In addition to the raw sugar markets being under the influence of over production practically throughout the year resulting in a steadily declining market, the Hong Kong refineries have again been seriously handicapped by the disturbed political conditions throughout China, the serious strike which started last June and the boycott of British manufactures which necessitated shutting down both refineries entirely for a time,

Competition from Japanese refined sugar also been very keen, but it is reported that the refineries in that Country have agreed amongst themselves to restrict their output, which would indicate that their losses must have been considerable.

Rope Making. The demand for Manila cordage was fairly good during the first six months of 1925 but it fell off in the second half of the year owing to political troubles in Canton.

(c)--FISHERIES,

A considerable proportion of the boat population of Hong Kong supports itself by deep-sea fishing, in which pursuit a large number of junks are engaged. The villages of Aberdeen, Stanley, Shaukiwan, and also many in the New Territories, are largely dependent upon this industry for their prosperity. Fresh water fish is imported from Canton and the West River. There are oyster beds of considerable value in Deep Bay.

(d.)-FORESTRY, AGRICULTURE, AND BOTANY.

Formation of Pine tree plantations.

Seeds of Pinus Massoniana were sown in situ on the following places: Taipo Forestry Reserve 146,500; Red Hill, Tytam, 20,000; and on hills above Shek O Road, 50,000; the total weight of seeds used was 155 lbs.

For the formation of new plantations on grassy slopes and to support earth banks below and above the more recently made roads, seeds of Pinus Massoniana were sown broadcast at the following places:-Below and above road from Cheung Sha Wan to Castle Peak, above and below Taipo Road, below Matilda Hospital, between Victoria Gap and Pokfulam, Wanchai Gap, Conduit Road, and Cheung Chau.

Broad-leaved trees planted.

One year old Camphor trees to the number of 4,708 were planted on vacant flat spaces at Tai Wo Po, New Territories.

In the Peak District flowering trees and shrubs to the number of 302 were planted.

The following flowering and shade trees were planted alongside the principal roads in Hong Kong and the New Territories: Bauhinia variegata, variety alba, Aleurites montana, and Cinnamomum Camphora; the total number used was 2,594.

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