GOVERNMENT ISSUES MORE TRADE REGULATIONS; TA-LIEN AND HONG KONG CONDUCT BARTER TRADE

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP80-00809A000600290948-8
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 3
• Document Creation Date: December 22, 2016
• Document Release Date: September 29, 2011
• Sequence Number: 948
• Publication Date: April 3, 1950
• Content Type: REPORT

Sanitized Copy Approved for Release 2011/09/29: CIA-RDP80-00809A000600290948-8
CLASSIFICATION CoNFIDEFTIALCONFIDF T1Ar
CENTRA,.INTELLIGENCE AGENCY REPORT
INFORMATION FROM
FOREIGN DOCUMENTS OR RADIO BROADCASTS CD NO.
NTR,
DATE OF
SUBJECT
HOW
Economic - Commerce
INFORMATION
PUBLISHED
Daily newspapers
DATE DIST. 3 Apr 1950
WHERE
PUBLISHED
Hong Kong; New York
DATE
NO. OF PAGES
3
PUBLISHED
11 Feb - 8 Mar 1950
SUPPLEMENT TO
REPORT NO.
COU
'
THIS IS UNEVALUATED INFORMATION
SOURCE Newspapers as indicated.
AY
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THIS OOCVNCMT CONTAIN/ INIO.YATIOY AII:CTIMS TON MORAL O{I.S.
Or TO VXIT/0 .TAT.. YITXIX THE MAANIYV CT tAIIONASI ACT 10
A. S. C.. l l AND ll. At AYfXO{0. lit T.....I..IOX ON TM. {...CATION
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GOVERNMENT ISSUES MORE TRADE REGULATIONS;
TA-LIEN AND HONG HONG CONDUCT BARTER
SOUTH CHINA REGULATES MOVTMENT OF GOODS -- Hua-ch'iao Jib-pao, 8 Mar 50
Kuang-thou, 22 February -- The following regulations concerning movement
of goods in the neighborhood of Chin-lung (Kowloon) and Macao were promulgated
21 February by the South China Finance and Economics Commission:
1. These regulations have been formulated for the guidance of customs
authorities of the South China District to prevent the flight of goods abroad
without undergoing the usual foreign exchange procedure.
2. The goods covered by these regulations are tong oil, tea oil, other
vegetable oils, tin, tea leaves, cotton, paper, rice, cereals, materia medics,
cals, domestic fowls, eggs and egg products, feathers, bamboo, charcoal,
lirefansli
ers.
3. All goods included in the above list being shipped to Shih-lung (Ueda:
7954, 14876) on the Kuang-thou--Chiu-lung Railroad and all points south of Shih-
lung as far as Hong Kong and Macao are covered by these regulations.
4. Any person who intends to move the above-listed types of goods to the
destinations indicated above must post a shop guarantee that he will secure a
certificate of internal sale from the local office of the Military Control Com-
mission at his destination (or, if there is no such office at that place, a local
authority of bureau or higher rank).and will return this certificate of internal
sale within the stipulated period to the customs office at the point of origin in
order to secure the release of his guarantee. The length of the period shall be
determined on the. basis; of the distance to be covered and the nature of the goods.
If the shipper is unable to complete the transaction within the time stipulated,
he or his guarantor will carry out the formalities for foreign exchange at a des-
ignated bank. Any apparent attempt to evade the regulations will be dealt with
by law.
- 1 - C~ITITr 1TIAI
STATE
ARMY
NAVY
AIR
NSRB
FBI
DIST_RIIUTION
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5. Merchants may be allowed to carry with them goods to the value of
2,500,000 Yuan people's currency without observing these formalities.
6. The categories of goods and the places included in the regulations
may be changed at the discretion of the commission.
CCP REGULATES EXPORT COMMODITIES -- Hua-ch'iao Jih-pao, 4 Mar 50
Pei-ping, 22 February (Hain-hua) -- The Ministry of Trade of the Central
government has promulgated temporary regulations governing controlled purchase
and marketing of certain export commodities. These regulations, approved by
the Finance and Economic Commission of the Administration Council, resulted
from the deliberations of the various export monopolies of the entire country
at a conference convoked during the latter part of 1949.
The text of the regulations is outlined as follows:
1. Exports of oils and materials from which oil is extracted (listed in
the tariff code as No 89-116, oils, tallow and :ax, and seeds) will not be sub-
ject to control, but will be within the jurisdiction of private merchants to
purchase, transport, and export. The Northeast, however, will not be subject
to the force of this provision.
2. Exports of hog bristles will be subject to control throughout the country,
but, except for the Northeast, bristles may be purchased and processed by private
merchants without restraint.
3. Exports of soybeans will be subject to control throughout the country.
(The term soybean will be taken to mean the yellow variety, tariff code No 40,
and will not apply to the green, black, and white varieties.)
4. Exports of tungsten, antimony, tin ores, tin ingots, and blocks (by
tariff code numbers, a portion of 124, all of 125) and part B of 223) will be
controlled throughout the country.
HONG KONG SULFUR AND RUBBER FOR TA-LIEN SOYBEANS -- Wen-hui Pao, 14 Feb 50
On 11 February 1950, a large freighter leased by a large Bong Kong trading
firm returned from Ta-lien in Northeast China with a load of 2,000 tons of soy-
beans and 2,000 tons of beancake. On the trip north, the ship had carried sul-
fur powder and rubber contracted for by the Northeast Trade Bureau. At present,
trade between Ta-lien and Hong Kong is conducted on a barter basis.
SHANG-HAI GOODS GLUT HONG KONG MARKET -- Kung-shang Jih-pao, 11 Feb 50
Continuous shipments of cotton goods produced in Shang-hai have resulted
in a glut on the Hong Kong market and prices have fallen approximately 5 percent.
Much of the Shang-hai goods were transported to Hong Kong via Tien-thing and
Kuang-chou, which had received the goods on a transshipment basis. An addition-
al factor depressing the market has been the slack in purchasing on the part of
buyers from Singapore, Thailand, and Viet Nam.
JAPANESE FIRM SEEKS T'IEN-CHING 4RADE -- Kung-shang Jih-pao, 21 Feb 50
Tokyo, 20 February -- The Jiji Shimpo reports that a Japanese business firm
is now negotiating with a Tien-ching trading company for a trade agreement, by
which the Japanese firm would supply 2 million US dollars' worth of locomotives
and textile machinery parts in return for soybeans and tung oil.
J
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COMPBEHIAt
KUABG-CHOU BUSINESSMEN BIT BY NEW TAX -- Kung-shang Jih-pao, 11 Feb 50
Kuang-chow businessmen have been dealt another blow by an additional levy
on commodities. This represents the latest of a series of taxes and levies
announcdd by the Kuang-thou authorities. The new duty has a graduated rate of
5-25 percent, applied ad valorem on all imports and inventories. The,Kuang-thou
Tax Bureau has already investigated and registered the inventories of business
establishments in preparation for the new measure.
As of 10 February 1950, imports from Macao and Hong Kong for which customs duties
have not
t b
ye
een paid are required to pay the additional duty at the Shen-chen
and Kupg-pei customs stations before being allowed to enter.
Many Kuang-chou businessmen, already weakened by the previous taxes, feel
that the additional expense will force them out of business altogether.
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