Page 453 - 6 Persian Trade rep BUSHIRE 2_Neat

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Oocnings for British Trade.-Pcns.a should, ,n the nexi
Credits.-Th=purcl.asinff po^er Ihc grca^bulk^lhe
!i provided the country continues to enjoy the pres^
decree of infernal security and peace, provide a progressive market
population " °WpZdf„UJt* quality remains the deter-
II- for6woollens, knitted goods artificial silks, haberdashery, read Cliara„u factof aSgh in Some lines the people are just beg.nnmg
I 1 made clothing, boots and shoes, preserved foodstuffs, whisky and mining factor an g „ (QO to buy the cheap and
other alcoholm drinks, lemonade.powders and essences and simi|a
to realise ihf, fapid ,be instalment system
"soft” drinks, gramophones, rubber articles including tyr ‘ shoddy certain class of con-
er tJ^fmole^S'l-r^toAhe general financial
I j motor cars, particularly commercial vehicles, motor cycles, pedaj allows
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cycles motor accessories, lubricating oils, machinery (including
o'riVu.'cncy and the determination of the retailer to turn oaer his
agricultural and- irrigation machinery), electric plant and accesl
; Si atyall costs. It follows that the retailer demands longer
: ^ries wireless sets, small tools, galvanised iron and tin plates credit from the middleman, the middleman from the importer, and
copper and nickel in bars or sheets, tin, aluminium and enamelled
,ne importer from the foreign manufacturer who, in the last resort,
ware, crockery and glass, lamps, paper and stationery, soap, dyes
is asked to finance the market. The British exporter, when he
for the carpet industry, particularly synthetic indigo, sporting
does not insist on an irrevocable credit being opened in London by
guns and ammunition.
llie Persian buyer against total payment for the goods on shipment,
Asa result of the law, introduced early in 1929, which makes will ask for 20 to 25 per cent, cash with the order, balance against
the wearing of European dress compulsory for the male popula­ documents at the Persian Gulf Port or Baghdad. In exceptional
tion. there should be an opening for cheap ready-made suits. cases he may grant a 91 days’ credit which, in summer, allows
Cheap gramophones sell readily provided records in Persian can ample time for a consignment to reach its destination, but not in
be supplied. Now that the prohibition on the import of wireless winter. On the other hand a German firm will usually take ->0
sets has been removed an increasing demand for the cheaper class per cent, in advance, 20 per cent, when the goods reach a Persian
of sets may be anticipated. Gulf port and the balance on delivery at their destination. Italian
manufacturers of woollen goods take 1-5 per cent, advance, 20 per
It must be borne in mind, however, that the Persian market is
cent, .t the Gulf ports and the balance when the goods are sold.
essentially a poor one and on the whole unreoeptive to high
In artificial silks conditions are stiffer: 25 per cent, advance, 2-5
quality and high priced British goods. The heavy taxes imposed
i per cent, at the Gulf port and the balance at destination. But in
on practically all imports, and the immobilisation during the last cotton goods the Italian manufacturer, besides granting the _____
same
few years of a large capital sum in the Treasury for railway con­
credi 1 s as in the case of 'woollens, will send goods on consignment
struction, have considerably reduced the purchasing power of the in his Persian client without draft or bill. The mistake certain
inhabitants. A start has now been made on the construction of Continental firms doing business in Persia have made has been
the railway, but the larger proportion of the money collected for in accepting 5 to 10 per cent, advances from all and sundrv.
i
this purpose will be required for payments outside Persia. whi!»i British shippers who took 20 per cent, with the order and 25 Der
the small amount returned to circulation in payment of Persia rfffird mallowlL'p”tHe C°"Signment reached Bushire coJdd
abour will only find its way, at first, into those districts where ‘ d ° aI,ow the Pers,an purchaser time to dispose of the goods :
railway construction * is actually in progress.
1 „nf®re‘g" manufactures which find a market in Persia usually
HI. REVIEW OF
ditinnTi Bmi? g0ods to the extent of 10 to 40 per cent. G«- EVENTS DURING THE YEAR 1928-29
imDorfercemaTi, 116 grant elastic credit terms to trustworthy (MARCH 21st. 1928 TO MARCH 20th, 1929).
that an
■ ° aurnl>er °f these is small while distances are suc«
timnrlrilSrShefo'lfe, ?ear i928-29 is not available a,
manufacturer.;5 Sf> °f egectIve activity is very limited. Brin>-
during the above vrar whirh h 7 ,s a summary of events
of Persia to cnfTi n prone to give their agencr for the wh‘^ haVC affected °r are likely to affect the
it Thefe u Baghdadi firms who are in Enable of handle commercial situation.
importers, have branch In May, 1928,
- ' a^SedSi“ Whh “>«
they are eiven an e i"^ 3X6 unw,Bing to take up agencies unl<* and countries and
Petition of non-EuroC a£ency and are free from the C“' "ew customs tariff
but have not <r0f ,k firms who sell the same brands of gl* duties - an
aPt to cut pri<£* C SamC °verhead charges to meet and are «> dimi - ta*ta£h. —tod ‘""some