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Malayan imports Depend on Rubber and Tin Prices DROSPERITY in Malaya depends
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very largely on movements in the world price of rubber and tin, which are the principal export items of the country. The fall in the prices of these commodities, which commenced in 1937, has naturally affected the purchasing power of Malaya, and in common with all other imported goods commercial motor vehicles are feeling the effects of this decline.
During 1936 the number and value of commercial vehicles imported from all sources was 1,714, valued at Straits dollars 1,880,313. Whilst these totals increased in 1937 to 3,939 in number, valued at Straits dollars 4,106,657, they fell to 1,841 in number, valued at Straits dollars 2,098,646, during the first nine mouths of 1938. (One Straits dollar = 2s. 4d.) Canada is the principal supplier, followed by the United Kingdom and the U.S.A. 'The shares of these countries during 1937 and 1938 (January to September) were: The number of commercial motor vehicles in use in Malaya on December 31, 1939, was:
Commercial vehicles, iorries, and Naos for private use .„ 5,365 Commercial vehicle., lorries and vans for hire .„ 3,326 Government and mrinioi.pal lorries 1,219
There are 4,159 miles of metalled roads in the Federated and Unfederated Malay States and 698 miles in the Straits Settlements. These mileages are being extended annually.
The market in Malaya justifies close attention since it may be anticipated that any 'appreciable rise in the prices of rubber and tin will be followed by increased purchases of commercial motor vehicles.