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Property.
General Effect of the War on Chinese Trad
Commerce.
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5 ANIS
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Property omers have suffered an average loss since the War of
about 20% of their rents: some have lost much more heavily and there are many vacant houses. The population is probably some 100,000 less than it was six months ago. Although there has lately been a large influx from Canton, it is only migratory, coming dom for the New Year settlements and purchaser and thereafter likely to return.
Cotton Yarna.
The guild consists of about 12 shops: all have failed with total liabilities of between $200,000 and $300,000 each, chiefly owing to over speculation prior to the war and partly on account of the heavy discount on subsidiary coins, and also because prices have fallen since the War by 820 - $30 a bale. Since however these firms were mostly Limited Liability
Companies with a capital of less than $50,000 each the heavi- -est losses have fallen on the importers, e.g. David & Co.,
Sassoon & Co. etc.
Hem Pak Hong, (General Merchants).
The 25 shops in the guild have all been losing money chiefly on account of the failure of other firms that owed them money, and also owing to the decrease of business caused by the war. Native Bank.
The 40 firms set out in the attached list have lost something
over £1,000,000, but in a few cases the year's balance sheet still shows a profit.
Rice Guild.
The condition of this business is not unsatisfactory. The
dealers have lost money on rice from Saigon and Bangkok but
en Tongking rice have made fair profits; none have suffered
serious loss.
Piece Goods.
The Guild consists of about 100 shops. Those dealers who had
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