GERMAN TRADE IN THE EAST

Dominion, Volume 8, Issue 2572, 21 September 1915, Page 6

GERMAN TRADE IN THE EAST

HONG KONG FIRMS FORCED. INTO I LIQUIDATION "SLIM" KULTUR EXPOSED By Telcerarli—Press Association—Oopyrislit Sydney, September 20. Mr. AVilliam Vinson Loo, managing director of On Yik and Lee, a wellknown Chinese firm, who recently returned from China, slates that German trade in the East is dead. All the German houses in Hong-Kong liave been forced into liquidation. Before tho war Germany was a. dangerous compotitor for Chinese trade. Gormany's success was largely due to the underhand methods employed. German firms often took up contracts at below cost prico when an order must be British; they also sold British goods cheaper than the British, attempting to convince tho Chinese that tho British wero 'making undue profits. They averred that many British lines were really, manufactured in Germany. Losses incurred by these methods wero recouped from a State-financed trust, whoso main object was to knock out British trade. The trust in turn recouped itself from China by diplomatic) blackmail. Tho sole aim of Germany in the East was to down Britain and Britons in the eyes of the Chinese, who wero not deceived..