Taikoo Dockyard and
Eng. Co., Ltd.
Hong Kong and Wham-poa Dock Co., Ltd. W. S. Bailey & Co.
Macdonald & Co.
Tung Hing Lung
1904-1919
HONG KONG, 1915.
1014.
34311 9 vessels of 7,166 gross tons and 4,970 I.H.P.70** 12** 3,1721,264 4,810* 1,031事情 42** 110140**** Kwong Sing Loong130150**** Kwong Hop Loong116210**" Kwong Tuck Cheong.17001,450** #7響 Ah King ..132834.. Kwong Hip Lung Co., Ltd.3 Kwong Lee..557** 李華135*# Total1,200280 59 vessels of 13,420 gross tons and 14,345The large decrease in the gross tonnage is due to the war, but it will be noticed that there is a small increase in the average tonnage of the vessels constructed from 224 to 233 tons each.
Sugar Refineries.-The year 1915 was one of very high prices throughout, governed by the inflated level of raws. Consumption of refineds in consequence was naturally restricted, particularly in the China markets, where substantial reductions were found necessary towards the end of the year. Japanese and Java competition was experienced, but not quite so acutely as formerly, total imports from Java showing a marked falling off.
It may be noted that, during the latter half of the year, the local refineries took a larger share than usual in supplying British India and Persian Gulf markets with the highest quality of refined crystals.
Cotton Spinning-For the reasons stated in last year's report, the machinery of the local mill has now all been transferred to Shanghai, where the business is making satisfactory progress under the better cotton spinning conditions that apply there.
As regards cotton yarn, though marked by violent fluctuations in prices, the year was a fairly profitable one, both to foreign importers and to native dealers. At the close of last year the market was bad with the majority of the native dealers. As the Chinese New Year approached, however, matters improved owing to arrangements with importers which contributed in no small degree to the more sound trade conditions which obtained during the rest of the year.
Below is appended a table of arrivals, sales, and deliveries which shows that, while the sales for the current year are about the same as those of 1914, the deliveries show an encouraging improvement :-
19141915 Arrivals159,000 Sales105,000 Deliveries177,000 Comparative prices 10s.$90-$105 20s.$115-$130>>Page 350
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