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With regard to export of merchandise during 1923, it will be noted that the total value amounted to £61,373,000. The mode of transport may be summarised as follows:-

EXPORTS.

Partly by Coaster-steamer, River Steamboat and Junk.

(Probably a small proportion by ocean-going steamer).

Merchandise to the value of

£24,991,000—40.72% went to South China.

£ 9,739,000=15.87% £9,093,000-14.81%

"

19

£ 4,306,000— 7.02%

,,

£ 3,593,000= 5.85%

99

North China.

French Indo-China, Siam, Netherlands East Indies, Phillipine Islands, and British North Borneo.

Middle China.

Japan, Korea and Formosa.

£51,722,000=84.27% of the Total Value of Export Trade.

Merchandise to the value of

By Ocean-going steamers.

£ 4,423,000= 7.21% went to Straits Settlements, Federated Malay States,

£ 3,351,000 5.46%

India, Burmah, Mauritius, and Ceylon.

via the Pacific.

£ 1,245,000 2.03%

via Suez.

"

£

405,000= 0.66%

to Australia.

£

227,000 0.37%

other Countries.

""

"

€ 9,651,000=15.73% of the Total Value of Export Trade.

That is to say: Of the value of merchandise exported during 1923, 844 per centum was borne principally by coaster-steamer, river steamboat and junk and 15 per centum, by ocean-going steamer.

Considering the Total Value of both Imports and Exports of merchandise, 742 per centum was borne by coaster-steamer, river steamboat, and junk and 25 per centum by ocean-going steamer; a ratio of 3 to 1 approximately.

As already stated, it is impossible to deal with every article imported and/or exported. Out of the 639 Items which appear in the Trade Returns for 1923, I have selected the eight commodities of highest value, estimated their tonnages,-which after all is of primary importance from the view of Port Developinents, and analysed their "flow".

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