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REGE 17 MAY 15

In a letter to the Chairman of the Chinese

General Chamber of Commerce of Hongkong dated the 9th. January,

1915, the Japanese Consul intimated that several Japmese gentle- -men, who have been deputed by the Board of Trade and Agriculture to enquire into the state of Commerce, wished to meet the

Committee of the Chamber on matters of Trade, and requested that

an interview might be arranged.

The Executive Committee of the Chamber acceded

marchants to the Consul's request and invited a few of the Chinese trading

direct with Japan to be present at the interview, which took place

on the 13th. January, 1915. Among the Japanese gentlemen present

was one, who, dressed in Chinese clothes and speaking the Chinese

language fluently, acted as interpreter.

The interview commenced with an exchange of

compliments, the committee sitting on one side of a long table and

the Japanese on the other. Then the following remarks were made.

Committee:-

Japanese:-

Committee:-

We have received from your Consul General a letter

saying that you wished to call on us with some good

обич вва advice on commercial matters. We should be pleased

to hear it.

Since the outbreak of war in Europe, trade all over

the world has suffered. Your country and ours have

fared no better, many things, which we used to

import from Europe, cannot now be imported. Al-

-though our country has remedied matters to some

extent, they are still far from being satisfactory.

We are, however, planning out improvements,

particularly as regards our manufacture, so that

the East need not depend on the West for supplies.

Unfortunately China is not in a position to do like-

-wise. She has neither the necessary capital nor

the required energy. Moreover she cannot borrow

money like your country. Japan enjoys a good credit

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