Of the several varieties of opium exported, Malwa decreased by 735½ chests or 13·8 per cent., Patna by 5,317 chests or 27 per cent., Benares by 2,273 chests or 26·8 per cent., and Persian by 517 chests or 18·8 per cent.
The trade in Compounds of Opium and Morphia also declined considerably. In the former imports fell by 43 per cent. and exports by 47 per cent., while in the latter the decreases were 9·6 per cent. and 44 per cent. respectively.
Sugar—The imports of Sugar show a considerable decrease of 94,528 tons, or 27·8 per cent., as against an increase of 89,766 tons last year. This seems to be due to an overstocked market with prices ruling low.
Cotton and Cotton Yarn.—Here is shown, again, a large increase of 10,114 tons, or 15·7 per cent., added to the increase reported last year. This seems to be borne out by facts, though the increase was in yarn entirely, hardly any cotton having been imported (owing to the high prices ruling in India, and the Chinese product being exceptionally cheap and of good quality this year). The yarn market, though considerable fluctuations in price occurred during the year, was strong, and the demand being great and prices generally favourable, large imports were made.
Flour. Here our returns show the enormous falling off of 26,279 tons or 44·9 per cent. This was due to the virtual cessation of the flour trade in the Colony during the first six months of the year, owing to high prices of American flour, and the competition of the Shanghai Mills, which shipped their products direct to Chinese ports, instead of to Hongkong, for distribution. Matters improved during the last six months, owing to the Shanghai Mills being short of wheat, while such as they had was of poor quality. The result was a recrudescence of trade with Hongkong on the part of Canton, Amoy, Foochow, etc., which ports had previously been served by Shanghai, and the import of American flour immediately recommenced in unusually large quantities.
Rice. There is an increase in this item of 183,662 tons, or 33·9 per cent.
This large rise is undoubtedly due to the almost total failure of the Chinese first crops, owing to the continued drought in the spring and summer, and to the partial failure of the second crop in parts of Kwangtung. The demand for Saigon and Bangkok rice was consequently unusually large, and the supply was equal to the demand. However, during November shipments declined, because the local supply was sufficient for the needs of the districts. In December, shipments increased, owing to renewed demands from the interior.
The total reported Imports during the year amounted to 4,298,194 tons, as against 4,195,968 tons in 1909, an increase of 102,226 tons or 2·4 per cent. Exports also show an increase of 23,000 tons, or 10·2 per cent. Transit cargo shows a decrease.
Of the several varieties of opium exported, Malwa decreased by 7351⁄2 chests or 138 per cent., Patna by 5,317 chests or 27 per cent., Benares by 2,273 chests or 26 8 per cent., and Persian by 517 chests or 18.8 per cent.
The trade in Compounds of Opium and Morphia also. declined considerably. In the former imports fell by 43 per cent. and exports by 47 per cent., while in the latter the decreases were 9'6 per cent, and 44 per cent. respectively.
Sugar--The imports of Sugar show a considerable decrease of 94,528 tons, or 27 8 per cent, as against an increase of 89,766 tons last year. This seems to be due to an overstocked market with prices ruling low.
Cotton and Colton Yarn.-Here is shown, again, a large increase of 10,114 tons, or 157 per cent., added to the increase reported last year. This seems to be borne out by facts, though the increase was in yarn entirely, hardly any cotton having been imported (owing to the high prices ruling in India, and the Chinese product being exceptionally cheap and of good quality this year). The yarn market, though considerable fluctuations in price occurred during the year, was strong, and the demand being great and prices generally favourable, large imports were made.
Flour. Here our returns show the enormous falling off of 26,279 tons or 449 per cent. This was due to the virtual cessation of the flour trade in the Colony during the first six months of the year, owing to high prices of American flour, and the competition of the Shanghai Mills, which shipped their products direct to Chinese ports, instead of to Hongkong, for distribution. Matters improved during the last six months, owing to the Shanghai Mills being short of wheat, while such as they had was of poor quality. The result was a recrudescence of trade with Hongkong on the part of Canton, Amoy, Foochow, etc., which ports had previously been served by Shanghai, and the import of American flour immediately recommenced. in unusally large quantities.
Rice. There is an increase in this item of 183,662 tons, or 33·9 per cent.
This large rise is undoubtedly due to the almost total failure of the Chinese first crops, owing to the continued drought in the spring and summer, and to the partial failure of the second crop in parts of Kwangtung. The demand for Saigon and Bangkok rice was consequently unusually large, and the supply was equal to the demand. However, during November shipments declined, because the local supply was sufficient for the needs of the districts. In December, shipments increased, owing to renewed demands from the interior.
The total reported Imports during the year amounted to 4,298,194 tons, as against 4,195,968 tons in 1909, an increase of 102,226 tons or 24 per cent. Exports also show an increase of 23,000 tons, or 10'2 per cent. Transit cargo shows a decrease, of
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