The Archive · 1940

China Merchants Plan

Reorganization — Bid for Share of Shipping Trade Cut by War The China Merchants' Steam

Chinese reported ta its business again after suffer staggering setback as a result of the ness to enlarge the scope of operations.

In doing so, the company has to ce-operate with foreign interests in view of the changed situation, it is explained. The plan is being discussed by the parties concerned and in the near future it will be carried out. Foreign shipping interests are said to be perfectly willing to ce-operate with the Chinese firm because they know that overseas Chinese, the chief aim of the shipping expansion programme, will no doubt support the Chinese firm.

The Chinese firm is planning to open several routes to the South Sea Islands. The first step is to open a route between Hongkong and the Philippine Islands extending its business later to Singapore. It is recalled in this connection that just before the Sino-Japanese hostilities the company was actually carrying out such an expansion programme by providing several ocean-going ships but it could not become a realization because of the war here,

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

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