Preserved Ginger.-Local prices fluctuated during the year from $10 to $16 per picul for cargo ginger and from $15 to $25 per picul for stem ginger. This represented a decrease in terms of local currency but in terms of other currencies Hong Kong ginger was dearer on account of higher exchange values. Increased quantities were, however, exported owing to the more prosperous conditions existing in the countries which are the largest purchasers. Total value of exports amounted to $1,875,778. Of this amount $783,193 was taken by the United Kingdom, $332,671 by Australia, $191,454 by Holland and $138,131 by the United States of America.
Knitted Goods.-Local knitting factories experienced another year of very depressed trading. The heavy Chinese import duties have practically closed the South China market to Hong Kong manufactured goods and on account of the higher exchange value of local currency during the greater part of 1935 it was difficult to sell competitively in British Malaya, the Philippines, Netherlands East Indies and Siam which are now the biggest markets. There was a welcome increase in business with the British West Indies, particularly in singlets. The yarn used in the manufacture of the lower grades of cotton knitted goods is imported from North China and that for the higher grades from the United Kingdom. The total value of exports of singlets in 1935 was $2,346,360 and that of hosiery, $352,942.
Flashlight Torches. High exchange also handicapped the sale in other markets of Hong Kong-made flashlight torches and batteries and there were large decreases in exports to the Netherlands East Indies, Malaya and India. Exports to Siam and to the United Kingdom increased but the total volume of business ($1,546,615 worth of torches and $809,964 worth of batteries) was considerably below normal. At the close of the year lower exchange gave prospects of better business but it is not thought likely that there will be much export to the United Kingdom in 1936 owing to the fact that to qualify for Imperial Preference, the torches are now required to be made of British-made brass which is dearer than the Continental brass at present used.
Rubber Shoes.-As locally manufactured canvas shoes with rubber soles qualify for Imperial Preference, an impetus has been given to shipments to other parts of the British Empire, particularly the United Kingdom and the British West Indies. The rubber used in the manufacture of these shoes is certified to be the produce of British Malayan plantations and the canvas to have been made in the United Kingdom. Until a few years ago most of the canvas used originated from the United States of America. The total value of exports of rubber shoes from Hong Kong in 1935 amounted to over $2,000,000.
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Preserved Ginger.-Local prices fluctuated during the year from $10 to $16 per picul for cargo ginger and from $15 to $25 per picul for stem ginger. This represented a decrease in terms of local currency but in terms of other currencies Hong Kong ginger was dearer on account of higher exchange values. In- creased quantities were, however, exported owing to the more prosperous conditions existing in the countries which are the largest purchasers. Total value
value of exports amounted to $1,875,778. Of this amount $783,193 was taken by the United Kingdom, $332,671 by Australia, $191,454 by Holland and $138,131 by the United States of America.
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Knitted Goods.-Local knitting factories experienced another year of very depressed trading. The heavy Chinese import duties have practically closed the South China market to Hong Kong manufactured goods and on account of the higher exchange value of local currency during the greater part of 1935 it was difficult to sell competitively in British Malaya, the Philippines, Netherlands East Indies and Siam which are now the biggest markets. There was a welcome increase in business with the British West Indies, particularly in singlets. The yarn used in the manufacture of the lower grades of cotton knitted goods is imported from North China and that for the higher grades from the United Kingdom. The total value of exports of singlets in 1935 was $2,346,360 and that of hosiery, $352,942.
Flashlight Torches. High exchange also handicapped the sale in other markets of Hong Kong-made flashlight torches and batteries and there were large decreases in exports to the Netherlands East Indies, Malaya and India. Exports to Siam and to the United Kingdom increased but the total volume of business ($1,546,615 worth of torches and $809,964 worth of batteries) was considerably below normal. At the close of the year lower exchange gave prospects of better business but it is not thought likely that there will be much export to the United Kingdom in 1936 owing to the fact that to qualify for Imperial Preference, the torches are now required to be made of British- made brass which is dearer than the Continental brass at present used.
Rubber Shoes.-As locally manufactured canvas shoes with rubber soles qualify for Imperial Preference, an impetus has been given to shipments to other parts of the British Empire, parti- cularly the United Kingdom and the British West Indies. The rubber used in the manufacture of these shoes is certified to be the produce of British Malayan plantations and the canvas to have been made in the United Kingdom. Until a few years ago most of the canvas used originated from the United States of America. The total value of exports of rubber shoes from Hong Kong in 1935 amounted to over $2,000,000.
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