1937-04-21 — Page 11

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7

HONG KONG DAILY PRESS, WEDNESDAY,

TRADE AND COMMERCE

IN CHINA

Much Brighter

Brighter Outlook

Reported

"During 1836 trade and commerce in Chins was better than It had been for some years previously, and though one swallow.. does not make a summer,' there is every reason to anticipate that the 'depression that has engulfed China in common with other countries, for so long is passing and that the future may be regarded with greater confidence than has been possil- ble for some few years," said Mr. R. Calder. Marshall, presiding at the 22nd annual general meeting of the British Chamber of Commerce held at the Chamber's offices 27 The Bund.

APRIL 21, 1937.

WORLD SUGARTM CONFERENCE

Agreement Still Undecided

London, Apr. 19.

The World Sugar Conference will know before the end of the week whether or not an agreement is possible with respect to the division of the free market.

To-day'a meeting between the heads of delegations and the nego- tiating committee was quiet and without excitement, and the com- mittee's report was received with- out comment. The conference then adjourned until to-mOITOW evening.

L1

Mr. Calder Marshall added: negotiation but resulted in the "Though some of the improvement consolidation of the authority of

Reuter learns the negotiating in trade is due to the miniature Nanking and greater unity in the committee's report explains the 'boom' in Europe and America, country-Kwangtung and Kwang-position as it has emerged from which in turn is due in part to si which had been separated from last week's discussions. extraordinary circumstances; and | China in all but name being now It is believed the delegations will though harvests last year were under the control of Nanking. į be called on to say, whether they unusually good, there is no doubt that greater confidence in the Government; the greater attention being given to rural and agricul- tural problems: the increased maintenance of order; the stabll- ity of the currency and improved communication both by rail and highway are

factors in the in- provement which must not be over- looked and which are of perman- ent value to the trade of the coun- try."

While conditions in the South-will adhere to their claims on the West appear to be more satisfac-free market or if they are pre- tory than for a long time past. pared to make. The presént conditions in the North are still claims, it is understood. ex❤ obscure. Though the "status que" ceed the total demand of the free with the Japanese is still being market, which is 3,178,000 tons, by maintained in North China, the at least 15 per cent. situation has potentialities which

While the original proposals inevitably give rise to misgivings favoured a five-year agreement it and thus unavoidably cloud what is now considered possible that a might otherwise be a clear pro-shorter agreement will be favour- spect.

ed. Meanwhile, certain delegations are presumably referring to their CONFIDENCE IN GÖVERNMENT

In the North-West communism | governments for instructions, and Reviewing the affairs during the

is still active and "appears Ukely it is taken for granted that these year, Mr. Calder Marshall said: to remain active until there is im- will be received in three days at

The confidence felt in the Gov-provement in the economic life of ernment and its policies was de-

the people. monstrated by the storm of dis- approval evoked by the revolt of Kwangtung and Kwangst and the Slan coup, both of which oblique attacks on Nanking fortunately

were

abortive. Thanks to the calm statesmanship of General- issimo Chiang Kai-shek and the Miniaters, situations which might easily have caused civil strife, were not only peacefully resolved by

ACTIVE COMMUNISM

the latest," enabling the conference to decide before the end of the The Improvement in the export week whether an agreement is trade apparent in 1935 was con- possible.- tinued through 1936, but the im-Reuter. provement in the Import trade did. not become evident until the sec- ond half of the year.

FOREIGN TRADE -- Noting that the recent improve ment in the total Foreign Trade returns had still to reach the ag- gregate of $1.957 million recorded

CHINA'S TRADE BY States was $371 million. Exclud- ing items under "sundry" China's COUNTRIES

greatest import from the USA. was "candles, soap, oils," etc. valued at 13,496,321 Customs gold units, and export "olls, tallow and wax," to the value of $63,460,223.

