1937-11-20 — Page 17

JAPAN'S DIMINISHING TRADE WITH HONG KONG S

PALLING off in Japanese trade in revealed in the

BANKS

THE CHART

Reserve Fund

official statistics for October published yester- day. Whereas in 1936, October imports from Faid-up Japan totalled $5,463,000, last month the compar-Reserve Liabil able figure was $2,419,910. Exports to Japan from Hong Kong fell from $2,204,000 to $621,245.

Imports from the United King-merchandise during each of the dom, on the other hand, rose to first ten months of 1987 as com

the corresponding $3,639,742 against $2,830,000 in pared with October, 1936, and exports to U. E months of 1936 and 1935, in $s and were $1,981,000 against $1,084,500 s sterling (in millions) Exports to Malays rose to the re- markable total of $3,924,853 against $2,164,000 in October, 1936.

Trade with South China enor- mously increased, imports totalling Feb. $14,473,000 against $7,281,694 in October 1936, while our exports |- were valued at $7,589,550.

1.9

24.9 80.9

16. 27.5 40.7 18 25 27.6 341 18-21 30.0 40.1 *1.9 2:5 29.9 38.9

Jan

IMPORTS 1936 1937 33.7 39.9 22-25 30.3 38.5 20- 24

EXPORTS

1936 1937 -23.6 341} 10/15, 21

March

April

May

34.1 53.4 2.2 3.3 382548

2.5 34. 38.8 49.8 2531

-371-50I

24. 81

36.4 502 2.3 3.1

321 55.7

26.2 36.2

17

22 25.5 38.2

20-34 38.2 64.7

29.8 39.4

2.4 4.0

Oct.

Indo-China, Germany, Macao, the United States and France increased their imports to Hong Kong June by approximately 100 per cent, the

July American share rising to $6,372,-

States took local Aug. 751. The United S exports to the value of $5,375,301

Sept.. - OCTOBER FIGURES The Imports and Exports Depart ment (Statistical Branch) reports, that the combined values of im ports and exports of merchandise (excluding Treasure) as declared during the month of October, 1937 totalled $95,4 millions (£5.9 mil- lions) as compared with $75.7 mil- lions)-4.7 millions) in October, 1936.

In terms of local currency the total visible trade of the Golon (excluding Treasure) increased by 26.0% in October, 1937 as com- pared with October, 1936, and by 25.5% in terms of sterling.

$50

€500,000

000,000 $9,000,000

$3,000,000

0.600

eserve tazs

bility of Pro

$20,000,000

HEAD OFFICE: HONG KONG.

Manchester Branch, 71, Mosley Street, Manchester. Agencies, and Branches-

Frebangs, and General Banking business. Deposita

ferent. Accounts, opened and Find received for cos- year of shorter periods at zates which will be quoted on application

The Bank's Hand. Oficer in London undertake Braculor and - Tractos... business, “and. recovery of British Income Tax overpaid, terms which may be ascerisized; ak-any Agencies and Branches.

B. W. BOBERTS

Hong Kong, 1st January, 1935.

16 24 THE BANK OF EAST ASIA, LTD.

$10,000,000.00

600:00)

18 2.4 43:0 518

327 13.6 Authorised Capital 27 3.2 20 27-aid-up Capital

Reserve and Undivided- The following table shows figures of imports and exports of Merchandise and Treasure during October-

IMPORTS

Merchandise Treasure

Total

EXPORTS

Merchandise Treasure

Total

October 193T $51,792,365

92,875,137

$144,667,502

October 1937 $ 43,585,875 126,440,123

$170,025,998

Monthly Fluctuations Since October, 1936 monthly values of imports of merchandise into Hong Kong fluctuated from a low Hong Kong Imports of Merchandise totalled dollar value (38.5 millions) in Feb $51.8 millions (53.2 millions) as ruary, 1937 to a high of 647 millions compared with $4320 millions in September, 1937, whilst export values fluctuated from a low of $30,9 (£2.7 millions), and exports $43.6 millions in February, 1937 to a high of millions (£2.7 millions) as compar-$43.6 millions in October, 1937.

ed with $32.7 millions (2,0 mil Hons).

