E.R. COPY.
TRANSLATION.
3 June, 1916.
449
Dear Jackson,
I have read with interest Loudon McLean's letter to you of 31st ulto., and I quite agree with him that so far the policy adopted by the British Government regarding sugar which has passed through enemy hands has been too weak.
My firm here, as well as in Semarang, has frequently succeeded in so intimidating sugar dealings, that no buyers were to be found for Ermann & Sielcken's sugars. The firm E. & S. itself was also under the impression that the British Government was in earnest regarding the hindering and elimination of German trade in sugar and they would run no risks the consequences of which they could not see.
In connection herewith I'd like to draw attention to the fact that the last first-hand sugar ex crop 1915 was bought by this firm in January last. Since then 10,000,000 piculs of sugar at prices varying from $10 to $12 for Channel Assortment, and from $11 to $14.3 for Superior sugar have passed from manufacturers' hands into those of dealers for which B. & S. did not care to compete, a fact corroborated by their brokers.
Since then, however, indirectly German sugar has come into British hands and that is the reason that firms like E. & S., Gumprich & Strauss, and Birnbaum as well as Chinese dealers take a more optimistic view of the future, which is proved by the fact that E. & S. have already bought sugar again ex Crop 1917, which they have sold with profit to Chinese.
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E.R. COPY.
SLATION.
3 June, 1916.
449
Dear Jackson,
I have read with interest Loudon McLean's letter
to you of 31st ulto, and I quite agree with him that so far the
policy adopted by the British Government regarding sugar which
has passed through enemy hands has been too weak,
My firm here, as well as in Semarang, has frequently
succeeded in so intimidating sugar dealings, that no buyers
were to be found for Ermann & Sieloken's sugars. The firm
E. & S. itself was also under the impression that the British
Government was in earnest regarding the hindering and
elimination of German trade in sugar and they would run no
risks the consequences of which they could not see.
-
-
In connection herewith I'dre. attention to the
fact that the last first hand sugar ex crop 1910 was
bought by this firm in January last. Since then 10,000,000
piculs of sugar at prices varying from D 10 F 12 for Channel
Assortment, and from F 11 to P 143 for Superior sugar have
passed from manufacturers hands into those of dealers for
which B. & S. did not care to compete, a fact corroborated
by their brokers.
Since then however indirectly German sugar has
come into British hands and that is the reason that firms
like E. & S., Gumprich & Strauss & Birbbaum as well as
Chinese dealers take a core optimistic view of the future, which is proved by the fact that E. & 3., 0. § § have already bought sugar again ex Crop 1917, which they have sold with
profit to Chinese.
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