1887-1903

COLONIAL REPORTS - ANNUAL.

33

I arrived in Hong Kong on the 25th November and assumed the administration of the Government. I am informed on what I consider excellent authority that the commercial condition of the Colony was never more satisfactory. The value of property is steadily increasing, and of the companies quoted in the weekly share lists more than 80 per cent. of the shares are quoted above par. What the ultimate results of the political events in the Far East during the year 1898 may be as regards the trade of this Colony I know too little at present to forecast, but I see no ground for apprehension that Hong Kong will not continue to enjoy in the future the prosperity that the energy of her merchants has won for her in the present.

I have, &c.,

HENRY A. BLAKE,

213

Governor.

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