Page 168 - 2 Persian Trade rep Bahrain 2_Neat
P. 168
iXiring the last Uireu /cart; figures oi*
Jupaneso iuyorca have snown q very large increase,
ihoy are steadily ousting British Laportu in the
Cotton, roal and i»;.l tat ion ..ik, Tarn, Hosiery
ana iiaboraoshary goods, coys, electrical material,
rubber goods, l'uoou and glu;joware, The goods
imported from Japan wore of inferior quality but
coL^aanded the market owing tc their cheapucao in a
turns of economic stress. h regulation has had to
be passed to check the imports of cheap and inferior
electrical material*
Imports from unglond particularly in the
Textile, Cotton and oilk traoe have correspondingly
shoved a largo decrease. ,% possible improvement
in the ocouomic situation .vita an easier flow of
money may result in the oalancc being redressed
to some extant in favour of Jritlsh goods* but
the great difference in price butwoen British and
Japanese gcoua will undoubtedly favour tne latter
for JOiuctime to coma* nr5.tis»i firms would oe wise
to cstatlich friendly relations with local finae
one to conouct more propugunda* roosibly offers
of long term credit facilities would also assist*
financial,-
The prosperity of the people mainly depends
on the pearling trade, but since pearls are a
luxury and are onlj bought when other wonts have
been satisfied, the trade depression is more acutely
felt in Bahrain than cloevhoro and the market for
better classes of goods is at a atandutill. There,
la very little money in the market and there are
no signs of its having bocn eoployod abroad* Tho
diversion of capital from trade to other purposes
is not in evidence.
•J.