The Archive · 1922

Foreign Settlements

SHANGHAI TRAMWAYS

The following is the Traffic Return of the Ehanghai Tramways, Foreign Settlement) for the week ended May 31, with figures for the corresponding week last year:—1922 i921 Gross receipts $69,384,35 $58,225.32 Loss by currency depreciation 27,255.37 18,309.65

Effective receipts $42,128.98 $39,916.17

Percentage of loss by currency depreciation 41.28 32.94 Car miles run 111,760 108,217 Passengers carried 2,450,919 2,530,124 The following is the Return for the month of May and_ for five months ended May 31, with figures for the corresponding periods last year Gross_ receipts Loss by currency depreciation May jew. May 1921, 307,579.11 242,669.59

119,032.35 76,572.17 on this service, but met opposition primary causes for the dwindling from a British steamship company} condition of Japan's export trade, to let the company join the con-some leaders in the Japanese busiference. There are no signs of aniness world have been studying a immediate stop in the freight com-plan of floating an accepting house Petition. or export financing corporation. According to an announcement, the Japan Export Trade plan has nearly materialized. A corporation will soon be floated and The flotation of a new export! put into working order with a well financing corporation has been: known banker as its president. decided upon by men interested in! Pending the actual organization the upkeep of Japan's export trade. of its promotion committee, its It will soon be in working orderjplans are kept secret, but it is and will help Japanese merchants} understood that it will transact all trading in China, Oceanic countries! sorts of business as an accepting and Latin America. house for Japanese traders in China, Having found that the lack of; Oceanic countries. India, Latin financial support is one of the' America and other parts.

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

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