 2,620,0001, in 1934 and 2,210,0001 in 1933. The value of the output of tractors for "other "than road haulage purposes" was 900,0001, in 1935 and 498,0001, in the previous year,
Since 1935 there is little doubt that the greatest progress has been made in the production of tractors, which were probably valued at about 1,500,0001, in 1937
against possibly 3,000,000 in the case of agricultura) machinery
other than tractors.
Total Imports
Total imports of agricultural machinery amounted to 15,022 tons, valued at 1,130,0051, in 1938, com- pared with 17,835 tons, valued at 1,265,1331, in 1937. Of the 1938 total, tractors "not liable to motor- car duty on importation" accoun- ted for 6,094 tons. 571,8791, compared with 7.411 tons
valued at 849.4581.
valued dt
IF WAR BROKE OUT IN EAST
"JAPAN WOULD
BE DEFEATED"
Ploughs Decrease
FINANCE & GENERAL
COMPLICATED CONGRESSIONAL SITUATION
Indefinite Delay In Anglo American Barter Plan Likely
-
WASHINGTON, July 17 (Reufer) --The fulfillment of the terms of the Ango-American barter agree- ment may, owing to a complicated Congressional situation, be delayed Indefinitely, if a proposal being
considered by the Coinmittee is adopted, according to some Con- gressional leaders.
The proposal, which is supported by "warehousing interests, would require that the cotton to be de- livered to Britain in exchange for rubber to the same value should is now being stored, instead at the be classified and graded where i point of export, as stipulated In
the agreement.
An Amendment
The Banking Currency Commit- the Chines comTM members of
tee of the House of Representa- munity in Shanghai, having been tives is considering & proposal in a member of the Shanghai Mun- the form of an amendment to the authorising Exports of ploughs fell from 4,351 ctpal Council for many years and existing legislation tons, valued at 238,1491., to 1876 several times, chairman of the the Government to dispose of the tons, valued at 207,2421,,; of thre Shanghai Chinese Chamber of surplus cotton to Britain. shers, from 825 tons, valued at Commerce. 52,810 to 558 tons, valued at 48.7671.; and of all other sorts of agricultural machinery with the
exception of lawn mowers, from progress of economic nationalism, 5.784 tons. valued at 483.6971, tot is doubtful whether Interna- 4378 tons, valued at 410,8211
Was 1
The export returns now include Tawn Mowers 19 & separate category, and in this class there decline from 913 tons, valued at 147,7241, in 1937 to 739 tons, valued at 138,0551, in 1938. These ngures are included in the total for agricultural machinery given above.
Owing to the low primary commodities
tional trade in agricultural mach- inery during the current year" will come up to the level of 1938.
de-
Nevertheless, there is scope for a considerable expansion in Bri- tish exports, and there is a good prospect of increased home sales.
progressive provided that a velopment policy is pursued. After a period of contraction, the in- price of dustry is now showing signs of a and
the fresh expansion.
Hydraulic Turbines And Water-Wheels In France
IN A CONTRIBUTION to the World Power
Conference at
Vienna last year, Messrs. Preaud and Feraud, when dealing stated that in the with power for agriculture in France
and hydraulic country there were still 9.000 water wheels. turbines. 88,000 borse-gins, and 2,800 windmills.
How many windmills there were This is at Hoymille, near Bergues. Ave once is probably not known, but It is a well-found mill with
operated by there must have been very iron-shod stamps,
A
large number. Regarding a small cams on the windshaft and lift- portion of the country, much in-ed twice for every revolution feresting information
was
given the sails.
Local-grown
in a well-illustrated paper read
linseed gave
Should it be adopted, it is said that there is a likelihood of a deadlock in the Senate, the result of which will be that nothing could be done to im- plement the agreement until the next session of Congress.
CHINA
of JAPA
the
before the Newcomen Society by best oil but was expensive; foreign Mr. Rex Walles and Major Web- seed gave more oil bat of poorer ster, entitled "Post' MIL of the quality. Millers who owned this
If war broke out between Japan Nord."
"
the
mill and carried on farming ap-
and Britain it would settle dow The area included in the survey peared to be prosperous, but with into a war of attrition, said Vice- is approximately 25 miles square: the tenant millers the reverse was Admi. C. V. Usborne, former Direc-an area bounded on the north by the case. tor of the Nasal Intelligence Divi the English Channel and on ston, in a broadcast talk on June east by the Belgian frontier. Here 26 on Defence Problems in the there is a coastal strip about some of Pacific
seven miles wide. with But one must look further than the characteristics of the English intens, with rolling country to the the setback to local British
terests which would result at first, south.
It is all intensively
cultivated,
he went on. No country except America could compete with us and in'it there are about 50 wind- ultimately in the production of mills (including derelicts), many warships, and the war would be of these having been visited and like many others. which Britain examined by the authors. One of had fought,
а
"I predict with confidence that the result would be stiffening of Chinese resistance and ultimately Japan's exhaus- tion and defeat," he said.
This Would apply even if our main forces were engaged at home in & fe-and-death struggle.
the millla. is sald to date back to 1124, but the evidence is doubt- ful Others date from the seven- teenth century and four of them have remains of Spanish work. recalling the Spanish occupation.
Varied Sires
The size of the millis varies, but they all stand from 40ft, to
50
it high, the sails having a span of about 78-ft. To turn the mills
If reason swayed. Japanese policy, shi would discontinue her aggres sion and come to an agreement to the wind tall-poles are used.
with Britain.
3-Power Council
"
Vice-Adml. Usborne suggested a
In no case does the ladder. rest
on the ground to steady the mill while running, and although poles are used, the mills pitch, when
post mills.
three-Power council between Bri-working, much more than English tain, France and the United States. Such council could send joint notes to Japan which could not be disregarded, for the strength of the three countries could not be challenged.
Balls are cloth spread, the sail- cloths being of hemp. coloured the modern with red ochre. In
tised sails the Dekker aerofoli la loa the leading edges. This "sys- Britain had to maintain sul teme Dekker" named after its clent forces in European waters. Dutch inventor and patented in and the naval squadron which 1923, has been widely used in the could be sent East at present would Netherlands, and enables work to be of a size which would have to be done in lighter winds than act on the defensive. As it would with the common sails.
be based on Singapore, It could not take offensive action, but could protect Australia and New Zealand among other places..
But Britain had the capacity for building up its fleet, and bad a valuable ally in France. Although little help would be. riven to her by road, air and rail
But Japan and Britain would be wise to settle their differences by agreement.
Direct Drive
the
The drive to the stones la direct through lantern. opinions, stones being set head and tall in to the mill and tall wheels used drive the rear pair. Stones which pieces. are built up from small and which in England are called "french" stones, are known ELE "anglais, and are used for flour. There is now only one "wind- driven öll mill in the district.
IJN
TUESDAY, JULY 18, 1939 -PAGE 1
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Commencing at 10,30 am.
At No. 49, Kimberley Road (top floor) Kowloon.
A QUANTITY OF VALUABLE
HOUSEHOLD FURNITURE
On VIEW from MONDAY, the 17th JULY, 1939,
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ON
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Commencing at 2.30 p.m.
4
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FURNITURE
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