Business transactions conducted by Dutch banks with Chinese merchants in the Dutch East Indies : Javanese sugar transactions andthe sugar crisis of 1917

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  • KUDO Yuko
    東京大学人文社会系研究科博士課程

Bibliographic Information

Other Title
  • 蘭領東インドにおけるオランダ系銀行の対華商取引 : ジャワ糖取引と1917年砂糖危機を中心に
  • ランリョウ ヒガシインド ニ オケル オランダケイ ギンコウ ノ タイ カショウ トリヒキ : ジャワ トウ トリヒキ ト 1917ネン サトウ キキ オ チュウシン ニ

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Abstract

This article aims to verify the relationship between Chinese merchants and Dutch banks from the viewpoint of financing by focusing on transactions for sugar, which was a principal export product of the Dutch East Indies. Specifically, the following points are clarified in terms of how the sugar crisis of 1917 changed the sugar sales system until the exporting peak in the 1920s. Before the crisis, the relationship between Dutch banks and Chinese merchants was an interdependent one in which the provision of purchase funds using sugar as collateral, helped to ensure sales destinations. When World War I began, speculation by Chinese merchants intensified in response to an inflow of large amounts of capital from the banks. However, after the sugar crisis in 1917, the Dutch banks formed a cartel to unif sugar sales, giving priority to Japanese and European corporations, while financing for Chinese merchants was reduced. Under this new sales system, the Chinese merchants were polarized into two groups: influential merchants with personal funds who had experience in overseas sales, and small- to medium-sized merchants. At this time to Dutch banks changed their relationships with Chinese merchants; they began to select clients and carried out indirect transactions through Chinese banks.

Journal

  • SOCIO-ECONOMIC HISTORY

    SOCIO-ECONOMIC HISTORY 79 (3), 395-417, 2013-11-25

    THE SOCIO-ECONOMIC HISTORY SOCIETY

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