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21. There are 377 miles of roads in the Colony, 161 miles on the Island of Hong Kong and 216 miles in Kowloon and the New Territories. Of the total mileage 293 miles are constructed 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 earth roads.
22. The public travelling over the Colony's roads increases yearly with a corresponding growth in the number of motor buses, of which there are 84 operating on the island of Hong Kong, and 101 on the mainland. These are gradually replacing the rickshas, the number of which decreases year by year.
23. The Hong Kong Tramway Company has a fleet of 91 double deck tram cars running along the sea front of Victoria from Kennedy Town to Shaukiwan.
24. 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.
The Colony is well served by banking institutions. There are fourteen principal banks doing business in the Colony which are members of the Clearing House, and in addition several Chinese Banks and many native Hongs do some 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. The credit and repute of the Colony's financial institutions are high and it is satisfactory to know that ample encouragement and support are available to finance any possible demand.
2. The Currency of the Colony which had been hitherto based on silver and governed by the Order in Council of 2nd February, 1895, underwent some very important changes towards the end of 1935. Prior to that time it was, like that of China, on a silver basis. The unit of currency is the Hong Kong dollar, divided into 100 cents. The standard coin was the silver British dollar and the exchange value of the Hong Kong dollar, subject to rather wide variations, from time to time, the reasons for which are discussed in the Report of the Hong Kong Currency
34
21. There are 377 miles of roads in the Colony, 161 miles on the Island of Hong Kong and 216 miles in Kowloon and the New Territories. Of the total mileage 293 miles are constructed 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 earth roads.
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22. The public travelling over the Colony's roads increases yearly with a corresponding growth in the number of motor buses, of which there are 84 operating on the island of Hong Kong, and 101 on the mainland. These are gradually replacing the rickshas, the number of which decreases year by year.
*
23. The Hong Kong Tramway Company has a fleet of 91 double deck tram cars running along the sea front of Victoria from Kennedy Town to Shaukiwan.
24. 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.
The Colony is well served by banking institutions. There are fourteen principal banks doing business in the Colony which are members of the Clearing House, and in addition several Chinese Banks and many native Hongs do some 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. The credit and repute of the Colony's financial institutions are high and it is satisfactory to know that ample encouragement and support are available to finance any possible demand.
2. The Currency of the Colony which had been hitherto based on silver and governed by the Order in Council of 2nd February, 1895, underwent some very important changes towards the end of 1935. Prior to that time it was, like that of China, on a silver basis. The unit of currency is the Hong Kong dollar, divided into 100 cents. The standard coin was the silver British dollar and the exchange value of the Hong Kong dollar, subject to rather wide variations, from time to time, the reasons for which are discussed in the Report of the Hong Kong Currency
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