over the previous year, whilst exports to China more than doubled. The change of government in China has resulted in a change in the nature of the Colony's exports to that country, raw materials and industrial merchandise having taken the place of consumer goods and general cargo. It is to be hoped that the return of more settled conditions to China will cause a gradual swing back towards the Colony's traditional trade pattern.
Throughout the year there has been a steady flow of capital from China into the Colony, attracted by the advantages of a stable currency and security, and much of this capital has been invested in a wide range of projects, particularly in industrial building construction and new equipment for factories.
At the end of this chapter are a number of graphs, which illustrate in some detail the movements of the Colony's trade, not only in the year under review, but also during the period 1933-1948 (excluding 1941-45, the years of the Japanese occupation).
34
SUMMARY OF IMPORTS & EXPORTS
BY MAIN SOURCES & DESTINATIONS
With Indices On Base 1947
100 (Shown In Brackets)
SOURCES