Qouta System for Imports Gaining Adherents: Lack of Income from Abroad Serious Frost Our Own:
Hongkong, July 23.
Trade revival in Hongkong is to be considered by the economic. commis-local British works is undercut Japanese competition, and Chinese~ made socks, singlets, Hashlights, etc., are under-sold by those from Nippon. Therefore, continuation of" this Colony as a tree port does not benefit British "firms here or the Chinese merchants, because this Colony is a free port foods from "any country can" be Gumped here. Recently the British Government introduced the quota system asa limit to Japanese goods Apart from the dumping of Japanese products into Hongkong," the economic commission has to find out ways and means to cope with the Gepressed conditions which have hit South China, The Chinese Chamber of Commerce has proposed numerous ways for trade revival, but they are concerned mostly in asking the government. to reduce rates, "Crown Japan to Build Cruiser for China ater charges. The gov-expressed no opinion of this plan but is" depending on the findings of its own commission, Kobe, Aug. 1.
A contract is reporied to have been signed by the Chinese Government. and the Haruna Dockyard here for the construc-lon, by the latter, of alight cruiser for China:—Rengo.
Prices of real estate are going down throughout the Colony. This is due to a general slackness in business. Houses are being built on the ow, reclaimed ground at Wanchai, trid on the outers of the ty. Tht Supply exceeding the demand, the price of real estate property is de~ redating. Buyers are hard to find these days, in certain British colonies, but]
Hongkong refused to follow the same step.
'OMicials here now wonder _whether or mot it would be a wise move adopt the quota system. A section of opinion here still follows the sentiment of the Anglo-Japanese Al-lance days, and regards the Japanese as "our cousins." Tals view opposes any restriction on Japanese foods. In recent years Japanese competition his proved to be too een, with the result that this scheat of thought seems to be losing ground,
Text read from the printed page and cleaned; old type leaves the occasional error.