The currency of the Colony consists, in addition to the notes of these Banks, of British, Hongkong, and Mexican Dollars and of subsidiary coin, which continued at par throughout the year.
The total issue of subsidiary coins, less those demonetized, now amounts to $20,764,370 nominal value, and they were up to the year 1905 readily absorbed at par, large quantities being taken by the neighbouring provinces of China. During 1916 ten cent pieces of the face value of $5,028,000 were shipped to England for purposes of demonetization. The discount which prevailed between 1905 and 1916 may be attributed to the immense quantity of similar coin which was minted at Canton as well as to the amount of Hongkong coin minted largely in excess of the needs of the Colony by itself. In 1905 the Hongkong Government ceased to issue any subsidiary coin and in 1906 it began a policy of demonetising all its subsidiary coin received as revenue. This policy has been continuously followed since except during a brief period in 1911. Coin to the face value of $23,235,459 has thus been redeemed. The total issue by the Hongkong Government was of the face value of about $44,000,000.
## II.-SHIPPING AND TRADE, INDUSTRIES, FISHERIES, AGRICULTURE, AND LAND
### (a.)-SHIPPING
The total of the Shipping entering and clearing at Ports in the Colony during the year 1918 amounted to 579,541 vessels of 29,518,189 tons, which, compared with the figures for 1917, shows a decrease of 53,537 vessels, with a decrease of 4,974,484 tons.
Of the above, 43,436 vessels of 16,955,332 tons were engaged in Foreign Trade, as compared with 48,026 vessels of 20,547,119 tons in 1917, and were distributed as follows:
1917 Numbers 1918 Numbers 1917 Tonnage 1918 Tonnage British Ocean-going ships 6.3% 5.6% 25.3% 21.4% Foreign Ocean-going ships 8.6 9.8 34.6 36.1 British River Steamers 13.8 13.3 19.5 20.3 Foreign River Steamers 3.4 3.5 4.1 3.6 Steam Launches (under 60 tons) 13.6 13.8 0.9 1.1 Trading Junks 54.3 54.0 15.6 17.5 100.0 100.0 100.0 100.0N.B.-The movements of Fishing Junks are not included in this table.
4
The currency of the Colony consists, in addition to the notes of these Banks, of British, Hongkong, and Mexican Dollars and of subsidiary coin, which continued at par throughout the year.
The total issue of subsidiary coins, less those demonetized, now amounts to $20,764,370 nominal value, and they were up to the year 1905 readily absorbed at par, large quantities being taken by the neighbouring provinces of China. During 1916 ten cent pieces of the face value of $5,028,000 were shipped to England for purposes of demonetization. The discount which prevailed between 1905 and 1916 may be attributed to the immense quantity of similar coin which was minted at Canton as well as to the amount of Hongkong coin minted largely in excess of the needs of the Colony by itself. In 1905 the Hongkong Government ceased to issue any subsidiary coin and in 1906 it began a policy of demonetising all its subsidiary coin received as revenue. This policy has been continuously followed since except during a brief period in 1911. Coin to the face value of $23,235,459 has thus been redeemed. The total issue by the Hongkong Government was of the face value of about $44,000,000.
II.-SHIPPING AND TRADE, INDUSTRIES, FISHERIES, AGRICULTURE, AND LAND.
(a.)-SHIPPING.
The total of the Shipping entering and clearing at Ports in the Colony during the year 1918 amounted to 579,541 vessels of 29,518,189 tons, which, compared with the figures for 1917, shows. a decrease of 53,537 vessels, with a decrease of 4,974,484 tons.
Of the above, 43,436 vessels of 16,955,332 tons were engaged in Foreign Trade, as compared with 48,026 vessels of 20,547,119 tons in 1917, and were distributed as follows:
1917. Numbers.
1918. Numbers.
1917. Tonnage.
1918. Tonnage.
British Ocean-
going ships, 6*3%
5.6%
25.3%
21.4%
Foreign Ocean-
going ships,
8.6
9.8
34.6
36.1
British River
Steamers,
13.8
13:3
19:5
20.3
Foreign River
Steamers,
3:4
3-5
4.1
3:6
Steam Launches
(under 60
tons),
13.6
13-8
0.9
11
Trading Junks, 54-3
54.0
15.6
17:5
100-0
100'0
100.0
100 0
N.B.-The movements of Fishing Junks are not included in
this table.
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