1935-10-23 — Page 7

HONG KONG TRADE RETURNS

Figures for September Issued

An official report issued by the Statistical Office of the im-: ports and Exports Department states that the combined declared values of imports and exports of merchandise during the first three quarters of 1935 amounted to a total of $470.1 milions (£48.2 millions), as compared with $539.7 millions (£39.8 millions) in the corresponding period of 1934, and. $688.1 millions (£46.0 milions) in the corresponding period of 1933.

The declared values of imports of merchandise amounted to $270.8 millions (£27.8 millions) in the first nine months of 1935, as compared with $3621 millions (£22.3 millions) in the corres- ponding period of 1934 and $3811 millions (£25.3 millions) in the corresponding period of 1933.

The declared values of exports of merchandise amounted to $199.3 millions (£20.4 millions) in the first nine months of 1935, as compared with $237.6 millions (£17.5 millions) in the corrES- ponding period of 1934 and $307,0 millions (£20,5 millions) in the corresponding period of 1933.

Calculating in terms of Hong into Hong Kong fluctuated from a Kong currency imports of mertow Hong Kong dollar value (25.1 chandise during the Arat nine millions) in August, 1935, to a higr months of 1935 decreased by 10.4 (38.8 millions) in November, 1934: per cent, and 28.9 per cent.. as whlist export values fluctuated compared with the corresponding from a low of $18.0 millions in periods of 1934 and 1933 respective-July. 1935, to $ high of $29.7 ly: whilst exports of merchandise millions in October, 1934. Detalls declined by 16.1 per cent. and 35:1 per cent. respectively.

are given below, with the sterling equivalents, at monthly average rates of exchange, in brackets:-

1934

Sept.

October

14

Nov."

In terms of sterling values im parts of merchandise during the Brst nine months of 1935 increased by 24.7 per cent, and 9.0 per cent.. as compared with the correspond- ing periods of 1934 and 1933 re- spectively, whilst exports of mer- chandise increased by 18.3 per cent, as compared with the cor- Dec. responding period of 1934, and de- clined by 0,5 per cent, às compared with the corresponding period of January

1933.

||

1935

Treasure Imports during the first | Feb. nine months of 1935 amounted to $28.8 millions, as compared with 'March $48.7 millions in the corresponding period of 1934 and $28.3 millions April 1n the corresponding period of 1933 whilst exports of treasure May totalled $128.9 millions in the first nine months of 1835, as compared | Juna with $85.6 millions and $103.1 inillions In

corresponding July perlods of 1934 and 1933 respec- tively.

Augost The following comparative tables show total values of imports and Bept. " exports of merchandise and trea- sure during the first nine months of 1935, 1934, 1933 and 1932:—

IMPORTE

1935 $

IMPORTS. EXPORTS $37,153.882 $29,432,184 (£2,883,294) (£2,284,0801 $36,721,817 329,655 684 (£2,083,648) (£2.409,524) $38,817,414 $29,474,552 (£3,184,024) (£2,402,4831 $33.253,151 $28.405.180 (£3.227,610) (£2,366,635)

$34,274,100 $26.842,125 (£2,990,059) (£2,341 698Y

$28,800,844 (£2.587,576)

520,584,724 (1,849,409) $34,175,095 $27,368,852 (£3,380,810) ·(£2,715 503) $32,005,052 $25.563.192

(£2,742,717) (£3.433,875)

$35,560.854 $23.266.674 (£4,259,804) (£2,787.154), $26,123,997 $19.058,866 (£3.041.512) (£2,193,870> $25,745,053 $18,028.990 (£2,841,862), (£1,915 580) $25,148,130 $19,294,195 (£2,621,322) (£1.928,429) $26,620,165 $19,355.348

(£2.662,017) (£1.935,595) Mean rate of Exchange for September, 1935, H.K.$-25, Od.

VALUE BY COUNTRIES 1934 $

The total values of Imports and Merchandise 270,750,299 302.128.140 exports of merchandise for the of September, 1935 ate Treasure....... 28.003,995 48.695,192 month

shown below by countries, the Total... 299,354,204 350,221,332 figures for September, 1934, being

given in brackets:-

-1933

$

1932

$

Merchandise 381,008,732 477,820.540 |U.K.