Details are given below, with the sterling equivalents, at monthly aver- age rates of exchange, in brackets

1935

October

Imports of Merchandise in- creased by 20.5% in terms of local currency, and by 18.5% in terms of November sterling. Exports increased by 33.3% in terms of local currency, December and by 35.0% in terms of sterling:

During the first ten months of

IMPORTS EXPORTS $43,000,188 $32,726,905 ($2,653,918) ($2,019,864) $45,663,144

ONG KONG. HRAD OFFICES

10, Des Your Boad, Central

BOARD OF DIRECTORS: Sir Bhon-son Chot

Sang. Eage Wong Chu

Fang Fing Wal

Amay

Batavis

-Bombay Calcutta

Xing Po

Chief Manager.

Masager.... -AGENCIES:

Seattle

Banking and Enhanga Loans granted on approved

Current Leccents opened in Loo! Can and Pirade: Deposits - received for "cos

prods in Ircoal and Foesig= Can which will be quoted on applies Safe Deposit Boxes To Let

KAT TONG PO

BOARD OF

G

Bon. M.

Hon

Deputy

Boufeld, Esq.,

A...E.. Compact, Esq. 8. H. Dodwall, Eng.,:

AL. Shi Sir Vandelers M. Gray

Chief Manage

·BRANCHES S

LONDON." LYONS.

MALACCA -MANILA

MMER (Jobcen) BUK DEN

AMOY

GKOK

IPOE

JOHURR

KOBE

KOWLOON

KUALA LUMPUR

BANGOON SAIGON SAN

FRANCISCO

SHANGHAT STEG & BOEK

SOUR SUNGEI PATANTE

TSINGTAO

Current Accounts opened in Local

Fixed Deposit Bonivaď

periods Local Curran

which will be quoted

ALSO up to date SAFE EPOSIT BOXES

Home Board

HONG KONG SAVINGS BANK

The Brain vf the shore * Bank by the HONG KONG AND SEL ING CORPORATION." -- Bains any on application:-

FOR THE HONG KONG AND KANALIG CORPOR INITI

THE YOKOHAMA SPECIE BANK

Capital (fully) Reserve Fund

LIMITED

Yen 100,000,

,000

Head Office: YOKOHAMA

Branches and Agencies

Bangkok

Batavia

THE MERCANTILE BANK OF

INDIA, LTD.

Berlin

Bombay

Calevitta

Canton

Moj

Nagasaki

Nagoya

New Yo

557

(52,824,218)

107)

$44,699,876

585

($2,764,641)

1937 imports of merchandise total- led $508.8 millions (£314 millions) February as compared with $362,0 millions (£23.0 millions) in the correspond- ing period of 1936: and exports April 576.3 millions (£23.2 millions) as May compared with $277.7 millions (17.6 millions).

34,098,300

384)

HEAD OFFICE;

422)

March

14. Gracechurch Street, London, Authorised Capital 991 Subscribed Capital

EC.S

1-up Capital

$34,1

16,383

June

ve Fund & Rest-

RANKERS: MA

Dairen (Dainy

Fengtien (Mukden) Rangoon

1247,830 Hong Kong

of Bagland & Hiland Bank Ltd-

NCHES-

Part: Louis

(Mamitins)

Shanghá Simla

Manila Los Angeles

Rio

San Fr

Seat

Sha

£3,000,000 Hamburg

1,800,000 Hankow

1,050,000 Harbin

Honolulu

Hsinking

Karachi Kobe

London

September

Imports of merchandise in-

July creased by 40.6% in terms of local. currency, and by 36.5% in terms August of sterling exports increased by 35.5% in terms of local currenty, and by 31.8% in terms of sterling. October

The following table shows com

Mean rate exports o 1937: HK$—1

parative imports and

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Daily

126 359,577) 439,897

Interest allowed

85,875

KONG BRANCH.

of Bo

Deposits received for nt rates to be obtziz

for October,

Hong Kong 11th

D. BENS

THE WING ON BANK LTD.

SHANGHAI CO

SAVINGS BANK I

Head Office Hous

Incor

26. Des Võesir Bozd

Aarth

000

KANO