7
Colony by itself. In 1905 the Hongkong Government ceased to issue any subsidiary coin and in 1906 it began a policy of demonet- ising all its subsidiary coin received as revenue. This policy was continuously followed till 1918 except during a brief period in 1911. Coin to the face value of $20,235,459 has thus been redeemed. The total issue by the Hongkong Government was of the face value of $44,099,830.
STATEMENT OF SUBSIDIARY COINS, Received and redeemed (from 1911)
$43,999,830
Of the above 57,765 Vessels of 38,770,499 tons were engaged in Foreign Trade as compared with 49,900 vessels of 35,011,533 tons, in 1923.
Table 1 shows a decrease in British Ocean-going Shipping of 92 ships or 17 per cent and an increase of 622,611 tous or 55 This decrease in ships is due to 8.s. “Ti Sang” per cent.
+1
Wing Sang" and "Kasara" being transferred to the Chinese flag. The increase in tonnage is due to larger vessels frequenting the Port.
Blue Book 1911. Amount in circulation.
Since received :-Copper coin.
1919...
25,000.00
1923...
25.000.00
1924...
50,000,00
100,000
Total Amount put into circulation ....... ...$44,099,830
.1,040,006,60
.....5,000,000.00
Less since redeemed :--
1911...
...5,527, 159.01
1912...
...1,040,000,00
1913...
1914...
1915...
.....5, 100,000 00
1916...
1918...
***
...
1922...
...5,028,000,00
500,000.00 .....3,000,000.00
Total Amount of coin in circulation in 1924...$17,864,370.96
26,235,459.04
II.-SHIPPING AND TRADE, INDUSTRIES, FISHERIES, AGRICULTURE, AND LAND.
(a.) SHIPPING.
The total Shipping entering and clearing at Ports in the Colony during the year 1924 amounted to 764,492 vessels of 56,731,077 Tons, which compared with the figures of 1923 show a decrease of 13,730 vessels and an increase of 3,328,838 Tous.
Foreign Ocean-going vessels have increased by 426 ships and by 1,358,161 tons or 59 per cent in numbers and 9:3 per cent in tonnage. This increase in ships and tonnage is due to more and larger American and German vessels frequenting the Port also to a number of Norwegian, Chilian and Panama vessels put on the ('oasting trade.
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British River Steamers have increased by 1,112 ships with an increase in tonnage of 826,311 tons or 185 per cent in numbers and 15 per cent in tonnage. This increase in ships and tonnage is due to the s.s. Fook On "Tung On" "Sai On" and "Hang Cheong" built locally being put on the Canton run, also the Chinese Wei Shun" and Ming Shun" being converted into River Steamers and re-named the "Paul Beau" and " Charles Hurdonin".
8.8.
Foreign River Steamers show an increase of 427 ships with an increase in tonnage of 182,617 tons or 22:5 per cent in numbers and 27-8 per cent in tonnage. This increase in ships and tonnage is due to the s.s. "Yang Tse Kiang" being converted into a River Steamer and re-named the Kung On" also the "We Ping" being
put on the West River run.
In Steamships not exceeding 60 tons employed in Foreign trade there is an increase of 3,020 ships with an increase in tonnage of 89,441 tons or 628 per cent in numbers and 62.8 per cent in tonnage. This increase in Launches and tonnage is due princi- pally to the increase in towing trade between this Port and the Taishun District.
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