This new economic policy is a great blow to a local British factory. In Hongkong there is alrevay strong] Japanese competition, a" Japanese cement is as cheap as $1 per bag of }240 Ibs. Formerly British cement, sold very well in Canton owing to the boycott of Japanese goods. Now the Chirese factory at Sichuen turns out cement, and owing to heavy taxes Hongkong cement has no market in JCanton. Even Chinese cement produced in Tangshan, Hopel province, 1 kept out from competition on the mainland.
Factory owners in Hongkong are Aelightod to learn that Singapore Chinese merchants are preparing to! open Chinese Products Exhibition. Factory proprietors will send all Kinds of their products to the Exbition, which will also sell. them. Chinese firms in Singapore are willing to act as agents for goods from China especially from Hongkong. They are enthusiastic over importing Hongkong manufactured goods owing to the fact that local products are cheaper than those from China pro-[per. Most manufactured native goods Fequire foreign raw materials, which fora cheaper in Hongzong, a free Ort Chinese factories in Shangha: Jrientsin and Canton, it is under stood, will also send their pro-[ducts for exhibition in Singapore. Fepresentative of the Singapore [Chinese Chamber of Commerce stated that there was prospect of pushing the sale of Hongkong manufactured goods in that British possession. Where trade has improved somewhat Guring recent months. Chinese residents, he said, would like to buy commodities {rom their native land.
One hundred and 52 Chinese retuned here from Car bei tunable to make a living there during the depression. Most of them are Jover middle age and wanted to come: JHome to spend the remainder of their: days with their wives and children. They were given passages at the ex. pense of te Canadian Government Bnd arrived aboard the Empress of Asia Gach man also received $20 expressed gratitude to the Canadian Government and declarsy they can go back if they want to do so.
Text read from the printed page and cleaned; old type leaves the occasional error.