'The complete analysis of outpayments by China in 1935" (estimated), totaling' 1,429,00,000 yuan, was Merchandise imports as recorded bby the customs, 919,000,000;- Unrecorded ' imports (includes smuggled goods as well as unrecorded Imports by the government, 900,000, Foreign Joan _services—customs, 66,000, 1000: United States "wheat, 12,000,000; at 12.000000; rallvrays p00; ati, onoodecn:
leged Inward smuggling of gold Profs' of foreign firms in China remitted. abroad, 2000000 Chinese diplomatic, consul, travete Jer and student expenses, 10000 Yield on Chinese domestic. loan bonds remitted abroad, ',00.000 Probable new "credit established abroad by Chinese Ananel author ties'in foreign currencies or In form for bullan deposits for reervea: or for "exchange" stabilization purpoes, i000 Possible further fight of capital or new Chinese Investments abroad, Jessen on speciation abroad, 30600
Estimated Inpayments The complete statement of China's estimated inpayments follow Merchandise exports, $76,000,000
Undervatuation of exports, esti mated 15 per cent, 87,000,000:
Export duties collected, 21,000,000; Gold exports (net, "recorded" by customs, 39,000,000; smuggled, 20,000, (900; total 59,000,000; Sliver exports (net), recorded by customs, 0,000,000; smuggled, 150,- 00,000; Remittances from Chinese abroad; from Manchuria, "30,000,000; other, 250,000,000; total, '280,000,000; Tourist expenditures in China, 7,000,000; Mission and philanthropic remittances, 25,000,000; Foreign, diplomatic, consular, military, naval expenditures in China, 80,000,000; Rezeipts for Chinese holdings of foreign securities, 5,000,000; Foreign shipping expenditures in China, 20,000,000; Foreign' investment, credit exten sions, capital inflow for speculation, and" profit on. silver" sales, ele, 60,000,000, Total <inpayments, 1,429,000,000—United Press, Bombay ofiake 180 bars, Market quiet.
London silver was yy down ready and forward at 19%, for spot and 10%) forward, "Tt the market was qui After the official fixing, there was little Indian buying at the fixed rate: with not much offering. The market closed steady. New York aliver was unchanged at 44%, and Bombay silver one anna up st 48.08, The local exchange market opened with sellers at 1/2% sterling, 30% USS and 102% yen, for near delivery. Forward rates remained a shade easier, but there was no activity and the market on the whole was
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