(b.)-ASSETS AND LIABILITIES.
At the end of the year 1908, the assets of the Colony amounted to $506,437. The total liabilities were $789,532 so that the balance of liabilities over assets amounted to $283,095. Deducting this sum from the re-imbursement due by Railway Construction Account the balance of Assets (General Account) was $1,073,041, a decrease of $460,676 as compared with the previous year, due to the deficit in the year's working.
(c.)-PUBLIC DEBT.
A Loan consisting of Inscribed Stock at 3½% interest, £341,799 was incurred in 1893 for Praya Reclamation; Central Market; Water, Drainage and Sewerage Works, &c., to be paid off on 15th April, 1943.
A second Loan consisting of inscribed stock £1,143,933 at 3 per cent. was raised to cover a Loan to the Viceroy of Wuchang of £1,100,000. The Viceroy in accordance with the terms of the Loan had up to the end of 1908 repaid £330,000 which was placed to the credit of a special account for construction of the British Section of the Kowloon-Canton Railway.
The amount paid into the Joint Sinking Fund with accrued interest reached £74,674. 14s. 8d. on the 31st of December, 1908.
II. TRADE AND SHIPPING, INDUSTRIES, FISHERIES, AGRICULTURE AND LAND,
(a.)-TRADE AND SHIPPING.
The total of the Shipping entering and clearing in the Colony during the year 1908 amounted to 532,112 ships of 34,615,241 tons, which, compared with the figures for 1907 show an increase of 24,478 ships and a decrease of 1,413,069 tons.
Of this total 45,437 ships of 22,306,037 tons were engaged in Foreign Trade, and were distributed as follows:
1908 1907 British Ocean vessels represented 8.3% in numbers and 33.7% in tonnage 31.4 Foreign 9.2 33.2 33.5 11 11 19 British River Steamers 13.8 19.2 20.1 19 Foreign 2.9 3.3 3.2 17 Steamships not exceeding 60 tons 8.9 0.8 Trading Junks 56.9 9.8 17 1 0.3 115 100.0% 100.0% 100.0%Thus: 40,951 vessels of 1,848,522 tons were engaged in Local Trade and were distributed as follows:
1908 1907 Steamships not exceeding 60 tons, 91.58% in numbers and 84.98% in tonnage 86.31% Junks, 8.42 11 15.02 13.69 100.00% 100.00% 100.00%Seven thousand seven hundred and fifty (7,750) steamers, eleven (11) sailing ships and two thousand and thirty (2,030) steamships not exceeding 60 tons, in Foreign Trade, entered during the year, giving a daily average entry of 268, as compared with 248 in 1907.
The average tonnage of Ocean vessels visiting the Port has again increased, from 2,325.3 tons to 2,448.6 tons. That of British vessels has increased from 2,552.2 tons to 2,593.06 tons, while that of Foreigners has increased from 2,136.8 tons to 2,309.9 tons.
In this connection, it is interesting to note that, during the past 20 years the average tonnage of Ocean vessels visiting the Colony has risen from 1,186.9 tons to 2,448.6 tons.
The average tonnage of River steamers entered during 1908 was 665.5 tons, as against 661 tons in 1907. British River steamers have increased in average tonnage from 678 tons to 686.5 tons, while Foreigners have again decreased, from 567 tons to 565.2 tons.
(b.)-ASSETS AND LIABILITIES.
At the end of the year 1908, the assets of the Colony amounted to $506,437. The total liabilities were $789,532 so that the balance of liabilities over assets amounted to $283,095. Deducting this sum from the re-imbursement due by Railway Construction Account the balance of Assets (General Account) was $1,073,041, a decrease of $460,676 as compared with the previous year, due to the deficit in the year's working.
(c.)-PUBLIC Debt.
A Loan consisting of Inscribed Stock at 31% interest, £341,799 was incurred in 1893- for Praya Reclamation; Central Market; Water, Drainage and Sewerage Works, &c., to be paid off on 15th April, 1943.
A second Loan consisting of inscribed stock £1,143,933 at 3 per cent. was raised to cover a Loan to the Viceroy of Wuchang of £1,100,000. The Viceroy in accordance with the terms of the Loan had up to the end of 1908 repaid £330,000 which was placed to the credit of a special account for construction of the British Section of the Kowloon-Canton Railway.
The amount paid into the Joint Sinking Fund with accrued interest reached £74,674. 14s. 8d. on the 31st of December, 1908.
II. TRADE AND SHIPPING, INDUSTRIES, FISHERIES, AGRICULTURE AND LAND,
(a.)-TRADE AND SHIPPING.
The total of the Shpping entering and clearing in the Colony during the year 1908 amounted to 532,112 ships of 34,615,241 tons, which, compared with the figures for 1907 show an increase of 24,478 ships and a decrease of 1,413,069 tons.
Of this total 45,437 ships of 22,306,037 tons were engaged in Foreign Trade, and were distributed as follows
1908.
1907.
British Ocean vessels represented
8.3% in numbers and 33.7% in tonnage.
31.4
Foreign
9.2
33.2
33.5
11
11
"}
19
}}
77
British River Steamers
13.8
19.2
20.1
19
"1
17
Foreign
2.9
3:3
3.2
:
17
""
29
17
Steamships not exceeding 60 tons Trading Junks
8.9
0.8
?>
""
";
""
56.9
9.8
17
1)
1
>>
0.3 115,,
100.0%
100.0 %
100·0%
thus:
40,951 vessels of 1,848,522 tons were engaged in Local Trade and were distributed
1908.
1907. Steamships not exceeding 60 tons, 91-58% in numbers and 84-98% in tonnage 86.31% Junks,
8-42
100·00%
11
15.02
"
100.00%
13:69
"}
100.00%
Seven thousand seven hundred and fifty (7,750) steamers, eleven (11) sailing ships and two thousand and thirty (2,030) steamships not exceeding 60 tons, in Foreign Trade, entered during the year, giving a daily average entry of 268, as compared with 248 in 1907.
The average tonnage of Ocean vessels risiting the Port has again increased, from 2,325 3 tons to 2,448 6 tons. That of British vessels has increased from 2,552-2 tons to 2,593-06 tons, while that of Foreigners has increase I from 2,136-8 toas to 2,309·9 tons.
In this connection, it is interesting to note that, during the past 20 years the average tonnage of Ocean vessels visiting the Colony has risen from 1,186-9 tons to 2,448 6 tons.
The average tonnage of River steamers entered during 1908 was 665-5 tons, as against 661 tons in 1907. British River steamers have increased in average tonnage from 678 tons- 10 686-5 tons, while Foreigners have again decreased, from 567 tons to 565 2 tons.
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