The Archive · 1935

EQUALIZATION CHARGE

The equalization charge remained unchanged throughout the week at GIN per cent, Berlin, Sept. 6.

A surplus of Chinese' exports to Germany over German imports is shown by the trade balance between the two countries for the first half of the year 1935, released for. publication here yesterday.

Although the Reich's exports to China have reached the figure of Rms. 47,700,000, which is "Rms. 9,900,000 more than during the first half of last year, they are still by Mrs. 10,- 00,000 lower than the figure of Chinese to Germany, Usted at Tims: '700,000. During the same period year China imported Rms. 64,400,000 worth of goods, so that the positive trade balance in her favour shows a decrease.

Berlin economic quarters attribute the increase in the Reich's exports to China by the shipments effected fulfillment of a contract for delivery of Germany railway materials to China.

On the other hand, the fact is deplored here that Germany, who was: in a position to ship to China during the Srst half of 1934 about Rin 900,000 worth of rayon silk thread, this year imported so far herself Res, 600,000 worth of this article, White German imports of eggs {rom China increased this year, exports of German textiles, moiorears, bicycles, paints, and perfume show a great decrease.

China's exports to Germany of ber and raw textiles have trebled since last year. Exports of lamb and. sheep skins from China are also on: the increase. The value of China's wood exports to Germany doubled and that of gotten shipments increased fourfold ince 1094—=Havas.

Washington, Sept. 5.

The Department of Commerce reported to-day that exports from the United States.to China amounted 10 $2,251,000 during July as compared to '$63861,000 during July, 1934, During the first seven months of this year, United States exported $24,910,000 worth of goods to China while $44,- 807,000 was exported during the firs Seven months of 1934, Tokyo, Sept. 7.

While Britain is "intuitively" feéling' that her future is on the down the Far East, she also reaizes that she must protect the securly of her vast investments in Chit made during the past decades, a 's, therefore, prepared to make

arise. "Such an advance, can to thal country if need should would never be made by Britain alone.

In July of this year the United This was the opinion expressed States imported $6,262,000 worth of here to-day by Mr. Shinjiro Mat-goods from China' while in 1934 suyama, Japanese commercial coun-

$4,004,000 worth of goods was imjselior {0 London, as he arrived on Ported from China. his first trip home in eight years, During the first seven months of "Britain appears to feel that she this year the United States imported must carry on her China polley' in $26,002,060 worth of goods from China ea-operation with Japan," Mr. Mal While $28,732,000 was imported in a remarked, adding that corresponding period last year. believed that British sentiment for Observers interpreted the decline in fan "understanding with Japan was exports and the increase in imports reflected in the present visit of Sir between the two nations as further Frederick Leith-Ross, discrediting the theory that the United States silver programme Sir Frederick Leith-Ross' Objective Would stimulate trade. However, the The British economic expert, Mr. Agures indicate also that Chinese pur= chasing power is low as the result of Matsuyama believes, has two" pur: poses in view.

Moods and bad crops, "One is to investigate whether or Further deterrents causing falling not China's finances can be put back [Chinese purchases from. the United on their fect so that past British in-States probably include the Muctuatvestments there may be adequately ing price of silver and the artificially protected," he said, "The other is high prices of United States cotton, probably to find out how ce-operation tobacco and wheat, it was pointed with Japan could be effectively out. led out."

During the first six months of last The conflict of Anglo-Japanese: com-year China purchased 776,211 quintals mercial interests precipitated raw cotton. Of this amount the: rise as an industrial power United "States supplied 372,880 not beyond solution, the commercial quintals, "During a. corresponding Period in 1935 China purchased 405,- counsellor opined.

"Britain has given up hope of monopolizing " worked markets,

Text read from the printed page and cleaned; old type leaves the occasional error.

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