26,339,057. 75,211,481 Treasure......

Total 407.408.689 553.(32,021

Merchandise 199,303,965 237.589,257 Ceylon Treasure... 128,887,811 85,€13,790

*

HONG KONG DAILY PRESS, WEDNESDAY, OCTOBER 23, 1935.

THE OUTLOOK OF TRADE

Interesting Address At Rotary Club Tiffin

China's Huge Tariffs And Their Ill Effects

There was a very good attendance at the weekly Rotary Club tiffin yesterday held on the roof garden of the Hong Kong Hotel, when Mr. G. C. Pelham, H. M.. Trade Commissioner in Hong Kong and Commercial Secretary to His Majesty's Embassy at Peking gave an interesting talk, his subject being "The Outlook of Trade.'

The speaker said that it was rather unfortunate that his stay in Hong Kong (for a little over two years) coincided with the worst period of trade stagnation, for if the "Look what I reverse had been the case, he could then stick out his chest and have done?''

•

Before calling on Mr. Pelhain to deliver his address, the President of the Rotary Club, Professor Foster introduced Dr. F. W. Mohr, Vice President of the Rotary Club in Hamburg to the gathering, and called upon him to say a few words. Dr. Mohr said that he wagon a tour to study economic conditions and had already visited the Philippines. Dutch East Indies and Australia.

toge her the right causes to ensure I get that until we can get our trad-

the correct results.

We are all apt to

In extending a welcome from the Rotary Club in Hamburg, the speaker said that he had, often been asked of the fate of the Ro-politicial practitioners for tary movement in Germany since the Revolu.ion in 1933. He assured all present tha Rotary was in a heathy sta.e since Adolf Hitler himself, when he had learned of the in-ernational spirit of Rotary, had greatly encouraged the move- ment. Regular meetings were held of.en. with British. French, Italian and Polish cube

He had very great pleasure in extending a welcome from Ger- many to the Rotary Club in Hane Kong

14

MR. PELHAM'S ADDRESS

Mr. Pelham said in part:- Some time ago, early this year, Sir Stephen Demarlad made a speech in which he referred to he position of trade and indus- try and one remark was so apt that I am not going to apologise The position, he for repeating it. said, reminded him of the old rhyme:--

The centipede was happy quite, Until the load, in fun, Asked him which leg went after

which

This worked his mind "to such

a pitch

He lay distracted in a ditch Considering how to run.

Our ancestors would be amazed

ing relations properly adjusted, carse r our efforts in those directions 1.1

their not meet with full, fruition, unpalatable prescriptions. espec- The proper adjustment of in- ially when it comes to budgets and ternational trade is the key which tarttis and various controls and will open that door, We talk of

overproduction ада under-con restrictions on trade, but after all they are usually only trying to sumption, but when we consider prescribe according to the sym- the world as a whole, we must p.oms, and it seems to me that realise that there is no such thing the sooner the whole community and that we have to go a long of commerce and industry, science way yet in the development of our! and at, can get together and pro-system of exchange and distribu. duce the right symptoms. the tion of goods before we can go as sooner they are likely to get the far as to say that no one in the

world need starve. prescription they want,

This may sound, a little. far fetched, but it is a plea for more conscious co-operation in trade

and commerce towards a goal of mutual benefit. I think it will come it will be a sorry world if It doesn't though it will be with what Sidney Webb called "Th ineviability of gradualness," ard we mustn't despair and give up our efforts because the results come put gradually and do not stand out sharply and clearly,

NO LONGER SIMPLE

BRITAIN'S EFFORTS

With a certain amount of for-

givable pride, 1" may perhaps he allowed to say that Great Britain has put her house in order and is not doing too badly. The organi- sation of industry and commerce has greatly improved. It cannot get very far, however, without improvement in other greater countries. Our selling is limited because other people's selling limated, and though we hope that the ball has commenced to roll and that others will commence to push, the moiton is yet very slow.

