6
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 was continuously followed till 1918 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 1919 amounted to 649,168 vessels of 35,615,169 tons, which, compared with the figures for 1918, shows an increase of 69,627 vessels, with an increase of 6,096,980 tons.
Of the above, 41,985 vessels of 21,072,129 tons were engaged in Foreign Trade, as compared with 43,436 vessels of 16,955,332 tons in 1918, and were distributed as follows:-
1918 1919 1918 1919 Numbers Numbers Tonnage Tonnage British Ocean-going Ships, 5.6% 9.2% 21.4% 32.4% Foreign Ocean-going Ships, 9.8 12.6 36.1 36.2 British River Steamers, 13.3 13.2 20.3 15.4 Foreign River Steamers, 3.5 3.8 3.6 2.9 Steam Launches (under 60 tons), 13.8 11.9 1.1 0.8 Trading Junks, 49.3 54.0 17.5 12.3 100.0 100.0 100.0 100.0N.B.-The movements of Fishing Junks are not included in this Table.
Of vessels of European construction, 4,571 Ocean Steamers, 4 Sailing Ships, 3,550 River Steamers, and 2,509 Steamships not exceeding 60 tons entered during the year, giving a daily average of 29.1 ships, as compared with 27.3 in 1918, and 29.9 in 1917.
6
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 was continuously followed till 1918 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 1919 amounted to 649,168 vessels of 35,615,169 tons, which, compared with the figures for 1918, shows an increase of 69,627 vessels, with an increase of 6,096,980 tons.
Of the above, 41,985 vessels of 21,072,129 tons were engaged in Foreign Trade, as compared with 43,436 vessels of 16,955,332 tons in 1918, and were distributed as follows:-
1918.
1919.
1918. Numbers. Numbers. Tonnage.
1919. Tonnage.
British Ocean-
going Ships,
5.6%
9.2%
21.4%
32.4%
Foreign Ocean-
going Ships,
9.8
12.6
36.1
36.2
British River
Steamers,
13.3
13.2
20:3
154
Foreign River
Steamers,
3.5
3.8
3.6
2.9
Steam Launches
(under
60
tons),.
13.8
11.9
1.1
0.8
Trading Junks, 540
49.3
17.5
12:3
100 0
100·0
100.0
100'0
N.B.-The movements of Fishing Junks are not included in this Table.
Of vessels of European construction, 4,571 Ocean Steamers, 4 Sailing Ships, 3,550 River Steamers, and 2,509 Steamships not exceeding 60 tons entered during the year, giving a daily average of 29-1 ships, as compared with 273 in 1918, and 299 in 1917.
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