CO129-523-13 Currency situation 16-6-1930 - 16-6-1930 — Page 19

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kerosene etc. (from the United Bates of America,

Netherlands, East Indies and Stuits).

Moreover, an inspecti of returns of all

classes of goods discloses no single class in which any

large inter-Chinese trade can, ith certainty, be detected.

7.

It is apparent, therefore, that the inter-

Chinese trade is of comparatively little importance.

The great bulk of Hong Kong's trade with Clina consists in exporting to it the woods of the rest of the world (and of Hong Kong itself) and Importing goods from China for distribution to the rest of the world (and

for consumption in Hong Kong),

во

On the other hand, a cousiderable part of Hong Kong's trade is entirely with non-Chinese countries, e.g. there is a flow through Hong Kong of Siamese rice to Japan, and of Japanese piecegonds to Sian and Indo-China. It is possible to show that this is actually greater in amount than the inter-Chinese trade.

9.

For, let x million dollars be the inter-

Chinese trade then (40-x) million dollars the value

x)

of goods imported from China for export elsewhere (including consumption in Hong Kong) and (54 million dollars the value of goods exported to China, originating elsewhere (including Hong Kong).

By

Hong Kong's total exports were 114 million dollars; then the value of the exports of non-Chinese goods to non-Chinese countries (including Hong Kong itself as "non-Chinese"), must equal.

114 (40 - x)

x+20.

(54 x) I

من

That is, the portion of Hong Kong's visible

trade