3. Calculating in terms of Hong Kong currency, Imports declined by 15.4%, and Exports by 12.9% but sterling values showed increases of 6.5% and 7.3% respectively, on account of the appreciation in the value of exchange on other than gold standard countries.

4. In regard to the quantum of trade, it is estimated that there was a decline of from 7 to 10%.

5. Great Britain still further increased its share of the Import trade, accounting for 9.4% in 1930, 10.6% in 1931 and 12.3% in 1932, while the Japanese share fell successively from 12.3%, 9.3% to 3.4%. China, French Indo-China, Siam, India and Australia also increased their proportions.

6. Both imports and exports of Piece Goods and Textiles declined in 1932 as compared with 1931, total imports being valued at $107.3 millions as compared with $131.7 millions, and exports at $66.9 millions as compared with $75.8 millions.

7. The United Kingdom's share of the import trade in piece goods and textiles increased from 32.6% to 38.6%, while the Japanese share receded from 19.1% to 7.0%.

8. Imports of Building Materials fell from $15.3 millions to $12.9 millions; Chemicals and Drugs from $8.3 to $6.6; Chinese Medicines from $28.9 to $19.2; Dyeing and Tanning Materials from $8.9 to $6.0; Foodstuffs from $241.4 to $211.8; Hardware from $5.5 to $5.2; Liquors from $4.6 to $3.7; Machinery and Engines from $9.2 to $6.1; Manures from $13.4 to $11.0; Metals from $44.6 to $38.5; Nuts and Seeds from $8.9 to $7.0; Oils and Fats from $54.3 to $52.2; Paints from $2.7 to $2.5; Paper and Paperware from $16.2 to $15.7; Tobacco from $12.9 to $9.5; Wearing Apparel from $6.3 to $4.4; Sundries from $90.3 to $71.5. Fuels, Railway Materials and Vehicles showed very slight increases.

9. Values of Exports showed a decline in each group. Building Materials fell from $9.6 millions in 1931 to $8.7 millions in 1932; Chemicals and Drugs from $4.6 to $4.1; Chinese Medicines from $16.5 to $13.6; Dyeing and Tanning Materials from $6.5 to $5.0; Foodstuffs from $201.2 to $185.2; Fuels from $3.0 to $2.5; Hardware from $3.0 to $2.8; Liquors from $1.5 to $1.0; Machinery and Engines from $2.2 to $1.6; Manures from $16.3 to $11.0; Metals from $34.6 to $30.2; Minerals and Ores from $2.0 to $0.9; Nuts and Seeds from $6.2 to $5.6; Oils and Fats from $43.4 to $37.1; Paints from $2.6 to $2.1; Paper and Paperware from $11.4 to $10.3; Piece Goods and Textiles from $75.8 to $66.9; Railway Materials from $0.44 to $0.43; Tobacco from $10.1 to $7.9; Vehicles from $2.2 to $1.5; Wearing Apparel from $13.7 to $12.8; and Sundries from $74.8 to $60.2.

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