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Next Sallings
UNITED STATES
Second & Third Week in August.
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Telephone 30291
DECREASE IN COLONY'S IMPORT & EXPORT TRADE FOR HALF YEAR
According to an official report released for publication by the SUPERINTENDENT OF IMPORTS AND EXPORTS, the combined values of imports and exports of merchandise during the first half year of 1941 totalled $689,8 millions (£426 millions) as compared with $746.1 millions (246.1 millions) in the first half year of 1940. and $571.0 millions (36.1 millions) in the first half year of 1939.
In terms of local currency, THE TOTAL VISIBLE TRADE OF THE COLONY DECREASED BY 7.5 PER CENT. IN THE FIRST HALF YEAR OF 1941 as compared with the first half year of 1940, and increased by 20.8 per cent. as compared with the first half year of 1939,
JAP. ASSETS IN COLONY
"Freezing" Favours Chinese Trade
6
The freezing of Japanese assels in the Colony will have a favour- able effect on Chinese trade here, according to Chinese commercial
With
*
+
fac-
1941, decreased by 7.4 per cent, in circles
Imports of merchandise in June, terms of local currency, and by 9.3 per cent. in terms of sterling. Ex-Chinese
It to generally believed that ports of merchandise in June, 1941, here
goods will be marketed decreased by 8.0 per cent. In terms before in substitution for Japan-
in larger quantities than of local currency, and by 8.0 per ese products, the import of which cent. In terms of sterling.
expected to be reduced to COMPARATIVE FIGURES minimum in the future. The following table shows com-small plants, most Chinese
the exception of a Iew
tories here are
not affected by their raw are obtained largely from Americs and the British Empire. They are looking for- ward to increasing their produc- tton in order to meet the growing demand here which is expected In the event Japanese goods dls- appearing from the local market.
(Central).
In terms of sterling the total visible trade of the Colony de- creased by 7.6 per cent in the first
the first half year of 1940, and in- merchandise during each of the the freezing order 85 half year of 1941 as compared with parative imports and exports of
creased by 214 per cent. as com./six months of 1941 as compared materials
pared with the Arst half year of 1939
MERCHANDISE
with the corresponding moniḥs of 1940 and 1939, In $s and C's
terling On millions):-
January
February
March
April
Imports of merchandise amount- ed to $387.3 millions £23.9 mil- lons in the first half year of 1041 as compared with $419.6 millions €25.9 millions) in the first ball year of 1940, and $301.0 millions 18.5 millions in the first half year
1939; whilst exports amounted to $302.5 millions (187) millions), $326.5 millions (€ 20,2 | May millions) and $270.0 millions (£14.6 millions) respectively.
In terms of Hongkong currency, Imports of merchandise decreased by 7.7 per cent, in the first half year of 1941 as compared with the first half year of 1940, and in- creased by 28.7 per cent. as com- pared with the first half year of 1939, whilst exports decreased by 7.4 per cent, in the first half year; of 1941 as compared with the first half year of 1940, and increased by 120 per cent. as compared with the first half year of 1939.
Imports
1939 1940 1941
$40.7 69.7 30.1
£2.5 4.3 3,7 $36.8 53.0 55.3 £2.3 3.3 3.4!
$48.0 75.7 68.5 £3.0 4.7 4.2 $57.1 72,1 65.2 £3,5 4.5 4.1
$59.1 79,3 72,8
June
£3.6 4.9 4.5 $59.3 69.9 84.1 £3.6 4.3 3,9
Exports
1939 1940 1941 $40.2 81.9 52.9
January
February
March
April
May
£2,5 3.8 3.3 $36.5 42.2 38.0 £2.3 2.6 2.4 $43.9 48.0 52.5 £2.7 3.0 3.3 $49.6 58.7 52.4 £3.0 3.8 3,3 $49.3 50.0 53,6 €3,0 3.7 3.3
In terms of sterling, values im- ports of merchandise decreased by
June
$50.6 56.6 53.2
23.1 3.5 3.2
7.7 per cent. in the first half year
of 1941 as compared with the first
29.2 per cent. as compared with
the first half year of 1939: exports: decreased by 7.4 per cent, in the!
Japanese Shipping In U.S. Ports
WASHINGTON, July 29 Reuter) --Before eonferring yesterday with Mr. Sumner Welles, Assistant Secretary of State, about the freezing of Japanese assets in the United States, the Japanese Am- bassador, Admi Nomura, told newspaperment that he understood that Japanese ships were not sub- ject to the freezing order.
He added that he hoped to clarify this and other questions at the State Department.
