Page ― was continuously followed till 1918 except during a brief period in 1911. Coin to the face value of $26,235,459 has thus been redeemed. The total issue by the Hong Kong Government was of the face value of $44,099,830.

STATEMENT OF SUBSIDIARY COINS. Received and redeemed (from 1911)

Blue Book 1911. Amount in circulation.

$43,999,830

Since received :- Copper coin.

1919... 25,000.00

1923... 25,000.00

1924... 50,000.00

1925... 25,000.00

125,000

Total Amount put into circulation... $44,124,830

Less since redeemed :-

1911... ...5,527,459.04

1912... ...1,040,000.00

1913... ...1,040,000.00

1914... ...5,000,000.00

1915... ...5,100,000.00

1916... ...5,028,000.00

1918... 500,000.00

1922... ...3,000,000.00

Total Amount of coin in circulation in 1925... $17,889,370.96

26,235,459.04

II. SHIPPING AND TRADE, INDUSTRIES, FISHERIES, AGRICULTURE, AND LAND.

(a.) SHIPPING.

The total Shipping entering and clearing at Ports in the Colony during the year 1925 amounted to 379,177 vessels of 41,469,584 tons, which compared with the figures of 1924 show a decrease of 384,315 vessels and a decrease of 15,261,493 tons.

Of the above 41,336 vessels of 32,179,053 tons were engaged in Foreign Trade as compared with 57,765 vessels of 38,770,499 tons, in 1924,

Table 1 shows a decrease in British Ocean-going Shipping of 1,381 ships or 26.1 per cent and a decrease of 1,977,932 tons or 16.1 per cent. This decrease in ships and tonnage is due to the recent strike and present boycott in South China.

Foreign Ocean-going vessels have decreased by 1,911 ships and by 2,243,124 tons or 22.3 per cent in numbers and 13.1 per cent in tonnage. This decrease in ships and tonnage is due to the recent strike and present boycott in South China.

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