TRADE IN SINGAPORE
PERIOD OF DEPRESSION PREPARATIONS FOR DEFENCE Trade in Singapore is passing through a general depression, according to Mr. D. H. S. Wilson, who has been in business there for 15 years, and who is a through passenger by the Roggeveen, which arrived from the East yesterday. He said the mild boom experienced during 1937 had passed, and things were slack at present, with no indication when they might improve.
Quotas having been reduced on rubber and tin. a reaction occurred in trading conditions generally. The economic state of the world was largely to blame for Singapore's plight. "There is a great deal of military demonstration in Singapore, and there is no doubt they are making the place a great fort in a quiet sort of way, bjit the peopie there do not talk war," said Mr. Wilson. "There is not much alarm about the future, and we seem to be less concerned about the Japanese menace than the rest of the world."
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New Zealand Herald, Volume LXXVI, Issue 23320, 13 April 1939, Page 15
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165TRADE IN SINGAPORE New Zealand Herald, Volume LXXVI, Issue 23320, 13 April 1939, Page 15
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