financial return.
Using costs and prices as at November, 1978, the following results are obtained:
Income
Shrimps
$HK41,700
Crabs
4,500
Freshwater fish
25,250
Marine fish
24,750
Total income
96,200
(NB. Because of concern over popullation by heavy metals, oys- ters from the region of Hau Hoi Wan were almost unsaleable at this time).
Expenses
Rent (per annum)
Fish harvests
$HK11,000
Fisherman
Ice
Transportation
1,800
Other, including fuel
Total expenses
13,790
Gross profit
$82,410
At this time the exchange rate was HK$4.80 = US$1, and the Hang Seng Consumer Price Index for December 1978 was 126 for all items, and 122 for foodstuffs; the baseline of 100 referred to July 1973 to June 1974 (Anon, 1979).
Thus, operation of a single kei wai yielded a gross income of about $6,800 per month which appeared to be a satisfactory in- come. However, our year of study was likely to show an unusually high income because it was the last year of the current 7-yearlease whereas returns related to the current period. We were informed that the rental would be raised to about $31,000, which would make operation of the kei wai a much less rewarding occupation.
187
financial return.
Using costs and prices as at November, 1978, the following results are obtained:
Income
Shrimps
$HK41,700
Crabs
4,500
Freshwater fish
25,250
Marine fish
24,750
Total income
96,200
(NB. Because of concern over popullation by heavy metals, oys- ters from the region of Hau Hoi Wan were almost unsaleable at this time).
Expenses
Rent (per annum)
Fish harvests
$HK11,000
Fisherman
600
Ice
90
Transportation
1,800
Other, including fuel
300
Total expenses
13,790
Gross profit
$82,410
At this time the exchange rate was HK$4.80 = US$1, and the Hang Seng Consumer Price Index for December 1978 was 126 for all items, and 122 for foodstuffs; the baseline of 100 referred to July 1973 to June 1974 (Anon, 1979).
Thus, operation of a single kei wai yielded a gross income of about $6,800 per month which appeared to be a satisfactory in- come. However, our year of study was likely to show an unusually high income because it was the last year of the current 7-yearlease whereas returns related to the current period. We were informed that the rental would be raised to about $31,000, which would make operation of the kei wai a much less rewarding occupation.
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