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FISHERIES.
A considerable proportion of the boat population of Hong Kong supports itself by deep-sea fishing, in which pursuit a large number of junks are engaged. The villages of Aberdeen, Stanley, Shaukiwan, and also many in the New Territories, are largely dependent upon this industry for their prosperity. Fresh water fish is imported from Canton and the West River. There are oyster beds of considerable value in Deep Bay.
MINING.
The mineral resources of the Colony are small and little mining was done in 1927.
MANUFACTURES.
Sugar. The higher prices of Raw and Refined that prevailed towards the close of 1926 were not maintained. A break commenced early in 1927 and prices continued to fall practically throughout the year closing at the end of December about the lowest. The reason for this market weakness was principally disappointing consumption both in United States of America and United Kingdom and invisible supplies of sugars in excess of expectations while the reduction in Cuban output to 4,000,000 tons against 4,500,000 tons for 1926 was offset by a European Beet Crop of 8,100,000 tons for 1927-28 against 6,860,000 tons for 1926-27.
Rope Making. The demand for Manila cordage for 1927 was restricted owing to the depression in Shipping and the political trouble in China.
SHIPBUILDING.
Six ocean-going vessels were built in 1927, the largest being of 562 gross tons; one river vessel of 1,068 gross tons and some twenty launches, motor boats and lighters were also built.
IV.-Trade and Economics.
Trade suffered throughout the year from the disturbed condition of China but the establishment in Canton of a more settled Government and the restoration of friendly relations between Canton and Hong Kong brought about a marked improvement at the close of 1927 warranting confidence in the speedy disappearance of the effects of the strike and boycott of 1925.
Page 7
Page
7
FISHERIES.
A considerable proportion of the boat population of Hong Kong supports itself by deep-sea fishing, in which pursuit a large number i junks are engaged. The villages of Aberdeen, Stanley, Shaukiwan, and also many in the New Territories, are largely dependent upon this industry for their prosperity. Fresh water fish is imported from Canton and the West River. There are oyster beds of considerable value in Deep Bay.
MINING.
The mineral resources of the Colony are small and little mining was done in 1927.
MANUFACTURES.
Sugar. The higher prices of Raw and Refined that prevailed towards the close of 1926 were not maintained. A break commenced early in 1927 and prices continued to fall practically throughout the year closing at the end of December about the lowest. The reason for this market weakness was principally disappointing consumption both in United States of America and United Kingdom and invisible supplies of sugars in excess of expectations while the reduction in Cuban output t; 4,000,000 tons against 4,500,000 tons for 1926 was offset by a European Beet Crop of 8,100,000 tons for 1927-28 against 6,860,000 tions for 1926-27.
Rope Making. The demand for Manila cordage for 1927 was restricted owing to the depression in Shipping and the political trouble in China.
SHIPBUILDING.
Six ocean-going vessels were built in 1927, the largest being of 562 gross tons; one river vessel of 1,068 gross tons and some twenty launches, motor boats and lighters were also built.
IV.-Trade and Economics.
Trade suffered throughout the year from the disturbed condition of China but the establishment in Canton of a more settled Govern- ment and the restoration of friendly relations between Canton and Hong Kong brought about a marked improvement at the close of 1927 warranting confidence in the speedy disappearance of the effects cf the strike and boycott of 1925.
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