The Archive · 1923

Opening in Mongolia

'A representative in China of Messrs. Lever Brothers, who recently made a business trip into Mongolia, writing of trade in that country to the "Manchester Guardian," says business conditions at Urga are very favourable. He was informed that last year's fur and skin business was the most profitable that had ever been experienced, while present conditions inflicate that larger exports will be made this year than heretofore. Foreign goods at Urga are sold to Chinese and Mongolian dealers. They are paid for generally after 30 days' credit. The Mex. silver dollar, lump silver, and Russian gold. roubles are used. In the interior, business is conducted under different conditions, and a system of barter is used. Piece goods, tea, ironmongery, wire nails, and general goods are in great mand. Large quantities of these goods are delivered to Mongolian dealers, no payment being made at the time of delivery. After an interval of from two to six months, the Mongolian dealer returns from his long trip to various Mongolian towns and settles for the goods by giving furs, camel's wool," or other Mongolian products in exchange for the foreign goods.

Text read from the printed page and cleaned; old type leaves the occasional error.

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