SHANGHAI
721
A comparative table of the gross value of trade with foreign countries is given below:-
Great Britain
British Dependencies (excluding Hongkong)
Hongkong
America
...
Philippine Islands
France
...
Japan (including Formosa and Korea)
French Indo-China
Germany
Netherlands
Dutch Indies
...
...
...
...
Belgium
...
Italy
+
Sweden ...
...
***
...
...
Other countries
...
Total...
1921
Millions
1922
Millions
Hk. Tls.
Hk. Tls.
146.0
139.2
63.4
66.5
53.3
41.4
...
171,5
161.3
3.0
3.2
108.0
109.7
30.0
40.2
1.9
3.0
15.5
24.0
7.2
8.1
11.9
12.9
...
6.6
6.0
4.5
6.3
...
1.9
2.2
...
11.3
13.0
...
Hk. Tls. 636.0
637.0
The total values of Exports and Re-Exports of Native Produce to Foreign Countries, Hongkong and Chinese ports in 1922 were :-
Cotton Goods & Tls.
Yarn
Skins... Tls. 7,720,093 | Medicines... Tls. 3,488,401
...
...133,741,696 Ground-nut
T'bco., Cigs., &c. 75,020,369 | Hides...
...
...
64,884,433 Grasscloth 15,686,831 | Paper... 12,955,855 | Beans... 10,630,070 Fibres 10,604,168 Wool ...
...
...
Silk Tea Oil
...
Cotton, Raw
Flour...
Seeds & Seed Cake 10,512,912 | Metals Egg Albn. & Yolk 9,555,665 | Bristles
...
...
6,561,750
5,767,029
5,584,450
...
Rice
3,138,599 Books, Printed, 1,775,460
5,682,009 Straw Braid
Beancake
...
...
...
...
1,515,693 1,123,759
4,953,378 Pottery & E'ware 1,018,243
Nutgalls
...
...
...
...
4,461,315
...
...
4,175,273 Fans
...
...
3,839,586 3,825,594
Tallow.
Sundries
...
982,152
890,372
...
707,337
...
...
87,669,006
Total Hk. Tls. 478,471,498
The tonnage of vessels entered and cleared in 1922 amounted to 27,515,927, exceed- ing the record figure of 1921 by 3,433,653 tons. The following table shows the share taken by each flag in millions of tons for three years:
British ...
...
•••
...
...
Japanese
...
Chinese
American
French...
Other Flags
...
...
...
+1
...
1920
1921
1922
8.32
8.73
10.21
...
6,15
6.98
7.00
4.13
4:70
5.22
2.58
2.21
2.85
0.56
0.52
0.66
...
1.26
0.88
1.53
...
"Other flags" for 1922 include 0.21 million tons of German shipping, which is again becoming a factor in the Eastern freight market.
Considered purely from the standpoint of revenue, the year 1922 gave little cause for complaint. Exclusive of famine relief surtax, the revenue collected showed a net increase over 1921 of roughly Hk. Tls. 1,700,000, while the gross value of the trade of Shanghai amounted to Hk. Tls. 989,715,490, an advance of Hk. Tls. 62,237,830 on the 1921 record. This apparent discrepancy between local market reports obtained from the most reliable sources and Customs statistics can no doubt in the main be explained by taking into consideration certain factors which have characterised the market for some time. Withdrawals from bond of cargo purchased at a time when prices were considerably higher than at the beginning of 1922 appear in the Customs returns as ordinary imports, and, while the estimated quantity for the year is not