The trade slump here is attributed to the general unfavourable condi Hons in South China, The prosper:
of this part of the country was due largely to the remittance of sav {ings from' Chinese in the United: States, Canada, Java, the Straits Settlement, Malaya, and Australia, 'This flow of wealth has stopped for the past' three years, owing to depression in those countries, 'Millions of dollars came in every month through local banks during boom years. Now the overseas. Chin. ese can barely make a living and cannot remit' money home, Some live on. charity, while others are turning home. ' Most of the overseas Chinese are natives of -Kuangtung, hence South China is more seriously affected by the world wide - depres: sion than other parts of the country.
Another result of the world slump In trade is the decline of the silk In: dustry in Kuangtung. Poor quality the reason for the decreasing mand for Chinese silk abroad, conditions abroad are not. 30 bad, there will be some business done. Chinese sith is handred here by local merchants, confronting solution has to be found, if Hongkong trade to be improved.
Text read from the printed page and cleaned; old type leaves the occasional error.