SILVER MINE BAY EXPLOSION
It is learned that a drifting mine
half year of 1940, and increased by KIANGSI LAND TAX in the vicinity of Silver Mine Bay
COLLECTION
struck a fishing junk on Sunday afternoon about 8 p.m.. as a result
the
first half year of 1941 as compared plying with a resolution adopted and some injured,
TAIRO, July 29 (Central)-Com-of which 13 persons were killed with the first half year of 1940, at the recent National Financial
Police launches came on and increased by 12.7 per cent. as Conference, the Kiangsi Provincial scene and sume of the survivors compared with the first half year Government has decided to levy were rescued and sent to hospital. of 1939.
TOTAL VALUES
land tax in kind as from August this year.
The following table shows the
The Provincial Government has total values of Imports and ex- also decided to establish a Latid ports of merchandise in '£'s and Tax Administration Bureau on $'s millions for the first half year August 1 with Mr. Wen Chun,
PEARL RIVER
Reports that the Japanese au- thorities in Canton were contem- plating closing the Pearl River, as
of the five-year period 1997 to Commissioner of Finance, acting from Aug. 1, were denied yester-
concurrently as Director
1941-
Imports Exports
1937
£17.7 £13.5
1938
£21.1
$286.4 $218,0 £16.7
TRAVEL A.-O. LINE
$342.2 $289.9
1939
£185 £16,0
$301.0 $270.0
1940
£25.9 $20.2
$419.8 $320,5
1941
£23.0 £18.7
$387.3 $302.5
To AUSTRALIA
For particulars regarding Passengers, Cargo and Sailings apply to:-
BUTTERFIELD & SWIRE
Tel. No. 30332,
Agents.
1. Connaught Road.
DOUGLAS STEAMSHIP
. CO., LTD.
SAILINGS FOR SWATOW, AMOY & FOOCHOW & RETURN
(Sallings temporarily suspended)
KWANGCHOWWAN~HONGKONG SERVICE Weekly sailings from Hong Kong
For particulars of Freight & Passage apply to:-
DOUGLAS LAPRAIK & CO.,
General Managers,
Tel. Nos. 28837 ^Z^22038.
0. Building, 5th look.
What do you want ?--
If there is anything you want to buy or sell, try a small Classified advertisement in the Hongkong Daily Press.
25 words #1,50 prepaid for 3 insertions.
JUNE FIGURES
The combined values of the Colony's imports and exports of merchandise as declared during the month of June, 1941, totalled $117.9 millions (27.2 millions) as compared with $126.5 millions (£7.8 millions) in June, 1940.
In terms of local currency the total visible trade of the Colony decreased by 6.8 per cent. in June, 1941 as compared with June, 1940; and 1.7 per cent. in terms of sterling,
Imports of merchandise in June, 1941, totalled $64.7 millions (£3.9 millions) as compared with $69.9 millions (£4.3 millions) in June, 1940, and exports $53.2 millions (232 millions) as compared with $56.6 millions (£3.5 millions).
BANK
day by well-informed quarters.
SHINA NAVIGATION
100MPANY, LIMITED.
Frequent and Bogular Sailings for
SWATOW, AMOY SHANGHAL, Teretio,WETHAIWBI
ÜHTо and TIENTSIK.
Kwangchowwan and Hotnow
HAIPHONG
CANTOF (Weekly sailing)
TOURANE, SAIGON and Bangxox,
SINGAPORE PORT SWETTENHAM and PENANG
BAIBON, MIRISANDAEAN, MADang, Salamata. Ranaut,
TULAGI, Gizo and LORINGAU.
For further particulars regarding loading dates etc. please apply to---
BUTTERFIELD & SWIRE
TELEPHONE NO. 30331
LINE (CHINA)LTD
AGENTS FOR
ELLERMAN AND BUCKNALL S.S. CO., LTD.
Regular mailings for UNITED KINGDOM
'NEXT SAILING. AUGUST
AGENTS FOR
THE BANK LINE, LTD. ORIENTAL AFRICAN LINE
for Mauritius, Reunion, Tamataro, Lepromoo Marques, Durban and Cape Porte AS OPPORTUNITY OFFERS AMERICAN.ORIENTAL LINE
Regaler silice for Boston, New York, Philadelphia # Baltimore
AS OPPORTUNITY OFFERUS
For Freight or Passego on any of the shore lined upply --
THE BANK LINE (CHINA), LT
WEDNESDAY, JULY 30, 1941. -PAGE
P. & Q.
Passenger & Cargo Services
to
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and
United King Jom.
B. I.
Passenger & Cargo Services
to
Straits, Burma & India E. & A. Passenger & Cargo Services
to
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Phone 27721.
BARBER-WILHELMSEN LINE
SERVICE TO
BOSTON AND NEW YORK Via LOS ANGELES & PANAMA
by NEW FAST VESSELS
NEXT SAILING END JULY
Following sailing early August
Taking cargo on Through Bills of Lading for West Afrien
(via New York)
r
DODWELL & CO., LTD.
Hong Kong, Bank Building,
Agents.
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