The Archive · 1934

JAPANESE INROADS INTO HONGKONG TRADE Malf-Year Shows Decline with June Showing Improvements

The Statistical OMtice of the Imports and Exports Department reports that, fu terms of Hongkong currency, the trade of the Colony declined during the first halt year of 1934, as come pared with the corresponding period of 1933; imports being less by 245] Ber cent and exports less by 303 per Cent.

In the first half year of 1984 imports were declared at a value of $1955 millions (£142 millions), as compared with $259.0 millions (£170 millions), the frst half year of 1933; exports {totalled $157.1 millions (2114 mil-Mons) as against $211.6 millions (2139 millions).

Comparative statistics show that Japan, China and the Netherlands East Indies increased their shares of the Imports into the Colony, while Great Britain, U.S.A. French Indo-China. Siam, Germany, British Mal ya, India, ustralla and Belgium recorded decreases.

The Japanese share of "the total Import trade almost doubled: in the frst halt year of 1993 It amounted to 44 per cent and in the frst half year of 1934 to 80 per cent.

The Piece Goods imports trade declined from $36.4 millions in the first half year of 1983 to $288 millions, in the first halt year of 1934, the share of the United Kingdom falling from 284 per cent. ($10.3 millions), to 146 er cent. ($42 millions): while the share of Japan increased from 8. per cent, ($29 millions) to 154 per cent. ($44 millions). The north China share of this trade has "steadily Increased from 220 per cent. in the frst half year of 1931 to 293" per cent in 1982, 469 per cent in 1933 and $29 per cent in 1084.

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

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