Clearing economic skies and favourable flutters of trade winds through-Out 1085 promised a prosperous year in 1086 for most sections of the Pacifiz basin unless political storms interfere, according to Informed circles here, From Netherland Ipdia to California corists, rising prices"and heavier, ear-oes marked the revival of confidence fand strength after years of commer-lal stagnation.
The epochal Might of the China Clipper symbolized to American minds, the lift in spirits and hope of progress throughout the area, But Fumblings of new Sino-Japanese strife In North China reminded them of many dangers amid conflicting political currents, The birth of a new nation in the area—the Philippines, Commonwealth also gave an auspicious and histor!- cal touch to the year Yet that very event emphasized tke changing political status and caused anxiety in some circles over what Ils fate would bbe In the face of stronger economic for military states in the vicinity.
Increase In Trade Volume Asin as a whole enjoyed approx! mately an 85 per cent. increase in its favourable trade balance with the United States during the frst nine months of 1925, signalizing the recovery in many important lines of trade. This consisted of sales to the United States of $50,500,000 and purchases of only $262;400,000 while in the Sune period of 18% it sold only "$85,700,000 and bought $282,100,000.
The favourable balances were $188 100,000 and $103,600,000 respectively.
China attained a favourable balance of trade with the United States in 'October' of 1935 for the first time in of raw silk during the year poured Fecent memory, white mounting prices additional dollars into Japan.
Netherland India saw prices of rubber and tin rise materially, and this was refeeled in corresponding benefit for the United States, whose share of automobile sales to the Indies rose over 100 per cent. the first nine months of the year.
Settlement of the troublesome competition between Japan and the United 'A meeting of the debenture holders lof the Metropolitan Land Compan;,_ Lid, was held on Tuesday, Dee. 31, at l26 'The Bund, for the purpose' of [considering and discussing the silver [Clause in the Trust Deed. The meet-if, which was convened by' the! [Trustee on requisition of debenture molders, was presided over by Mr, W. P, bambe, and was attended by" de.
ture holders representing $886,300 lot debentures. The notice convening ithe meeting "and also. the Silver Clause in the Trust Deed, having Jocen read, a general discussion took place, after which the following relution was passed:
That the debenture holders accept payment of the half yearly interest due on the Sist day of December. 1005 Interest "warrants "In Chinese. currency {2, he nominal amount of such interest States for the textile] pe\nucr wateet wog aint Seneie wrket in tke form of a quota ar-to any legal rights which they may have rangement promised great improve Under "the terms of he Debenture ment in the triangular relations of Trust Deed and that the Trustee: be those three paris of the Pacific. ne-before absolved from any obligation cording to officials here. under the provisions of Clause 46 of the Deed in respect of such payment, Tarlif Re-Arrangements
Text read from the printed page and cleaned; old type leaves the occasional error.