The Archive · 1937

Reform. the Order of the Day

Reforms and changes in business circles seem to be the order of the ay, as a shifting of the Harbin market fon toa new. basis is being. ce templated, "Since the recently-promulgated import-export law was en-foreed in Harbin, the fact that the city has a large international population and a sulleiently capacious mai ket for various foreign goods. has: created a situation whereby there 1s surfeit of some of these products and a sad lack of others: Many foreign commodities which for the majority of the foreign population are, essentials, have fallen under clauses which prohibit their import. This state of affairs bred an abnormal rise In the prices of some goods, and residents of Harbin are faced with the spectre of speculation To discuss and find means of re~ me dying this situation, the Harbin Fepresontatives of the chiot Industrial istriety of Japan held a meeting in the latter part of November, Tt was decided to work hand-in-glove with the Harbin Chamber of Commerce in taking measures to supply the Harbin market with all essential merehandlst On the Initiative of Mr, Nakanist, was resolved to find Out of which goods manufactured abroad there Is '@-suMelency and of which a dearth, and what goods at present imported. from Europe and America equid comfortably substituted by those made in Japan, 'Meanwhile, a regulation and i provement of trade relations between Japan, Manchoukuo and Germany awaited Here as Mr, Toga, the newly appointed Japanese Ambassador to Germany will, it is expected, early, next year commence negotiations with' the representatives of the countries concerned, At present Manchoukuo has a favourable trade balance with Germany but—which fact may" come 8 a surprise to many—an adverse one with Japan, while Germany's exports to Japan exceed hor imports. from thal country, Efforts are expected to made to' balance this trade, and to do away with the steep rise in prices of the goods exported from Manchoukuo, thus alleviating their entrance into Germany. At the same time the forming of a goods-credit is foreseen, experience of gold-mining in Manshoukucan mines. Before leaving, the delegation asked Gen. Higuchi. to accept and turn to whatever use he saw Int 37 gasmasks which were in

organizations. the assession "of three) commercial

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

Your account