Emigration and Immigration.

135,565 emigrants left Hongkong for various places during the year 1911, (111,058 in 1910). Of these 92,691 were carried in British ships and 42,874 in foreign ships. These figures show a substantial increase of 24,507 (or 22 %) over 1910, and can be accounted for in the same way as last year, namely, by the demand for labour in the rubber plantations of the Malay States.

Statement of Number of Emigrants to Straits Settlements 1907 to 1911 compared with Total Chinese Emigration 1907 to 1911.

No. of Emigrants to Straits Settlements. Total No. of Emigrants, 1907, 83,048 105,967 1908, 49,639 71,081 1909, 48,016 77,430 1910, 76,705 111,058 1911, 100,906 135,565

149,894 returning emigrants are reported to have been brought to Hongkong from the several places to which they had emigrated, either from this Colony or from coast ports, as against 149,564 in 1910. Of these 112,328 arrived in British ships, and 37,566 in foreign ships.

(b.) INDUSTRIES.

(i.)-Under European Management.

Engineering and Shipbuilding. This industry has improved during the year under review.

Company 1911 1910 Taikoo Dockyard and Eng. Co., Ld., 9 vessels of 2,281 gross tons and 3,650 I.H.P. 8 vessels of 2,231 gross tons and 1,718 I.H.P. Hongkong & Whampoa Dock Co., Ld., 13 " 552 14 " 715 W. S. Bailey & Co., 8 " 206 4 " 121 Macdonald & Co. 50 " 408 169 " 317 Ulderup & Schluter, 30 " 1 " 703 413 "" 2,070 3+ " 173 200 160 Tung Hing Lung, 11 " + 55 33 " 150 Kwong Tak Hing, 1 " 210 13 " 1 W. C. Jack & Co., 11 " 3 " 45 76 31 Kwong Hip Lung Co., Ld., 860 250- 192 48 15 " 01 1 " 31 320 29 "J Total. 73 vessels of 3,883 gross tons and 6,609 I.H.P. 31 vessels of 3,553 gross tons and 4,208 I.H.P.

Sugar Refinery-Various circumstances combined to cause the year 1911 to be an unfavourable one for this industry. In the early part of the year the world's prices assumed a strong downward

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