CO129-501-1 Chinese situation- Canton strike- boycott and trade situation 6-1-1927 - 13-5-1927 — Page 24

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Telegram from the Governor of Hong Kong to the Secretary of

State for the Colonies.

Dated 10th March, 1927.

(Received Colonial Office 11.52 a.m. 10th March, 1927.)

Swat ow.

My telegram of 2nd March Trade situation Shipping

position appears to be improving slowly notwithstanding difficulties at Yangtse Ports. Emigrant traffic is

especially brisk British vessels getting full share even fram

Usualyearly agreements between British Shipping Companies and Chinese shippers at Tientsin have also been

signed. On the other hand Chinese merchants at Saigon

are endeavouring to boycott British ships out of rice trade.

Local sugar refineries Taikoo have closed down and Jardine Matheson and Company expect to close owing to diminished demand due to disturbances impoverishing consuming districts of China but Hong Kong and Shanghai Bank have been able to declare total dividend of £8 and

Hong Kong Electric tramways report a highly successful

year. A fair amount of business has been done in piece goods for the autumn delivery.

Tension between communist and moderates appears to have become general throughout nationalist areas merchant

versus employé dispute in Canton is still unsettled labour

extremists have gone with, the third International

delegation to Hankow

Unnumbered telegram of 10th March.

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4 MAR 1927

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