CHINESE SHIPPING AND BANK CLERKS SELL TRADE NEWS
Certain Chinese shipping clerks have formed' a syndicate to sell Hong Kong businessmen their competitors’ trade secrets. The clerks, who are employed by various shipping companies, obtain from bills of lading and other documents details of goods shipped by their respective companies, collate and print the information, and distribute it weekly to “subscribers.” Through this service the subscribers can learn the nature and quantity of goods shipped by competitors. They can also find out the names and addresses of overseas importers, the type of goods which they are importing from Hong Kong and the prices at which the goods are being sold. / ' ' The syndicate provides this illicit service at 25 Hong King dollars a month. Certain bank clerks are also in the racket. These men handle the collection of bills for local exporters and pass on information as to prices. With this information, reports the China Mail, many local exporters have been able to enter new fields and to underquote their rivals. Bank clerks who are instrumenttal in recommending overseas exporters who place orders receive a commission of from one to two per cent, on the total amount of the order, as shown by the invoice handed to the bank.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/BPB19480927.2.33
Bibliographic details
Ngā taipitopito pukapuka
Bay of Plenty Beacon, Volume 12, Issue 100, 27 September 1948, Page 8
Word count
Tapeke kupu
208CHINESE SHIPPING AND BANK CLERKS SELL TRADE NEWS Bay of Plenty Beacon, Volume 12, Issue 100, 27 September 1948, Page 8
Using this item
Te whakamahi i tēnei tūemi
Beacon Printing and Publishing Company is the copyright owner for the Bay of Plenty Beacon. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Beacon Printing and Publishing Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in