HONGKONG DAILY PRESS
Huge Decline In Colony's Visible Trade For First Six Months Of Year
According to an official report released for pub- lication by the Superintendent of Imports and Ex- ports, the combined values of imports and exports of merchandise during the first half year of 1939 totalled $571.0 millions (£35.1 millions) as compared with $612.1 millións (£37.8 millions) in the first half year of 1938, and $505.3 millions (£31.2 millions) in the first half year of 1937.
cur-
In terms of local rency the total visible trade of the Colony decreased by 6.7 per cent. in the first half year of 1939 as compared with the first half year of 1938, and increased by 13.0 per cent., as compared with the first half year of 1937.
In terms of sterling the total visible trade" of the Colony de- creased by 7.1 per cent. in the first half year of 1939 as compared with the first half year of 1938. and increased by 12.5 per cent. as compared with the first half year
of 1937.
IMPORTS
In terms of Hongkong currency imports of merchandise decreased by 120 per cent. as compared with the first half year of 1938, and in- creased by 5.1 per cent, as com- pared with the first half year of 1937; whilst exports increased by 0.04 per cent. as compared with the first half year of 1938, and 23.3 per cent. as compared with the first half year of 1937.
STERLING VALUES
In terms of sterling values tm-
ports of merchandise decreased by 123 per cent. as compared with the arst half year of 1933, and in- creased by 4.5 per cent. as com- pared with the first half year of 1937: exports decreased by 0.6 per cent. as compared with the first
by 23.0 per cent. as compared with the first half year of 1937.
Importa of merchandise amount-half year of 1938, and increased ed to $301.0 millions. (£18.5 mil Ilons) in the first half year of 1939
as compared with $342.2 millions IMPORTS OF TREASURE-
£21.1 millions) in the first half Imports of treasure totalled year of 1938, and $286.4 millions $502,000 as compared with $7.6 (£17.7 millions) in the first half millions in the first half year of year of 1937: whilst exports 1938, and $5.7 millions in the first amounted to $270.0 millions (£16.6 | half year of... 1937: and exports milllons), $269,9 millions (£16.7 amounted to $50.5 millions as millions)" and $218.9 millions compared with $110.2 millions and (£13.5 millions) respectively.
$183 millions respectively.
The following table shows total values of imports and ex- ports of merchandise and treasure during the first half year of 1939, 1938, 1937, 1936 and 1935:-
IMPORTS
1939
$
1938
5
1937 $
1936
1935
Merchandise 300,977,455 342,206.245 286.449.129 212,292,205 191,239,951 Treasure
501.921 7,561,825 5,663,171 18,753,655 24,681,319
301,479,376 349,788,070 292,112,300 231,045,860 251.921,270
Total
EXPORTS
1939 $
1938 $
1937 $
1936
S
1935
$
Merchandise 269,990,735 269,874.306 218.869,188 163.450.580 142,685,433 Treasure 50.460.429 110,154,623 18,298,555 108,638,387 37,924,842
Total -320,451,214 380.028,929 237,165,743 272,088,967 180,610,275
TOTAL VALUES
In the following table the total values of imports and exports of merchandise are given in £'s and '$'s millions for the first six months' of the years 1935/1939:-
Imports Exports!
1935
1936
1937
£19.7 £14.6 ($191,2) ($142.7)
£13.7
£10.5 ($212.3) ($163.5)
£17.7
£13.5 1$286.4) ($218.9)
1938
£21.1 £16.7
($342,2)
1939
($269.9) £18.5 £18.6 ($301.0) ($270.0)
JUNE, FIGURES
CHINESE
DROPS TO
4 PENCE
SHANGHAI, July 31 (Reuter) -With the Chinese dollar at 4 pence, exchange shops are demanding between 130 and 160 Chinese, cents for one yen.
ANOTHER BARTER
be-
FINANCE
JIATION BRE
UB
LIM
UB
啤
ANGHA
D
SATURDAY, JULY 22, 1939. —PAGE 11.
BEER
BEER AT ITS BEST
FRANCO-CHINA
CHAMBER OF COMMERCE
A Franco-Chinese Chamber the of Commerce to place trade relations of the two countries on a firm basis and promote closer co-operation in the Far East will be formed next month.
PACT WASHINTON, July 20 (T/Ocean)— The U. S. Secretary of State, Mr. Cor- dell Hall, announced at yester- The combined values of imports day's press conference that rego- and exports of merchandise (ex-tiations were now going on cluding treasure) as declared dur-tween Belgium and the United ing the month of June, 1939 States for the conclusion of al
agreement,
similar totalled $109.9 millions (£6.7 mil-barter
one recently concluded
The new organization "will be Hons) as compared with 394.5 mil to the Ilons (£5.8 millions in June, 1938. between the United States and semi-official with both govenment participating on" an economic In terms of local currency the Britain.
Mr. Hull added that he had basis, these sources said. However, total visible trade of the Colony (excluding treasure) increased by discussed the project exhaustively no political matters will be con-
with the United States Ambassador sidered The
וי
organization will
16.3 per cent. in June, 1939 as com- pared with June, 1938, and by 15.5 to Brussels, Mr. Joseph Davies, who confine. Itself to the immediate was at present on a visit to the problem of promoting trade per cent.. in terms of sterling.
