BUSINESSMEN WARNED
DIRECT TRADE WITH CHINA DISREGARD FOR CONTRACTS Auckland businessmen were warned yesterday against trading direct with China unless properly safeguarded, during a talk by Mr. E. S. Little, formerly Australian Trade Commissioner in the East and a resident of China for 44 years, at a luncheon of thf Auckland Chamber of Commerce yesterday. Following loss of prestige of the foreigner, said Mr. Little, the Chinese had come to disregard contracts with out the slightest concern. Although potentialities of trade are enormous and there is plenty of room for many products of the Dominion, trade full of pitfalls and provides no easy road to wealth. The recent revolution was aimed at the British Empire, according to the late Mr. Sun Yat Sen, Minister of Finance. Russian Communists, who were in complete control, hoped to spread revolution to India with Chinese soldiers. China’s foreign trade last year was £370,000,000, and was growing steadily in spite of internal wars. All purchasing is done in silver, which is weighed on the spot. “Bribery is rife in all official posts, said Mr. Little. “An examiner wit pass anything if he is given a fe* dollars.”
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Sun (Auckland), Volume III, Issue 845, 13 December 1929, Page 8
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192BUSINESSMEN WARNED Sun (Auckland), Volume III, Issue 845, 13 December 1929, Page 8
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