1887-1903
HONG KONG, 1993.
The net increase under this head amounts to 21,847 tons. In exports there is an increase reported of 24,252 tons.
395
11
In transit cargo there is an increase reported of 502,553 tons. The total reported import trade of the port for 1903 amounted to 24,819 vessels of 10,959,293 tons, carrying 7,392,320 tons of cargo, of which 4,517,370 tons were discharged at Hong Kong. This does not include the number, tonnage, or cargo of junks or steam launches employed in local trade.
Similarly, the export trade from the port was represented by 24,966 vessels of 10,944,055 tons, carrying 3,034,683 tons cargo, and shipping 675,891 tons of bunker coal.
Eighty-three thousand three hundred and eighty-four (83,384) emigrants left Hong Kong for various places during the year; of these, 55,681 were carried by British ships and 27,703 by foreign ships; 140,551 were reported as having been brought to Hong Kong from places to which they had emigrated, and of these, 107,166 were brought in British ships and 33,385 by foreign ships.
The total revenue collected by the Harbour Department during the year was $285,288.42, being an increase of $18,522.43 on the previous year :-
1. Light dues 74,960.00 2. Licences and Internal Revenue 55,475.50 3. Fees of Court and Office 154,852.92 Total 285,288.42(B.) INDUSTRIES,
The conditions of the sugar industry in the Colony during 1903 were much more favourable than in the previous year, when a serious collapse in prices was experienced all over the world, rendering profitable working impossible. In contrast to the wide range of prices during 1902, fluctuations were much more moderate, and with values at a low level the consumption of sugar showed a considerable advance, especially in the China market. This steadiness in prices may be attributed to the passing in the spring of 1902 of the Brussels Sugar Convention, under which European sugar bounties were abolished, and which came into operation on the 1st September, 1903. The markets in Europe, however, were still overstocked as the result of enormous over-production in previous years, so that the full effect of the abolition of bounties has not been felt. When such stocks have been worked off the sugar trade generally will be relieved of a factor which has hitherto accentuated its necessarily speculative nature, and there is no reason why the local refineries should not share in the benefits likely to result.
1887-1903
HONG KONG, 1993.
The net increase under this head amounts to 21,847 tons. In exports there is an increase reported of 24,252 tons.
395
11
In transit cargo there is an increase reported of 502,553 tons. The total reported import trade of the port for 1903 amounted to 24,819 vessels of 10,959,293 tons, carrying 7,392,320 tons of cargo, of which 4,517,370 tons were discharged at Hong Kong. This does not include the number, tonnage, or cargo of junks or steam launches employed in local trade.
Similarly, the export trade from the port was represented by 24,966 vessels of 10,944,055 tons, carrying 3,034,683 tons cargo, and shipping 675,891 tons of bunker coal.
Eighty-three thousand three hundred and eighty-four (83,384) emigrants left Hong Kong for various places during the year; of these, 55,681 were carried by British ships and 27,703 by foreign ships; 140,551 were reported as having been brought to Hong Kong from places to which they had emigrated, and of these, 107,166 were brought in British ships and 33,385 by foreign ships.
The total revenue collected by the Harbour Department during the year was $285,288.42, being an increase of $18,522.43 on the previous year :-
1. Light dues
74,960.00
2. Licences and Internal Revenue 55,475.50
3. Fees of Court and Office
Total
(B.) INDUSTRIES,
154,852.92
285,288.42
The conditions of the sugar industry in the Colony during 1903 were much more favourable than in the previous year, when a serious collapse in prices was experienced all over the world, rendering profitable working impossible. In contrast to the wide range of prices during 1902, fluctuations were much more moderate, and with values at a low level the consumption of sugar showed a considerable advance, especially in the China market. This steadiness in prices may be attributed to the passing in the spring of 1902 of the Brussels Sugar Convention, under which Enropean sugar bounties were abolished, and which came into operation on the 1st September, 1903. The markets in Europe, however, were still overstocked as the result of enormous over- production in previous years, so that the full effect of the abolition of bounties has not been felt. When such stocks have been worked off the sugar trade generally will be relieved of a factor which has hitherto accentuated its necessarily speculative nature, and there is no reason why the local refineries should not share in the benefits likely to result.
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