HKG-CAR1844-1886

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34

Hong Kong Annual Administration Reports, 1841-1941

REPORTS EXHIBITING THE PRESENT STATE

VALUE OF FOREIGN TRADE with China in the Year 1864–continued.

Port Value in Taels. Value less Re-Exports. Sterling. CHERSON. Imports 3,024,974 Treasure Exports 486,778 2,758,547 Treasure Re-Exports 6,270,299 466,157 5,804,142 1,934,714 TIENTSIN, Imports 7,779,197 Treasure Exports 1,730,786 Treasure Re-Exports 9,509,983 133,775 9,376,208 3,125,403 NEWCHWANG, Imports 709,738 Treasure Exports 1,710,398 Treasure Re-Exports 2,420,136 31,228 Total 203,761,556 2,388,908 217,270,629 796,303 72,423,513 Imports Exports

SUMMARY.

Taels Sterling Imports 128,025,562 £42,675,187 Treasure 97,483,481 38,252,513 Exports 38,252,513 12,760,837 32,494,494 Total 263,761,556 £87,920,518 Imports and Exports Treasure Or, Taels 225,509,043 38,252,513 12,750,837 Total 263,761,555 £97,920,518

Thus the total value of foreign trade with China in the year 1864 is in taels 203,761,550, or in sterling, at the average rate of 6s. 8d. per tael, £87,020,518, including re-exports; those, however, must be deducted to arrive at the "net value.”

Total Value of Foreign Trade Taels 263,761,556 Deduct Re-Exports 46,490,927 Net Value of Foreign Trade Taels 217,270,629 Sterling £87,920,518 16,496,975 £72,423,543

Thus the net value of foreign trade with China in the year 1864 is in taels 217,270,029, and in sterling, at the average rate of 6s. 8d. per tael, £72,423,543.

The tariff duties paid at the foreign custom houses in 1864 amounted to the sum of taels 8,177,144, or in sterling £2,725,714, which, if added to the total value of foreign trade, shows the transactions of the year amounted to the sum of taels 271,938,700, or in sterling, £90,646,233. Probably it was more, for treasure being free, a correct account of its import and export was not kept at all the ports, and, therefore, in round numbers, £95,000,000 sterling may be taken as a fair estimate of the value of foreign trade in the year 1864.

VALUE OF FOREIGN Trade with China in the Year 1865.

Port Value in Taels. Value less Re-Exports. Sterling. CANTON. Imports 7,569,084 2,452,939 Treasure Exports 12,945,117 Treasure 2,142,028 Re-Exports 25,109,168 212,401 24,896,767 8,208,922

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