tendency due to heavy crops being anticipated in the main sugar producing centres. This affected prices unprofitably in Hongkong and the East. Later a reaction in prices took place due to shortness in the European beet crops, and values mounted up here in common with other parts of the world, but the more prosperous results, which these circumstances placed within the reach of the Hongkong refineries, were nullified by the outbreak of the Revolution, which reduced local demand to a minimum.
Cotton Spinning.—Owing to the high prices required for cotton during the early part of last year, it was impossible to work at a profit and one mill was closed for nine months. Towards the end of the year the Revolution in China dislocated business and the outlook is still unsatisfactory.
Rope Manufacturing.—There is very little requiring special comment, and the trade for the year has gone on without any distinguishing feature. The power of absorption of the local and adjacent markets seems to vary very little. The price of hemp has been fairly steady throughout the year, the extreme fluctuation not exceeding $3 per picul in Manila.
Cement.—There has been a fair demand throughout the year.
Brewing. The Oriental Brewery, of which hopes of success were confidently expressed in 1910, was unfortunately unable to compete with other breweries and has passed into liquidation.
(ii.)—Under Chinese Management.
Rattan and Fibre Furniture.—Business showed a slight falling off. There are forty-one firms, large and small, in the trade.
Native Tobacco. There are twenty-six factories in existence. Business is still unsatisfactory owing to the competition in China of foreign tobacco corporations and the sale of foreign cigarettes. The local tobacco crops were fairly good.
Tinned Goods.—This business increased moderately, and considerable exports have been made to Annam and Singapore.
Samshu.—The local manufacturers of native spirits report having had a good year. The total local output of all kinds of native spirits (including the New Territories) was nearly 1,100,000 gallons, as against 800,000 gallons in 1910. This increase is due to a decrease in import from China consequent on the recent unrest.
Vinegar. All the large native distilleries produce vinegar as well as Samshu. The yearly output of the seven largest firms amounted to some 850,000 gallons. The figures given for 1910 (two million gallons) were probably wrong.
Knitted Vests and Socks.—There are five factories in existence. A large local demand, which has lately still further increased, exists for these articles.
tendency due to heavy crops being anticipated in the main sugar producing centres. This affected prices unprofitably in Hongkong and the East. Later a reaction in prices took place due to shortness in the European beet crops, and values mounted up here in common with other parts of the world, but the more prosperous results, which these circumstances placed within the reach of the Hongkong refin- eries, were nullified by the outbreak of the Revolution, which reduced local demand to a minimum.
Cotton Spinning.-Owing to the high prices required for cotton during the early part of last year, it was impossible to work at a profit and one mill was closed for nine months. Towards the end of the year the Revolution in China dislocated business and the outlook is still unsatisfactory.
Rope Manufacturing.-There is very little requiring special com- ment, and the trade for the year has gone on without any distinguish- ing feature. The power of absorption of the local and adjacent markets seems to vary very little. The price of hemp has been fairly steady throughout the year, the extreme fluctuation not exceed- ing $3 per picul in Manila.
Cement.-There has been a fair demand throughout the year.
Brewing. The Oriental Brewery, of which hopes of success were confidently expressed in 1910, was unfortunately unable to compete with other breweries and has passed into liquidation.
(ii.)-Under Chinese Management.
Rattan and Fibre Furniture.-Business showed a slight falling off. There are forty-one firms, large and small, in the trade.
Native Tobacco. There are twenty-six factories in existence. Business is still unsatisfactory owing to the competition in China of foreign tobacco corporations and the sale of foreign cigarettes. The local tobacco crops were fairly good.
Tinned Goods.-This business increased moderately, and con- siderable exports have been made to Annam and Singapore.
Samshu.-The local manufacturers of native spirits report hav- ing had a good year. The total local output of all kinds of native spirits (including the New Territories) was nearly 1,100,000 gallons, as against 800,000 gallons in 1910. This increase is due to a decrease in import from China consequent on the recent unrest.
Vinegar. All the large native distilleries produce vinegar as well as Samshu. The yearly output of the seven largest firms amounted to some 850,000 gallons. The figures given for 1910 (two million gallons) were probably wrong.
Knitted Vests and Socks.-There are five factories in existence. A large local demand, which has lately still further increased, exists for these articles.
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