Trade is no longer the simple exchange that it used to be. The Derson engaging in irade must b Few will deny that what the something of an economist. He world stands in need of to-day must know something about tariffs more than anything else is inter- quotas and restrictions, currencies, national peace, brought about by exchange, and international he relaxation of national an a- treaties. Be must know something "gonism, and an increase in the abou, wages, prices, and cost of exchange of commodities between living. He must know something | countries. What greater incen

with and ber than to know that he is a man like yourself, sharing he same interests and ideals, and with his own individual offering to make towards the progress of civilisation

!1

encouraging

IMPORTS EXPORTS

$ 578,654

to hear that great masses of peo-about the organisation of ingus- tive can there be not to go to war

and in des.itucion, not be try ple were (818,696)

Finally, agriculture. 144,190 cause there was not enough to 20 here are for his consumption, all (181,164) round, but because there has too

the new ideas of planning and 88,257 much, and that in consequence | the control of production and sales (145.971) their labour was not needed to produce more. It sometimes seems 83,207 (137,121)

that the present mess in which 46.626 the world finds itself is so essen- (121,875, tially devoid of reason that per-

10,974

haps the answer which has been

(18,802)

hidden from the wise and prudert | 340,556 might yet be revealed to babes and (430,900) sucklings; in other words. It is not impossible that the centipeded might yet decide to forget all about the toad and might just get up and walk quietly sw3.

Australia

Burma

EXPORTS

"

1835

1934 $

Canada

E. Africa

Total

328,191,770 323,183,047

1933 $

1932 $

Merchandise 307,027,554 362.276,269 Treasure... 103,142,301 91.571.098

India

British

Malaya

1,681,578 (3,966,846)

497,433 (628,373)

31.328 (267,356) 306,454 (335,755)

11,260 (11,832) 9,275 (12,302) 155,156 (670,425)

New Zealand

Total

410,169.915 443,646,367

SEPTEMBER FIGURES During the month of September,

imports 1935

of merchandise w. Africa amounted to 2 tatai of $26.6 millions (£2,7 millions), ns com- pared with. $37.2 millions (£2.0 millions) in September, 1934: B.E. Other dollar decrease of 28.5 per cent.

B.N. Borneo

S. Africa

W. Indies

3,050 (1,199)

5,111

(41,144)

and a sterling decrease of 6.9 per Belgium

cent; whilst exports totalled $19.4

180,981 (368,675)

518,994 1,228,830 (555,487) (1,831,837)

1,619 24,873 (2,607)

This might in fact happen if (21,488) 104,169 40,722

the world centipede had a con- (134,283) (56,628)

trolling brain. But it has almost 2,430 40.472 as many motor controls as legs, and the present business of the (47.825)

18,524 world must be endeavour to get (8,921) those controls co-ordinated so 323,406 that the legs may move in rhythm

WHAT WE WANT

millions (£1.9 millions), as com- China, North 4,480,905 pared with $29.4 millions (£2.3

E

(167.787))

36,850 (100,241) 241,600

.. (58,780) 1,112,838 (8,485,952) (4,251,491) millions); a dollar decrease of 34.0 China, Middle 469,174 per cent, and a sterling decrease of

17.4 per cent..

ไ

A great many of us know what we wage in a general way, and we give our desires such names as

peace, prosperity, and happiness. But we have got long work ahead before we will be able to collect

1,442.138 (542,931) (2,225,388) China, South 4,724,508 8,399,317

(5.535,802) (9,673,353)

385,000

9,114 Macao (19,237)

88,205 Norway

The following table shows com- parative figures of imports and ex- Cubs

ports of Merchandise and Treasure during the months of September, 1835 and September, 1934:

Merchandise Treasure...

