8. A new Buildings Ordinance has been drafted, which will eliminate many of the present defects and demand a higher standard generally, whilst the building owners are themselves realising the advantages of modern constructional methods. Town planning improvements are being carried out wherever possible in Hong Kong whilst the development of Kowloon is proceeding according to a definite lay-out.
Chapter VI.
PRODUCTION.
Hong Kong is the port for South China, and the greater part of the large volume of goods that pass through it is in transit either to or from South China and other parts of the world, including North and Middle China. The Colony itself produces comparatively little, though the shipbuilding, cement, sugar refining and cotton knitting industries are not unimportant. Neither agriculture nor mining are carried on to any great extent, though the former is practised throughout the New Territories. Rice and vegetables are grown, and there is considerable poultry farming, but in insufficient quantities to supply the needs of the urban populations of Victoria and Kowloon. The cultivation is in the hands of the Chinese villagers. Sea fishing is an important industry, but here again local supplies have to be augmented by importation from outside.
2. Reports on the principal industries for the year 1932 are given below:-
Refined Sugar. The enormously increased duty on sugar imported into China (which now amounts to 130 per cent of the c.i.f. value) has imposed such a heavy financial burden on dealers that their operations have been greatly curtailed. Business during 1932 was on a hand-to-mouth basis, but even so sugar dealers at the end of the year were facing with some trepidation the January, 1933, Chinese New Year Settlement which was very difficult for them in view of heavy credits extended to clients in the interior of South China. Business with Manchuria has practically ceased, Japanese refined sugars having practically monopolised that market.
Cement. There was a large demand for cement throughout the year, the market being flooded by the Japanese product which was sold at prices against which it was difficult for other cement manufacturers to compete.
Rope. A restricted demand and keen competition were the special features met with in this industry during 1932.
14
8. A new Buildings Ordinance has been drafted, which will eliminate many of the present defects and demand a higher standard generally, whilst the building owners are themselves realising the advantages of modern constructional methods. Town planning improvements are being carried out wherever possible in Hong Kong whilst the development of Kowloon is proceeding according to a definite lay-out.
Chapter VI.
PRODUCTION.
Hong Kong is the port for South China, and the greater part of the large volume of goods that pass through it is in transit either to or from South China and other parts of the world, in cluding North and Middle China. The Colony itself produces comparatively little, though the shipbuilding, cement, sugar 14 fining and cotton knitting industries are not unimportan Neither agriculture nor mining are carried on to any great extent, though the former is practised throughout the New Territories. Rice and vegetables are grown, and there is considerable poultry farming, but in insufficient quantities to supply the needs of the urban populations of Victoria and Kowloon. The cultivation is in the hands of the Chinese villagers. Sea fishing is an im- portant industry, but here again local supplies have to be augmented by. importation from outside.
2. Reports on the principal industries for the year 1982 are given below:-
Refined Sugar. The enormously increased duty on sugar imported into China (which now amounts to 130 per cent of the c.i.f. value) has imposed such a heavy financial burden on dealers that their operations have been greatly curtailed. Business dur- ing 1982 was on a hand to mouth basis, but even so sugar dealers at the end of the year were facing with some trepidation the January, 1933, Chinese New Year Settlement which was very difficult for them in view of heavy credits extended to clients in the interior of South China. Business with Manchuria has prac- tically ceased, Japanese refined sugars having practically mono- polised that market.
Cement. There was a large demand for cement throughout the year, the market being flooded by the Japanese product which was sold at prices against which it was difficult for other cement manufacturers to compete.
Rope. A restricted demand and keen competition were the special features met wtih in this industry during 1932.
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