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Preserved Ginger.-World economic depression adversely affected business during 1932 in spite of considerably lower prices. The total value of exports from Hong Kong in 1932 amounted to $1,400,000 as compared with $2,400,000 in 1931.
Knitted Goods.-The turnover in locally manufactured knitted goods (hosiery and singlets) was considerably less than in 1931 owing to unfavourable exchange considerations which were the exact reverse of those obtaining in 1931 when local factories were able to export at very low prices owing to their raw materials having been bought at less than replacing cost at the time of export. The total value of exports of singlets in 1932 amounted to $5,700,000 and that of hosiery, $1,700,000.
Flashlight Torches and Batteries.-The manufactures of local factories are still in good demand, particularly from India, Java and other countries with large native populations. The approximate total value of exports in 1932 amounted to $1,200,000 (batteries) and $1,000,000 (torches).
Rubber Shoes.-Locally manufactured rubber shoes are being exported in growing quantities. The rubber is imported from the Straits Settlements and the canvas from America and the United Kingdom. Low labour costs here enable local manufacturers to compete successfully with shoes of Japanese and Straits Settlements manufacture. The total value of exports in 1932 amounted to over $2,000,000.
Shipbuilding-Four ocean-going vessels and twenty-six smaller craft were built in local dockyards during 1932.
Chapter VII.
COMMERCE.
Although it cannot be claimed that the general economic situation of the Colony of Hong Kong during the year 1932 showed any visible improvement as compared with the previous year, statistics of the Import and Export trade reveal that the situation was not an unsatisfactory one, taking into consideration the heavy contraction in international trade, and, in particular, the Chinese boycott of Japanese products which seriously affected the trade statistics of the Colony.
2. The declared value of Imports of merchandise in 1932 amounted to $624.0 millions (£41.0 millions), as compared with $737.7 millions (£38.5 millions) in 1931, while Exports were valued at $471.9 millions (£31.0 millions) as compared with $541.9 millions (£28.9 millions) in 1931.
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Preserved Ginger.-World economic depression adversely affected business during 1982 in spite of considerably lower prices. The total value of exports from Hong Kong in 1932 amounted to $1,400,000 as compared with $2,400,000 in 1931.
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Knitted Goods.-The turnover in locally manufactured knitted goods (hosiery and singlets) was considerably less than in 1932 owing to unfavourable exchange considerations which were the exact reverse of those obtaining in 1931 when local factories were able to export at very low prices owing to their raw materials having been bought at less than replacing cost at the time of export. The total value of exports of singlets in 1932 amounted to $5,700,000 and that of hosiery, $1,700,000.
Flashlight Torches and Battories.-The manufactures of local factories are still in good demand, particularly from India, Java and other countries with large native populations. The approximate total value of exports in 1932 amounted to $1,200,000 (batteries) and $1,000,000 (torches).
Rubber Shoes.-Locally manufactured rubber shoes are be- ing exported in growing quantities. The rubber is imported from the Straits Settlements and the canvas from America and the United Kingdom. Low labour costs here enable local manufac- turers to compete successfully with shoes of Japanese and Straits Settlements manufacture. The total value of exports in 1932 amounted to over $2,000,000.
Shipbuilding-Four ocean-going vessels and twenty-six smaller craft were built in local dockyards during 1932.
Chapter VII.
COMMERCE.
Although it cannot be claimed that the general economic situation of the Colony of Hong Kong during the year 1932 showed any visible improvement as compared with the previous year. statistics of the Import and Export trade reveal that the situation was not an unsatisfactory one, taking into consideration the heavy contraction in international trade, and, in particular. the Chinese boycott of Japanese products which seriously affected the trade statistics of the Colony.
2. The declared value of Imports of merchandise in 1932 amounted to $624.0 millions (£41.0 millions), as compared with $737.7 millions (£38.5 millions) in 1931, while Exports were valued at $471.9 millions (£31.0 millions) as compared with $541.9 millions (£28.9 millions) in 1931.
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