IMPORTE

11

C. America

Denmark

Sept. 1915 Sept. 1934 Egypt

$20,620,165 $37,153,862

1,359.884 5,731,852 France

Total... $27,079,849 $42,885,514

(4,348) (182,655)

8,575 (1,921)

Indo-China 1,431,850

which have been super-imposed upon the old ideas of socialism and state ownership. Both merchants and economists must realise that economics is a difficult subject, which does not lend itself to doganalic conclusions. Above all they must realise that all ques- tions of economies depend ultimate- ly on human nature. It is not how people ought to reach in a. perfect world, but now people ac. tually will react in the world as it is to-day.

the

SLA

Is it more

to do business with a man whose at- itade has been explained and can be resp:cted, or one whose mind and personality has no apparent meaning? These questions re- quire no answer. Playing our part in the world selfishly because it has concrete advantages, and from a wider point of view because we owe it to our neighbours, cleary we must tell the world about our- selves.

PROUD HERITAGE · Some time ago, In Shanghal. Dr

· THE TRAVEL"ASSOCIATIUN

Wu lien teh, talking to

a Sino-

That Hong Kong should do this through the newly formed Trave. British gathering, said:

Al- "Like

the British people, the Association is not strange.

most every unit in the world, large Chinese nation has a long and

and small, has been doing same- proud heritage of history and

some time achievements behind it. If it has thing of the sort for no. yet fallen into line with most past. The movement to attract western countries in modern in- other people to visit us also has

its reaction--it will, if it is to sur dustrial expansion, this has been largely due to the difficulties ex-vive, tend to an improvement in lalled ia making

ancient ourselves and our conditions, and it civilisation covering one fourth of will at the same time afford those earth's entire population other people a glimpse of how quickly adapt itself to a material- felcy sojourners on "this planet (572,250) (630,423) istic and machine world. But in are in their own way striving to-

wards that mutual goal of hap 428,124 1,058,154

spite of many ups and downs, We 6715,922) (1,261,437 can all sex movements in the right piness and prosperity. I wish the

85,841

direction, and the country needs Travi Association every success. (32,724) (18) only, the sympathetic and scienti- and hope that it wil meet with 1,349,838 412,346 Ac mind of present day Europe much greater support than is at (3,587,015) (745,666) and Amerca to stimulate it along present apparent.

296,653 its chosen path."

China is undergoing a very dif- (308,603) Now as far as Hong Kong and | ficult period. She is a country 683,633 Canton are concerned, there is which, having a very ancient (923,493) | much visiting done and contacts civilisation, has but lately adopted 125,403 made and I think I am not fat-modernity, and in doing so, shẹ (84,305) | fering when I say that the Rotary suffers under many handicaps. As 264,084

Clubs are responsible for a lot of I have so often said, we foreigners (68,361)

often talk about the great poten- 12,969

There is no reason whatever why | Halliles, of China as a market. for (22,651) (7,500) | we should not whole-heartedly. co- the goods, of other countries, but

10,836

14,294 operate in trying to make this his is only one side of the ques (6,492) (15,100) | world a better place. We usually ion. In order that China may 2,856,483 1,515,623 associa e the endeavour to make take those products of other coun (2,522,451) (1,559,407) | of the wond a better place with fries for her need and develop÷

100,297 68,017 the arts and sciences, with plea- (143.647) (135,476) sure and ease, and are apt to for

19.080NE. Indies (1,182)

3,478 Philippines

(1,789)

(5,773)

130,210 51:079 Slam (158,316) (307,081)

56,704 (07,856) 1,038,311 (2,541,438)

827,303 8 America,

(1,712,935) (1,777,099) |

1,702 ()

240,187 Sweden (1,552,774) (170,790)

470,413 141,100 Switzerland (491.243) (122,085)

115,018. 6,480 Spain. (414.701) (2,362) *3,323,400 870,269 U.S.A. (2,997,261) (1,049,598)

..

Others

374.923 .930,659

EXPORTS

Germany 1,156,208 Sept. 1935 Sept. 1934 Merchandise $18,355,348 $29,432,184 Holland Treasure.. 18,735,974 9,744.₤28

Italy $38,091,329 $39,170,610

Japan

Total

MONTHLY VALUES

Since September, 1984, monthly Kwong Chow values of Imports of Merchandise Wan.

1,257 (23,000) this.

(Continued on Page, 11)

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