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.

$43,099,830

Since received:-Copper coin.

1919... 25,000.00

1923... 25,000.00

1924.. 50,000.00

1925... 25,000.00

1926.. 25,000.00

150,000

Total Amount put into circulation... $44,149,830

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... ... 1922... 500,000.00 ...3,000,000.00

Total Amount of coin in circulation in 1926...$17,914,370.96

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 1926 amounted to 310,361 vessels of 36,821,364 tons, which compared with the figures of 1925 show a decrease of 68,806 vessels and a decrease of 4,648,220 tons.

Of the above 30,231 vessels of 28,371,104 tons were engaged in Foreign Trade as compared with 41,336 vessels of 32,179,053 tons, in 1925.

There was a decrease in British ocean-going shipping of 515 ships of 609,403 tons. This decrease in ships and tonnage is due to the boycott in China generally.

Foreign ocean-going vessels shows a decrease of 1,295 ships and a decrease of 1,729,675 tons. This decrease in ships and tonnage is due to the boycott in China generally.

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