1 FUTCH WHISHI
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Quality
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LEITH "End 1863
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PAULNUK:
ACEBUTA
THE HONGKONG TELEGRAPH,
MR, HOOVER'S VISIT TO S. AMERICA.
THE MEANING OF HIS MISSION.
TRADE AND POLITICS.
1।: "।
Mr. Hoover has already, Laken, with characteristic decision, a step which must have considerable bear ing on the future polley of his Ad ministration. On, the day follow Ing his election he telegraphed to President Coolidge proposing a tour
SATURDAY, DECEMBE
Tree" machinery trade is disap 'pointingly small.
A Land of Opportunities. TEEN INWMOM DE D'ETENA
As an engineer and a business man, however, Mr. Hoover cannot help viewing South America from another aspect. It is that of je groats undeveloped estate, whose resources, if they can be profitably |exploited, will beouft all concerned. American enterprise can show him striking examples: In his own pro Sesalon on the. Pacific Coast. The Corro de Pasco copper, coal, and smelting works, on the roof of the Peruvian Andes, not only yield good dividends, but a revenue to the Government, and high freights to the Central, Kailway and, through of the South American Republics to the British shareholders in the Peruvian Corporation, The nud asking for a battleship to be Guggenheim development of the im put at his disposal for that purpose, menso, lowgrade copper deposits of In reply, the President pledged his Northern and Central Chile, have full offelal co-operation and ordered resulted in an Increased. Chilean the battleship Maryland to proceed Copper export in the last fifteen years, from 40,000 tons, to 200,000- to San Diego port, California,
annually. Every advance of this Prior
to accepting the Republican Bort in the total divisible wealth brings trade and profit to all, trade nomination, it will be recalled that rivals though they may be.. Mr. Hoover was head of the Depart ment of Commerce. During his five years tenure of this office, he raised its efficiency to a very high level. One of its most fruitful policies was the "simplification" of American manufactures, attained through a series of Industrial con- forences with the principal trades, which has resulted in a larger and cheaper output of many hundreds of products, by eliminating, through mutual consent, other hundreds of redundant specifications. In the foreign field, reports of consular and other Government agents were brought up to date and carefully edited. Trained investigators war sent on special tours to analyse the opportunities for American goods and service throughout the world. and the results of their inquiries were quickly pude available to those interested. It is not the least of Mr. Hoover's Achievements that
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own phrase, thoroughly "sold" on the idea of export trade. To no part of the globo has this intensiva Atudy and propaganda been more thoroughly applied than to the twenty Latin Republics lying auth of the Rio Grande.
A New Policy.
It is an open secret that this visit of the President-elect marks a new step, if not a new policy, lowards political "rapprochement" and trade intensification with South America, The political atmosphere, if not exactly unsatisfactory, is admitted- ly capable of much improvement. United States control of Panama; her tutelage of Cuba and Haiti, hardly distinguishable from a pro- tectorate, herarmed intervention at various dates in Mexico, Costa Rica, and Nicaragua, have placed too Hevure a strain on the Monroe Doctrine for it to retain any trace of altruism in Latin American eyes. The debates at the Pan-American Congress hdd last Spring at Havana were hailed in America as a triumph of diplomacy for Mr. Hughes. But the adroit shelving of awkward questions does not necessarily solve them; and the taeft acceptance of what most South American States regard as Ameri- can "aggression" does not imply confidence. The restoration of that confidence may safely be assumed to be one of Mr. Hoover's first taaka. Vigorous Methods,
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In matters pertaining to trade, his work is straightforward, and one at which he is n paat master. It involves Investigation, ordination, organisation. We may assume that no' detail of banking, transport, merchandising, or ad- vertisement which might further the sale of American goods will escape the allention of the trained staff which will accompany and re port to him. The methods that have borne auch good fruit in the past five years will be speeded up." We may use and fully examine the
•·figures of British vis-a-vis Amori- can trade in South America as 'an object-lesson in the practical resulta of this policy,
Percentage of total importe to Latin Amerka:
1912. 1927.T Goode from Per cent. Per cent. Great Britala 25..... 16 United States) 24 ( 88
It is true that American trade has taken advantage of the newer inventive helds, auch as the auto mobile, the cinema film, the radio; the electric refrigerator. But tho market for charter counts of cotton, such as canyas and drills, has also been captured from Manchester, jake though the filler is pre-eminent still in @per textles" The fact remaļnai that It is dificult to find any comi! modity which registers for Great Britain the advance that may be noted in many directions for our greatest trade rival, Moreover, the old conditions in South America are altering. New national Indus tries are everywere springing bby and the demand for industrial ma- chinery, including many branchep of road-making and repairing ma chinery, packing plant, of drilling and refining pipelines, &c., today ford a large item in the United States retums: On the Briuch sido; 'If we eliminate the orders job tained from the railroads and other pubile utilities held for the British Investor, the British capture of
On the Atlantic coast the United States advance has not been só marked, but it is proceeding, chiefly in the sphere of clectrical undertakings, telephones, and the like, and also in the "good Roads" movement, which followed on the sale of American automobiles.
The Ald of Finance. The large number and total of American loans to the various Re- publics, States, and cities of South America has also had an important bearing on the American position, which deserves separate study. It is not generally true that such ionns Carry the obligation to favour American contracts. But much of the interest in Mr. Hoover's tour will arise from speculations on the part of the countries and districts through which he passes, na to the chances of attracting an greater share of America's surplus
►
cash.
even
That important results will come of this trip may be safely predicted.
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