AnnualReport-1922 — Page 8

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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 Calcutta 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 was continuously followed till 1918 except during a brief period in 1911. Coin to the face value of $21,235,459 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 1922 amounted to 708,244 vessels of 46,566,764 tons, which, compared with the figures for 1921, shows an increase of 35,564 vessels, with an increase of 3,145,994 tons.

Of the above, 50,427 vessels of 29,543,564 tons were engaged in foreign trade, as compared with 52,222 vessels of 27,852,616 tons in 1921.

Of vessels of European construction, 5,318 ocean steamers, 3,552 river steamers, and 3,243 steamships not exceeding 60 tons, entered during the year, giving a daily average of 33.2 ships, as compared with 33.8 ships in 1921 and 29.4 ships in 1920.

The average tonnage of individual ocean vessels entering the Port has increased from 1,919.8 to 2,068.6 tons, that of British ships has increased from 1,997.5 to 2,131.0 tons while that of foreign ships has increased from 1,857.9 to 1,957.7 tons.

The average tonnage of individual river steamers entering during the year has increased from 460.5 to 598.8 tons.

That of British river steamers has increased from 570.5 to 822.8 tons, and that of foreign river steamers has increased from 316.7 to 318.9 tons.

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6 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 Calcutta 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 was continuously followed till 1918 except during a brief period in 1911. Coin to the face value of $21,235,459 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 1922 amounted to 708,244 vessels of 46,566,764 tons, which, compared with the figures for 1921, shows an increase of 35,564 vessels, with an increase of 3,145,994 tons. Of the above, 50,427 vessels of 29,543,564 tons were engaged in foreign trade, as compared with 52,222 vessels of 27,852,616 tons in 1921. Of vessels of European construction, 5,318 ocean steamers, 3,552 river steamers, and 3,243 steamships not exceeding 60 tons, entered during the year, giving a daily average of 33.2 ships, as compared with 33.8 ships in 1921 and 29.4 ships in 1920. The average tonnage of individual ocean vessels entering the Port has increased from 1,919.8 to 2,068.6 tons, that of British ships has increased from 1,997.5 to 2,131.0 tons while that of foreign ships has increased from 1,857.9 to 1,957.7 tons. The average tonnage of individual river steamers entering during the year has increased from 460.5 to 598.8 tons. That of British river steamers has increased from 570.5 to 822.8 tons, and that of foreign river steamers has increased from 316.7 to 318.9 tons.

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6 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 Calcutta for purposes of demonetization. The discount which prevailed be- tween 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 demonet- ising 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 $21,235,459 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 1922 amounted to 708,244 vessels of 46,566,764 tons, which, compared with the figures for 1921, shows an increase of 35,564 vessels, with an increase of 3,145,994 tons. Of the above, 50,427 vessels of 29,543,564 tons were engaged in foreign trade, as compared with 52,222 vessels of 27,852,616 tons in. 1921. Of vessels of European construction, 5,318 ocean steamers, 3,552 river steamers, and 3,243 steamships not exceeding 60 tons, entered during the year, giving a daily average of 33-2 ships, as compared with 33-8 ships in 1921 and 29-4 ships in 1920. The average tonnage of individual ocean vessels entering the Port has increased from 1,919-8 to 2,068 6 tons, that of British ships has increased from 1,997 5 to 2,1310 tons while that of foreign ships has increased from 1,857 9 to 1,957 7 tons. The average tonnage of individual river steamers entering during the year has increased from 460-5 to 598.8 tons. That of British river steamers has increased from 5705 to 822-8 tons, and that of foreign river steamers has increased from 316.7 to 318.9 tons.

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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 Calcutta for purposes of demonetization. The discount which prevailed be- tween 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 demonet- ising all its subsidiary coin received as revenue.

II. SHIPPING AND TRADE, INDUSTRIES, FISHERIES, AGRICULTURE, AND LAND.

(a.) SHIPPING.

Of the above, 50,427 vessels of 29,543,564 tons were engaged in foreign trade, as compared with 52,222 vessels of 27,852,616 tons in. 1921.

Of vessels of European construction, 5,318 ocean steamers, 3,552 river steamers, and 3,243 steamships not exceeding 60 tons, entered during the year, giving a daily average of 33-2 ships, as compared with 33-8 ships in 1921 and 29-4 ships in 1920.

The average tonnage of individual ocean vessels entering the Port has increased from 1,919-8 to 2,068 6 tons, that of British ships has increased from 1,997 5 to 2,1310 tons while that of foreign ships has increased from 1,857 9 to 1,957 7 tons.

The average tonnage of individual river steamers entering during the year has increased from 460-5 to 598.8 tons.

That of British river steamers has increased from 5705 to 822-8 tons, and that of foreign river steamers has increased from 316.7 to 318.9 tons.

AnnualReport-1922 — Page 8

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