Frost Oun Own Comrsroneenr Harbin, Aug. 27.
The statistics now published by the Manchoukuo Department of Finance show that the foreign trade of the Jcountry for the first six months of 1935 has increased in value by the large sum of Yuan 28,074,000, 'Ma choukuo dollars, against that of the corresponding period of last year, this being a most satisfactory state of affairs and also boding well for the future prosperity of the New State. 'Taking the for' exports and imports, these are not so satisfactory froma a financial point of view as the imports exceed the exports by a sum Jot Yuan 72,950,310.
The total turnover was Yuan 523, 1535820 of which exports comprised [Yuan 225,292,755 and imports Yuan 298,249,055, but the excess of imports /must be attributed to the great construction policy of the government, the new railways that are being laid down in all directions and which later on must add to the agricultural area and thus increase exports.
In comparison with the frst six months of 1934 exports have dropped by Yuan 20,000,000 and imports have increased by Yuan 30,120,000. It int false be borne in mind that the demand for Manchoukuo staples has fallen off owing to the general world depression and the increase {in the population has caused a greater demand locally for wheat which cannot possibly be exported at the prices, now ruling in Manchoukuo, besides which the duty on flour has given more business to local flour mills.
As always soya beans represented the main item of exports, but the total was only 6,000,000 piculs, represent ing a fall in value of Yuan 7,000,000 as compared with the same period last year. Millet showed a decrease In exports of over 50 per cent. principal-owing to the greater local demand, Notwithstanding the increased area under wheat and the consequent gain crop in 1994, the principal item of import was wheat flour, this being Valued at Yuan 32,799,800, thus proving, that a very much larger area might bbe sown with wheat provided foreign flour can be kept out of the country.
The impens of construction materials, including iron, steel, Jgement and machinery amounted 10 Yuan 62,000,000 representing about 22 per cent. of the total imports and indicating an increase of 10 per cent, British Trade Increases 'The largest volume in foreign trade is naturally done by including 'Korea, this being valued' at Yuan 340,006,000 representing about 60 per cent, of the entire trade turnover with foreign countries. China ranks Second and is followed by Germany, the United States and Great Britain, while the most extraordinary point is that Great Britain increased her trade with Manchoukuo by 100 per cent. this being principally due exports to that country, principally. suva beans.
Though Mr. Bronson Rea, Counseller of the Manchoukuo Foreign Office states that the people of the United States are not interested in Manchoukuo and that it has no real business connection with Manchoukuo, the foreign trade Aigues of the country Prove that the United States is the fourth in that line and though this Is almost entirely represented by ports into the country, surely the American shippers do not wish to lose the maker altogether. The Manchoukuo products which America imports consist principally of furs America is a farming country and does not require beans or wheat.
The country whose foreign trade turnover with Manchoukuo should steadily increase is undoubtedly Great ch Britain, but these is the dimeutty of working ina State which is not rec-agnized where the consuls of the nation interested can do nothing to assist thelr_merchants, The foreign trade with the major countries is as follows for the first six months of 1935. yuan 280.004
'The principal imports' were. wiiest our Tron and steel. Vehicles and ships Machinery and tools Cotton piece goods Acconsine to the Secretary General of the Judicial Yuan, more than 200 Jdifferent proposals for considerat lby the National Judicial Conference Jwhich is to open in Nanking on' September 16, have been received from various Sources.
Text read from the printed page and cleaned; old type leaves the occasional error.