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Burma, Siam and Ceylon, and considerably increased quantities were shipped to these countries in 1937. The total value of exports to all countries in 1937 amounted to $3,670,609.
Exports of batteries were also well maintained, the principal purchasing countries and values of quantities taken being as follows: Netherlands East Indies ($415,695), Burma ($302,921), Malaya ($274,260), Ceylon ($231,491), Other Countries ($616,589), Total ($1,840,956).
Tin-Although slightly larger quantities of locally refined tin were shipped to Europe and the United States of America, the total volume of exports from Hong Kong during 1937 ($22,207,686) was about 15 per cent lower than in 1936 due to the decreased consumption in North China following the outbreak of hostilities there. The price was subject to wide fluctuations. The highest level was H.K. $265 per picul in March and the lowest H.K. $155 per picul at the end of the year.
Lard The total value of lard exported during 1937 amounted to 94,290 piculs valued at $4,057,026, of which 88,507 piculs valued at $3,632,764 was taken by the United Kingdom. The year closed with unfavourable prospects for business in 1938 as the United Kingdom Government has ruled that, to qualify for Imperial Preference, lard must be produced from pigs bred within the Empire. Most of the lard manufactured in Hong Kong is from the fat of pigs which are imported here from China.
Shipbuilding-During the year the Colony's shipyards had under construction seven passenger ships, one cargo vessel, one naval sloop, one tug, one waterboat, six lighters and five launches, a total of twenty-two vessels of 14,073 tons gross.
Chapter VII.
COMMERCE.
1. The combined values of imports and exports of merchandise in 1937 increased by 35.0% as compared with 1936, and 70.5% as compared with 1935, in terms of local currency. In terms of sterling the total visible trade of the Colony increased by 32.2% in 1937 as compared with 1936 and by 9.0% as compared with 1935. (Details are given in Table I).
2. Imports of merchandise totalled $617.1 (£38.1) millions in 1937, as compared with $452.4 (£28.5) millions in 1936, and $365.0 (£35.8) millions in 1935; whilst exports totalled $467.3 (£28.8) millions in 1937 as compared with $350.9 (£22.1) millions in 1936, and $271.0 (£26.1) millions in 1935.
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Burma, Siam and Ceylon, and considerably increased quantities were shipped to these countries in 1937. The total value of exports to all countries in 1937 amounted to $3,670,609:·
Exports of batteries were also well maintained, the principal purchasing countries and values of quantities taken being as follows:-Netherlands East Indies ($415,695), Burma ($302,921), Malaya ($274,260), Ceylon ($231,491),~ Other Countries ($616,589), Total ($1,840,956).
Tin-Although slightly larger quantities of locally refined tin were shipped to Europe and the United States of America, the total volume of exports from Hong Kong during 1937 ($22,207,686) was about 15 per cent lower than in 1936 due to the decreased consumption in North China following the out- break of hostilities there. The price was subject to wide fluctuations. The highest level was H.K. $265 per picul in March and the lowest H.K.$155 per picul at the end of the year.
Lard The total value of lard exported during 1937 amounted to 94,290 piculs valued at $4,057,026, of which 88,507 piculs valued at $3,632,764 was taken by the United Kingdom. The year closed with unfavourable prospects for business in 1938 as the United Kingdom Government has ruled that, to qualify for Imperial Preference, lard must be produced from pigs bred within the Empire. Most of the lard manu- factured in Hong Kong is from the fat of pigs which are imported here from China.
Shipbuilding-During the year the Colony's shipyards had under construction seven passenger ships, one cargo vessel, one naval sloop, one tug, one waterboat, six lighters and five launches, a total of twenty-two vessels of 14,073 tons gross.
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Chapter VII.
COMMERCE.
1. The combined values of imports and exports of mer- chandise in 1937 increased by 35.0% as compared with 1936, and 70.5% as compared with 1935, in terms of local currency. In terms of sterling the total visible trade of the Colony increased by 32.2% in 1937 as compared with 1936 and by 9.0% as compared with 1935, (Details are given in Table I).
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2. Imports of merchandise totalled $6171 (£38.1) millions in 1937, as compared with $452.4 (£28.5) millions in 1936, and $365.0 (£35.8) millions in 1935; whilst exports totalled $467:3 (£28.8) millions in 1937 as compared with $350.9 (£22.1) millions in 1936, and $271.0 (£26.1) millions in 1985.
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