SOME HONG KONG INDUSTRIES
Cotton Spinning: This is still the largest and most modern development in Hong Kong's industry in recent years. There was a further increase to 187,500 in the number of spindles in operation in 1950 as against 131,940 in 1949. Further expansion is probable. Total production in 1950 was 133,668 bales of 400 lbs. as against 59,365 bales in 1949. In October the United States Government banned the export of raw cotton to the Far East while the Indian Government at the same time restricted exports of certain counts of cotton yarn.
Fortunately, the local mills had sufficient stocks to tide them over until further supplies of raw cotton were available from Pakistan, but, a serious position was created.
Weaving and Knitting: A number of small factories closed during the year owing to the high prices of cotton yarn. There were large orders from the United Kingdom for linings for raincoats. Enamelware: Another factory opened, making a total of 11 in full operation. The market for these goods remained stable and
the factories concerned have flourished.
Aluminium Ware: There are now 8 factories in the Colony manufacturing aluminium torches, pots and pans and other popular items such as water bottles. A few of the enamelware concerns have extended their products to include aluminium ware.
Rubber Shoes: 1950 was the worst year on record for these factories owing to diminishing markets and the high price of raw rubber.
Ginger: 1950 was a poor year when compared with 1949 due mainly to the flooding of the United Kingdom market in 1949 and resultant decrease in that country's imports during 1950. Trade with the United States and Canada showed a 15% to 20% improve- ment, while trade with the Netherlands was resumed with exports of about 600 tons. There was no improvement in the prospect of regaining the Australian market.
Torches: Markets were extended considerably and 1950 was a prosperous year for this trade. Quality improved and several new types were introduced, including aluminium torches. Business was somewhat handicapped by the difficulty of obtaining brass sheets.
Plastics: Although raw materials for this section of the industry were not plentiful, markets were extended and the quality and output improved. This industry has completely captured the local market, mainly on account of low prices.
Heavier industries: A significant development during 1950 has been the growth of one or two heavier industries, and productions at the Industrial Exhibition included a printing press, a motor bicycle and a motorized rickshaw, all produced and manufactured in the Colony.
The first diesel-engine lorry to be produced in Hong Kong was completed during the year and ran in the A. A. Rally held during the summer. The same company also produces diesel-engines for small marine craft and generating plant.
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