Chinese Maritime Customs Issues New Volume

The greatest import from Japan was 7,445,942" customia gold units' worth of "machinery and tools," and export "textile Abres," $31,- 348,000, the total value of imports and

exports being $225 million. "Metals and ores" led in the im- ports from Germany (10,285,282 gold units), and animal products, not including hides, leather, and skins (furs) and fishery and res products," valued at $13,127,695, the exports; the total value of Im- ports from and exports to Germany totalled $189. million.

The annual China trade report for 1838, issued by the Chinese Maritime Customs, is now on sale to the public, states the "North China Daily News." This year, the report has been issued in two parts, Part 1 being the report itself, and 2 a new volume entitled "Trade by Countries" which, in spite of its bulk (1004 pages) should meet with a very favourable reception. The order of importance of countries by Imports and exports during 1936 was the United States, Japan, Germany and Great Bri- Great Britain's chief imports and

this order taip:

remains un-exports covered the same items 88 changed as regards, Imports, but Germany, the corresponding figures Great Britain is third in the order being 8,747,805 gold units

and of exports, with Germany taking $30,210,636. respectively. Britain's fourth place. The total value of total imports and exports for the Imports and exports to the United year amounted to $175 million.

Duchess Wields Wallace Sword

The Duke of Choucester, who was accompanied by the Duchess of Gloucester, opened the "Daily Mail" Ideal Home Exhibition in Olympla..

Under the guidance of the Hon. Esmond Harmsworth and Sir George Button, they spent close on an hour and a half in a tour of the principal sections.

The Earl of Derby was among those who joined the Royal party.

Their Royal Highnesses first saw the Golden Hall of Homage." The underlying idea of the decorations of this section is to depict, on great triezes, & Coronation cavalcade of the British Empire. The hall is overlooked at one end by a statue of the King, modelled by Sir Wi- iam Reid Dick, RA.

Near this was a cake having on it a model in icing of the liner Queen Mary. Beside it lay a giant sword that had belonged to Sir William Wallace. When asked if' she would like to cut the cake with this, the Duchess expressed a doubt about her ability to handle it. With the help of an assistant she cut into the cake.

The Wallace sword is one of a collection of historical relics from Scotland. Some have been lent by the Earl of Strathmore, the Queen's father, and the Duke of Buccleuch, the Duchess's brother.

TONGUE-TWISTER RECORD The Duke of Gloucester spent some time in examining a model of the bridge of the Queen Mary. Wooden Thodels and toys made He was particularly interested in by men in the Special Area of Westthe fathometer which charts the Cumberland attracted the attendepth of the sea by sound.

• DUCHESS BUYS TOYS

tion of the Duchess on one of the stands. She made several pur- chases, including a toy train and rabbits on wheels drawing a car shaped like a goose.

Some merriment was caused at a stand on which was shown a speech bymograph, an instrument used for graphing different types of speech, It records voice and speech defects

A replica of the crypt, or re-aeeding treatment the record be- tainers' rooni. of Glamis Castle, Ing made by a series of wavy lines ancestral home of the Queen on a band of smoked paper. family, croused the interest of the An assistant gave a demonstra- Duke and Duchess. With its stone- tion with the tongue-twisting flagged floors and its figures in full | phrase: "Peter Piper picked a peck arniour around the walls, It is a of peppercorn." 1 The Duchess tallhful reproduction of a me- langbed when the record was ex-- diaeval Scottish chamber.

plained to her, baked MAW 'The exhibition in this year cele- brating its coming-of-age... It has "many special features in addition to the model housing and domestle labour-saving, exhibits.

At a confectionery stall the Duchess saw a shortbread cake on which was traced an outline of her ancestral home at Bowhill Belkirk shire.

In 1933, the figure for 1936 being $1,547 million, Mr. Calder Marshall welcomed the surplus of visible exports over imports shown in Jan./Feb. 1937. Great Britain's fourth place in the Import and Ex- of China had been port Trade maintained in 1938, but Empire figures were included the" "order" would (in millions of dollars) be changed thus: British Empire $429 (3175): U.8.A. and Dependencies $383 (371), Japanese Empire $305

($255), Germany $189 ($189). The bracketed figures are for the res pective countries concerned with- out their overseas returns.

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