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any interference with freedom of travel through
Hong Kong: An extreme example is the Japanese
occupation which brought travel to a standstill
and adversely affected the trade and ruined many
long-established hotel businesses in the Colony.
(g) With the re-occupation, trade was at its best
because of the revival of travel and the influx of
travellers, and many defunct hotel establishments
resumed business.
(h) The hotel trade continued to be good and brisk for
the year 1946 but descended to a more normal level
in the year 1947.
(1) In the current year however the many restrictions
in China hindering free travel and the free trans-
portation of goods has led to the gradual decline
of business in the last 10 months and a heavier
decline of business in expected by reason of the
travelling restrictions now applying in China,
whereby no Chinese may leave China without a
passport.
(j) Another risk attendant the hotel trade lies in that
where the trade is carried on in rented premises,
the hotel keeper has to make capital provision for
possible cessation of business by reason of the
landlord requiring and obtaining possession of the
premises. This risk is to-day minimised to a sub-
stantial extent by reason of the Landlord and Tenant
Ordinance but in spite of such legislation, instances
can be given, (thus, the St. Francis Hotel and the
Mei Chow Hotel) whereby the business had to be
discontinued because of dispossession by process of
law.
The consequence was that the very high capital
4.
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