Kanegafuchi Head on Big Inroads by India Tokyo, Feb.
Special reference to the' Increasing activity of British and Indian colton traders in the world market was, made by Mr. Tsuda, president of [the huge ¥.60,000,000 "(23,500,000) Kanegafuchi Spinning Company,
meeting. his report at the Company's annual Mr. Tsuda predicted a slight fall in Japan's textile exports this year, Aster the same per annum, unanimously adopted, Mr. Tsuda explained the position of the Company's mills in China. Material Gomage sustained in China, he reported, was less than ten pet cent.
the company's assets, The most remarkable change in the cotton goods trade since the outbreak of hostilities in China is the headway Indian traders have made in the world market, Mr. Tsuda said. Their shipments to some countries have increased 400 per cent. Indian yarn is being sold even in Belgium, Whereas Japan's exports of cotton piece-goods have been falling. off, British exports have riot declined and British textiles are now very actively sold in South America, Australia, "New "Zealand and. the Straits Sctilements. "In China, Bri attempt to oust Japanese mills Ju the interior, under the protection of the Chiang "Kaisshek regime, attempt 10 oust Japanese mills China, he declared. If the advances of Japanese mill-owners in China are checked as in the past, their footing there may be seriously affected, he warned.
Finally Mr. Tsuda recorded sith regret the high rales of curtailment Inow observed in various branches of Japanese industry (42 per cent: cotton spinning, 69 per cent, ravon, 37 per cent. silk, 60 per cent. wool and" 30 per cent.'ramie) largely to cope Import restrictions—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.