33
in water bound macadam dressed with asphalt, 12 miles in sheet asphalt on a cement concrete foundation, 13 miles of tar macadam, 17 miles of concrete, 3 miles of granite setts and wooden blocks on a cement concrete foundation and 39 miles of gravel.
21. The public travelling over the Colony's roads increases yearly with a corresponding growth in the number of motor buses, of which there are 59 operating on the island of Hong Kong, and 115 on the mainland. These are gradually replacing the rickshas, the number of which decreases year by year.
22. The Hong Kong Tramway Company has a fleet of nearly 90 double deck tram cars running along the sea front of Victoria from Kennedy Town to Shaukiwan.
23. Communication between the island and the mainland is maintained by a number of ferry services; the most important of which are the Star Ferry between Kowloon Point and a pier near the General Post Office, and the combined vehicular and passenger service of the Hong Kong and Yaumati Ferry Company between Jordan Road, Kowloon and Jubilee Street, Victoria.
Chapter XI.
BANKING, CURRENCY, WEIGHTS & MEASURES.
There
The Colony is well served by banking institutions. are fifteen principal banks doing business in the Colony which are members of the Clearing House, and in addition several Chinese banks and numerous native Hongs doing some portion of banking business. There are no banks which devote themselves specially to agricultural and co-operative banking. The Hong Kong and Shanghai Banking Corporation also conducts the business of the Hong Kong Savings Bank on usual savings bank principles. Several of the more important Chinese Banks have opened branches in Hong Kong during the year and there have been no notable difficulties among the smaller native banks. The credit and repute of the Colony's financial institutions have never been higher than during this difficult period and it is satisfactory to be assured that ample encouragement and support are available to finance any possible demand that a revival of trade would need.
2. The Currency of the Colony is based on silver and is governed by the Order in Council of 2nd February, 1895. The dollar, which is normally in circulation and which is legal tender to any amount, is the British Dollar of 900 millesimal fineness and weight 26.957 grammes (416.00 grains). Silver subsidiary coins of the value of 5, 10, 20 and 50 cents and one cent pieces
33
in water bound macadam dressed with asphalt, 12 miles in sheet asphalt on a cement concrete foundation, 13 miles of tar macadam, 17 miles of concrete, 3 miles of granite setts and wooden blocks on a cement concrete foundation and 39 miles of gravel.
21. The public travelling over the Colony's roads increases yearly with a corresponding growth in the number of motor buses, of which there are 59 operating on the island of Hong Kong, and 115 on the mainland. These are gradually replacing the rickshas, the number of which decreases year by year.
22. The Hong Kong Tramway Company has a fleet of nearly 90 double deck tram cars running along the sea front of Victoria from Kennedy Town to Shaukiwan.
23. Communication between the island and the mainland is maintained by a number of ferry services; the most important of which are the Star Ferry between Kowloon Point and a pier near the General Post Office, and the combined vehicular and passenger service of the Hong Kong and Yaumati Ferry Company between Jordan Road, Kowloon and Jubilee Street, Victoria.
Chapter XI.
BANKING, CURRENCY, WEIGHTS & MEASURES.
There
The Colony is well served by banking institutions. are fifteen principal banks doing business in the Colony which are members of the Clearing House, and in addition several Chinese banks and numerous native Hongs doing some portion of banking business. There are no banks which devote them- selves specially to agricultural and co-operative banking. The Hong Kong and Shanghai Banking Corporation also conducts the business of the Hong Kong Savings Bank on usual savings bank principles. Several of the more important Chinese Banks have opened branches in Hong Kong during the year and there have been no notable difficulties among the smaller native banks. The credit and repute of the Colony's financial institutions have never been higher than during this difficult period and it is satis- factory to be assured that ample encouragement and support are available to finance any possible demand that a revival of trade would need.
2. The Currency of the Colony is based on silver and is governed by the Order in Council of 2nd February, 1895. The dollar, which is normally in circulation and which is legal tender to any amount, is the British Dollar of 900 millesimal fineness and weight 26.957 grammes (416.00 grains). Silver subsidiary coins of the value of 5, 10, 20 and 50 cents and one cent pieces
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