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„aewdrit @guorbrī sviðalcoeɖƐ to annom yď aboritem bawon yḍ #Bartiaud ab at sIdine og et di neveroM

.mo mid blod ylizas nao tredovel deitiną cod minddo od juniores, courieŭ and alcano de idir nomino odt

~;erow sbrad vid dgwordt bessaq doldw ebend droqmi to emulov edd -ni no yltoerih zavitke bovinost ed comteissa inionsait eft .(I) (soavoli yaitqeceɑ nabaɑd be adnad naorted mail yɔdoexìb- „Migiro merring to pileido

dojfw,no Lash od doménec asw ad dilong to sigytam llans eft .(S)

a odni bernut yltreupert consjamrotto saxovba jee[Leman most

need bad dojde noitegildo eno yleidus od ayanou to sau si .(E) yď dont ni .noidnyildo recitors ylalton of mid yd beÚLKATIES aboog ■ki do trim Tabmu anaidibene edit to bægersib saozqre acid .beonemi? need bad Ylimeвe den do istw wasmidɔ of Jihem to noismère Laurronde weft „(4) to semit ni „bei reddwl ban gniberétovo Svizmira of bei mit esonin to ewliat núť od „Tudo o netko sa doựm BİBİND zotoset ylynibnoqeerroo daáð erfiat a,seavad Isionsmil bas -edure on to ateinab saanid „eforth a as anoitibngo dedzeli no node oben gniwenoni bne syzní s ob of beIdage stew Bonaj- becoxasja hærmet bris flat aooing now dud „aninoed erew agerkrid cob dravond radio bas dasmo s dř¿w bruương seld of sero yest

„nadd ddiw enoidut itnak, alqienoquer ero

[[kw yntolo) sáð sædt eestimoŭ ym lo noinigo and ni JI doide anohibnço esedd rebau no beİTusa ebant juodtiw iio rajjed ed be Teonco amit marteƉ edt at tilợng #ittil túgvord svod od zeeqqs skovodni İsionsait bas gnibart beribusqosi sved od ilmiboiroq,bre „senil ebavoa noqu na bei T180

+

on aidineoq em amoniaud doum sa" lo wifoq acid montad

doum ■" to yoifoq edt bas “di most exella yllautnere ode IGJJBƏ ym to moinigo eat ni ai esent "genil bræos no sidissoq so euentumO molóð oft to adeeredni end ni sham að oðd esiona eno vino „003ðimol

İstəmg a eton to yeltrow si ti moitoennos aidé nI

dows adouharq deitina ni areInall seenido Jadi am aduixe moisnarqULİ

ALA

as piece goods have had a more prosperous year than for many years.

This is not attributed wholly to the rise in the Home arket prices but largely to the fact that the limitation of exten- sive credit set on foot by British Merchants practically put a stop to the overtrading formerly encouraged by German methods. 418

9. My Committee do not suggest that the interests of the olony demand that trade should be confined to British Merchants, lone, far from it. But if British Merchants were to be, for all practical purposes, holly frozen out from such trade the Colony may as well, from a British Commercial point of view, be abandoned, My Committee are of opinion that the true interests of the Colony lie in encouraging the British Merchant as much as possible while not discouraging the Merchants of other nationalities, in other words discouraging unsound trading.

10. My Committee has no reason to doubt that its views on this subject, as above indicated, are universally held. The enclosed extract from the Hongkong Daily Press of the 14th. ultimo reporting a Speech of the Chairman of the Perth, (Australia), Chamber of

Commerce and the Memorandum of the Chairman of the Tientsin branch

of the China Association at page 68 of the Association Report#for 1914-1915 (a copy of which is enclosed) are ample evidence of this.

I am to add that if it is hereafter decided in the

national interests to place restrictions on the continuation of

German Trading, a

movement in favour of which is forming

into rapid shape particularly in India, my Committee wish to place

it on record that such a movement would receive its active support

and is unanimous in its opinion that the true interests of the Delony would be greatly den

benefited thereby.

11.

In conclusion my Committee would respectfully urge both the local Government and the Imperial Government to give the consider Fations set forth in this letter their closest attention, for it.is

convinced that national and local welfare in the future will largely depend on steps being taken in the direction above indicated and

time for initiating such steps is new and now only.

It is suggested that immediate steps be taken by Govern-

ment.

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