Imports.of merchandise in June. United States: Mr. Davies, would relations between the two coun-
continue the negotiations tries, these sources asserted. 1939, "totalled $59.3 millions (£3.64 now
Informed quarters added', that millions) as compared with $57.5 with the competent authorities.
millions (£3.56 millions) in June, The Secretary of State stressed, the proposed Chamber of Com
that 1938, and exports $50.6 millions however,
the negotiations merce would make better rela (3.1 millions) as compared with have not yet reached any very, tions between Indo-China and $37.0 millions (£2.3 millions). advanced stage.
China possible and apsist in carry- Imports of merchandise in June, According to informed quarters ing out the provisions of the 1939 increased by 3.1 per cent. in here,
the
planned agreement Nanking Agreement. This agree terms of local currency, and by 2.2 would provide for the exchange of ment permitted China to trans- per cent. in terms of sterling. Ex-American cotton, maize and port munitions and war supplies ports of merchandise in June, 1939 wheat against caoutchue and tin into the country according to the increased by 36.8 per cent. in terms from Belgium and the Belgian needs of the Chinese of local currency, and by 348 per Colonies.
cent. in terms of sterling.
BANK OF FRANCE
GOLD
Paris, July a (Router).
The returns of the Bank of
WEATHER REPORT
HONGKONG ROYAL OBSERVATORY
10 am.. July 21.
France for the week ended July 5 Barometer (at sea level), 29.45 ins.
Date of
Month
Height
Govern-
Haight,
Sole Agents-W. R. LOXLEY & Co. (China), Ltd.
THORNYCROFT
|LAMMERTS' AUCTIONS
PUBLIC AUCTION.
Undersigned have received instructions
to sell by
PUBLIC AUCTION
ON
TUESDAY. the 25th JULY 1939
Commencing at 230 pm.
At their Sales Room, No. 35,
Hankow Road, Kowloon
A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE
Comprising:-
Bedsteads, Wardrobes, Chests of Drawers Dressing Tables, "Side- boards, Dining Tables, Chester- fleld Suites, Ice Chests, Deaks, Typewriter Tables, Glass Cabinets, Bookcases. Omaments, Dinner Cutlery, Brass and Glass Ware. Curios, Carved Ivory Figures, Electric Sewing Machine; Table Lamps and Fans, Gramo- phones and Records, Radios, Elec- trie Refrigerator, Cine Projector. Portable Typewriter, etc. etc.
Crockery,
also
A FEW PIECES OF BLACKWOOD FURNITURE
On VIEW from MONDAY, the 24th JULY; 1939,
TERMS: Cash on Delivery.
LAMMERT BROS.,
AUCTIONEERS.
A job?
WANT ADS
Here's a REAL boon to boatowners!
the
HEAVY OIL
THORNYCROFT
‘HANDYBILLY'
operated on the Hesselman principle and, with very little increase in weight or overall dimensions, combines the lighter weight and smoother running of the petrol engine with the low fuel cost of the diesel,
9 H.P.
Bore, 3 in. (88 m.m.); Stroke, 4 } in. (114.2 m.m.);.
Displacement, 88.5 cu. ins. (1415 c.c.).
ment.
HONG KONG TIDE TABLE From 22 to 28 July 1939
HIGH WATKE.
LOW WATER
Hong
Hong
Kong
Kong
Two cylinders
Standard
Standard
show, gold reserves totalling 92, Temperature, 82 F". 268,000,000 Francs, of gold Content Humidity, 82 per cent,
Time..
Time
of 27,5 milligrammes, indicating no Wind Direction, West. change as compared with the pro-Wind Force (Beaufort), 2. ceding week
b. m.
the to
m
Temperature; maximum yesterday. The total note cliculation is 78 F. given as 123,324,000,000 Francs.Temperature; minimum last night showing a decrease of 163,000,000 | 75 F. Francs, as compared with the week Rainfall for 24 hrs ending 10th ended June 28.
to-day, 0.08 Ins,
Est
,2%
0138
83
18453 6
Engine speed 1,100 r.p.m.
17 23
Sun
23
02'27
64
80
1438
5 0
Mon, 24
08 14
18 05
Tues. 20
0418
Total rainfall' since January 18
$7,19 Ins
Wed 28
Thur, 27
FIL 28
All those visiting restaurants in Warsaw from now on will be Against an average of, 47.80 ins, obliged to renounce the pleasure of Sunset to-night, 7.00 p.m. drinking the world famous French Bunrise to-morrow, 5.50 am, Hennessy cognac because. Polish
4 p.m., July 21... restaurant proprietors, for patriotic Barometer (at sea level), 29.41 reasons, have decided to boycott Temperature, 87. F. this brand' of cognac.--(Traps Humidity, 70 FANT
Wind Direction, Wow,
ocean
91
19 35 1 8 0800
2012.4
206812 9:
11 18 20:
·21.433°8·
1738 (40 06.18 18 1 19:45 #2 1818
2254 13.0 06 136 4
1840 1.7 20 30 4.0 2367 13
07.04.
21°20
14 20
Wind Force (Beaufort), 3.
Maximum temperature, 88 F
Minimum temperature, 76. F. Rainfall, 0:00.
Tailshaft speed: 700 r.p.m.
Fitted with combined reducing-reversing gear.
THORNYCROFT
stands for Satisfaction
FOR FURTHER PARTICULARS
APPLY TO OUR
HONG KONG OFFICE.
TEL 22363.
GEORGE's Building, 1st. Floor.
4