Change Noted i 1933 in Excess of Imports Over Exports: Japanese Influx and and Consequence By TH, Bow Harbin, May 20, The total turnover value of the foreign trade of Manchuria during the first half of the year 1933 amounted to. 468,700,000 silver dollars, while for the second half the total turnover was 469,100,000, these figures being practically the same for each of the six months, but as regards exports and imports there was a very considerable alteration between the frst half year and the socood. While in the. first half of the year the exports Jamounted to 235,400,000 silver dollars, in the second half they decreased 10 167,900,000. On the other hand the imports which showed 233,900,000 in the first half of the year rose to 281 200,000 in the second half.
From the above figures it will be noted that the export for the second half of the year was reduced by prac-Heally 50 per cent, while in the second half of.the year the imports Increased by 50 per cent.
For years and years the trade of Manchuria always concluded with a favourable balance, and during the last twenty years. its trade with foreign countries always showed a surplus of exports over imports, this surplus reaching a very considera gute during the past ten years. The balance of trade which was seen in 1033 Is one whelh is unprecedented since 1920, Turning Point Reached It 1934 is going to tend the same way it may be deduced that the year 1093 represents a turning point in the foreign trade relations of Manchuria with other countries, while the great Increase in imports in the second half of the year is an entirely new feature for Manchuria. From being off in demand for beans by the foreign markets,
Text read from the printed page and cleaned; old type leaves the occasional error.