1920-1930
45
435
at Kowloon and a Market of 68 stalls at Quarry Bay were completed, also the extensions to Conduit Road East and West, the first extension of the Kowloon City Road towards Customs Pass and a further extension of Robinson Road Northwards. The Mee Lun Lane resumption scheme was also finished.
Legislation.-16 Ords. (5 amendment) passed: Hongkong College of Medicine incorporated; I.K. & S. Bank authorized to increase its capital from ten to twenty million dollars and to continue incorporated for a further term of 21 years; Life Insurance Companies Ord. passed.
1908.
Principal Events. Mr. H. N. Mody offered to present Colony with buildings necessary for a University : Committee formed to promote the undertaking and collect endowment fund. Instructions received from H.M.' Government that all opium divans in Colony must be closed. Disastrous Typhoon on the night of 27th to 28th July. Riot in town of Victoria on 1st and 2nd November in connection with boycott of Japanese goods by the Cantonese.
Trade & Industries.-Money plentiful owing to lack of remunerative employment. No sign of revival in the real estate market. Import business on the whole showed some improvement on the preceding years in spite of the downward tendency of exchange and the growing tendency of trade to go direct to Canton. The sugar refining industry showed better results. The Cotton Mill had a poor year. The shipping industry shared in a world-wide depression in the carrying trade, and this was reflected locally in a marked falling off in the business of the Dock Company. All export business and especially silk suffered as a result of the great financial crisis in America. Loss by depreciation of sub-