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57

21

TELEGRAM from the Governor of Hong Kong to the Secretary

of State for the Colonies.

Dated 17th March 1927.

(Received Colonial Office 5.55 a.m. 17th March 1927)

hoso

My telegram of 10th March Trade situation.

2391 HW Z %

w.o

FO.

9.0

Leg

Piece

goods position is encouraging one large firm reports that clearances January February show 50% increase over the same period in 1926 and within 25% of the

total for the same period of 1925.

Sales three times 1926 and five times 1925 and two

thirds of normal.

Emigrant traffic at Swatow and Amoy continues veru brisk and is overflowing to Hong Kong in search of

additional shipping.

Chinese Chamber of Commerce reports quiet but

Chinese merchants

steady markets in all main lines.

in Swatow are reported to have suddenly stopped pur-

chasing British goods in expectation of fresh boycott

as retaliation for despatch of British troops to

So far no definite step in this direction

Shanghai.

has been taken in the South though agitation for anti-

British measures of all kinds continues steadily,

Kuomintang participating, if not promoting.

RECEIVED

17 MAR 1927

COL. OFFICE

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