CHINA
COMMERCIAL LIABILITIES AND ASSETS OF CHINA IN INTERNATIONAL TRADE
Prepared by H. B. Morse, Statistical Secretary, November, 1904
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Liabilities
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Hk. Tls.
...310,453,428 37,001,165 44,210,400 1,320,000
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Value of merchandise imported into the treaty ports of China 1903,
at moment of landing Value of bullion and coin imported into the treaty ports, 1903 Principal and interest of Loans and Indemnities Expenditure on Chinese Embassies and Consulates abroad Expended by Chinese students and travellers abroad... Net profits of Foreigners remitted to home countries... Net freights and net premia of insurance (fire and marine) collected
by Foreign companies Munitions of war, not included in value of merchandise imported... 5,000,000
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3,000,000
16,000,000
6,750,000
Total...
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Hk. Tls. 423,734,993-
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Assets
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Hk. Tls.
...236,205,162 33,046,532
Value of merchandise exported from the treaty ports of China,
1903, at moment of shipment Value of bullion and coin exported from the treaty ports, 1903 Excess of exports over imports of unrecorded trade over land
frontiers of China
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4,000,000 27,000,000
Expenditure on development of railways, mines, etc. Expenditure.on Foreign Embassies and Consulates, etc., in China... 5,000,000 Maintenance of Foreign garrisons. Expended on maintenance of Foreign war vessels, including money
spent by crews
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Expended on maintenance of Foreign merchant vessels, including
money spent by crews
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Repairs to Foreign vessels at Shanghai and elsewhere Expenditure on Foreign missions, hospitals and schools Expended by Foreign travellers in China
7,500,000
15,000,000
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2,000,000 ... 10,000,000
6,000,000
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6,000,000
Remittances from and money brought in by Chinese emigrants 73,000,000
Total...
COMMUNICATIONS
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...Hk. Tls. 424,751,694
533
Railways
Little can be said of railway expansion during the past twelve months, and in the North alone can any progress be reported. The final section of the Kirin - Hailung Railway was completed, penetrating a rich country the development of which will now be hastened. Six locomotives and 110 freight cars were imported and are now in operation. This railway connects with the Kirin-Tunhua line, which was completed in 1928, of which a branch line from Wenho to Naitzeshan was finished in April. This Tunhua line is already conveying fair quantities of timber southward from the adjacent forest regions in competition with the Yalu River route, and the cultivation of cereals is progressing rapidly in this area. A survey for a railway from Kirin to Mengkiang, in the southern part of the forest region, has also been made. The opening up of this country will have important economic consequences in future, but during 1929 the uncertain conditions prevailing prevented the full influence of this new traffic route being felt. On the western frontier of Manchuria another line is in course of construction-- the Taonan-Solun Railway, of which the earthwork has been completed for 50 miles of the total length of 136 miles. This railway will tap a fertile agricultural and cattle breeding belt in Eastern Mongolia. Timber for its construction is to be obtained from the Tunhua forests. In the early part of the year the Government put forward an ambitious railway programme, estimated to cost, in its initial stages, in the neighbourhood of 800 million dollars, which will provide a network of railways practically throughout the country within a period of six years. So far the scheme is still in the embryonic stage, and the prospects of its maturing in the near future can