CO129-523-13 Currency situation 16-6-1930 - 16-6-1930 — Page 18

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A

Included in this figure, however, are

several large figures for groups of wide extent,

covering a large variety of goods, i.e., Foodstuffs and provisions $10,070,000, Piecegoods and textiles $4,100,000, oils and fats $2,090,000 and Sundries

,980,000.

5.

The first three roups have been examined in detail and, again taking the lower figure (import or export)

of each individual class of goods, the maxima of the

inter-Chinese trade in these groups are reduced to $1,480,000, $1,260,000 and $160,000 respectively. Substituting these figures for those quoted above, the maximum total inter-Chinese trade is reduced to

$1,050,000. This could, no doubt, be further reduced by a similar analysis of the other principal groups (particularly "Sundries").

6.

C

The comparatively small extent of the

inter-Chinese trade in the groups examined in detail is confirmed by looking at the nature of the trade in

those groups.

(1) In "Foodstuffs" the main exports to China are Rice $6,153,000 (from Indo-China, Burma and Slam) Sugar $8,957,000 (from Netherlands East Indies) and Wheat Flour $2,194,000 (from United States of America and Canada). These three items together for over 75% of the total export of Foodstuffs to China.

(2) In "Piecegoods and textiles" there are

two main streams, one of cotton piecegoods from Japan and Europe into China, and one of silk piecegoods from

China to the rest of the world.

(3) In "Oil and Fats" $3,200,000 of the total exports to Cuina of $3,790,000 consist of petrol,

kerosene