'The tenth annual general meeting! of the Shanghai Paper Importers' Soclation was hela in Wayfoong House on April 26, under the chairmanship of Mr. R. E. Olaussen, The report and the accounts were unanimously adopted?. "Four surveys, two arbitrations and one fire loss assessment were conducted by the Association last year. The following committee was elected for the ensue ing year: President, "Mr.
Olaussen; vice-President Mr. H. W. Breuer; hon. Secretary and Treasurer, Mr. IF, Acheson; and Messrs. Schuster, PF. N. Mollitz, Anderson and "A. Conetti. Mr. Acheson has served as hon. secretary land. treasurer for eight years and Mr, Olaussen was re-elected president for the fifth time. port, after surveying of. trade. recovery throughout World: with special emphasis in con~ heetion with the industry, observed from statistics quoted, that China has still avery long way to go to com: pare with Western consumption. of Regarding the China market, said:—"The value of the total importation of paper into the whole of China decreased by ESS. $8,900,000. last year. Canada and Japan increased their exports to China by approx. ESS. $1,058,000 and C.S.S. $1,800,000 respectively, while the value of importation from Sweden and U.S. A. Groped by about ESS, $2,000,000 each, from Germany by approx. ESS. $2,400,000. from Norway by about ESS, $500,000, The bulk of the Newsprint busine during the year went to Canada and US: A—the importation into the whole of China from these countries being about 29,000. tons and 11,000 tons respectively as against 17,000 and 4,000 tons in 1999.
It Is interesting to note that some consignments of newsprint from Black Sea ports arrived the year and were "given away" at round about £7 per ton 'A further interesting feature was The Japanese inc quite considerably last ly in the North and Upper Yangize 's_ business was" very unsatisfactory: the depression in Shanghai made lise! severely felt but paperedeaters are stil en: erally. Ina better ancial. position than' most other dealers, which is in small measure due to the backing riven them by" this. Association, by Changing the, terms of sales from "ex we down" to*eifel" {n 1026, thus ell Tinating speculators. and. gamblers to Varge extent. The" year was a ddimeult one and rates of exchange fluctuated greatly. "The towest quot Non in' Sterling. was about "1/24 quoted" beninning of May, and the Highest about 1/6%&' middle of October, but as usual in recent years, the Government's avalanches of new eust toms" regulations, their ever-changing Interpretations of their own tariffs in-many' instances in. diet conteavention" 0" the fundamentals Trade-caused unnecessary uncertain. {y,. uneasiness. and great financial Toises to" importers and their" cus tom The scheme of erecting a "news" paper mili'in Wenchow has "been abandoned. Paperamaking on modern Tines ts an, unprofitable. business. uns} leas" protected by unreasonably igh tari walls Local mills have recently modern-their equipment and ave turn-onl quite acceptable qualities of Paper made. from imported pulp.
"The Far Eastern freight conference rates" on newspaper on reels. were Fedueed" by' 12/6d_ and for' other irades of paper by 5/~ from Novernbert.
Text read from the printed page and cleaned; old type leaves the occasional error.