1904-1919
HONG KONG, 1912.
231
7
The total issue of these coins, less those demonetized, amounts to some $37,432,370 nominal value, and they were, up to the year 1905, readily absorbed at par, large quantities being taken by the neighbouring provinces of China. During 1912 twenty and ten cent pieces of the face value of $40,000 and $1,000,000 respectively were shipped to England for purposes of demonetization. The discount which has prevailed since 1905 may be attributed to the immense quantity of similar coin which has latterly been minted at Canton. In 1905 the Hong Kong Government ceased to issue any subsidiary coin and in 1906 it began a policy of demonetizing all its subsidiary coin received as revenue. This policy has been continuously followed since except during a brief period of 1911. Coin to the face value of about $7,000,000 has thus been redeemed. The total issue by the Hong Kong Government was of the face value of about $44,000,000. It is calculated that about half of that amount has dropped out of circulation.
II.—TRADE AND SHIPPING, INDUSTRIES, FISHERIES, AGRICULTURE, AND LAND.
(a.)—SHIPPING AND TRADE.
The total of the shipping entering and clearing at ports in the Colony during the year 1912 amounted to 488,649 vessels, of 36,735,149 tons, which, compared with the figures for 1911, shows a decrease of 54,546 vessels with an increase of 555,997 tons.
The decrease in numbers of vessels is entirely in local trade. Of the above, 46,603 vessels, of 24,269,270 tons, were engaged in foreign trade, as against 44,978, of 23,063,108 tons, in 1911, and were distributed as follows:-
1911 1912 1912 1911 Per cent. Per cent. Per cent. Per cent. Numbers Numbers Tonnage Tonnage British ocean-going ships 10.5 8.4 35.0 32.4 Foreign ocean-going ships 10.6 9.2 35.0 35.3 British river steamers 16.0 15.0 17.3 17.3 Foreign river steamers. 3.3 3.8 3.0 3.5 Steam-launches (under 60 tons) 7.7 8.6 0.6 0.6 Trading junks 51.9 55.0 9.1 10.9 Total 100.0 100.0 100.0 100.0***
The movements of fishing junks are not included in the above figures.
Of ships of European construction, 4,154 ocean steamers, 1 sailing ship, 4,351 river steamers, and 1,976 steam-launches (not exceeding 60 tons) entered during the year, giving a daily average entry of 28.7 ships, as compared with 26.9 in 1911, and 26.7 in 1910.
1904-1919
HONG KONG, 1912.
231
7
The total issue of these coins, less those demonetized, amounts to some $37,432,370 nominal value, and they were, up to the year 1905, readily absorbed at par, large quantities being taken by the neighbouring provinces of China. During 1912 twenty and ten cent pieces of the face value of $40,000 and $1,000,000 respec- tively were shipped to England for purposes of demonetization. The discount which has prevailed since 1905 may be attributed to the immense quantity of similar coin which has latterly been minted at Canton. In 1905 the Hong Kong Government ceased to issue any subsidiary coin and in 1906 it began a policy of demonetizing all its subsidiary coin received as revenue. This policy has been continuously followed since except during a brief period of 1911. Coin to the face value of about $7,000,000 has thus been redeemed. The total issue by the Hong Kong Govern- ment was of the face value of about $44,000,000. It is calculated that about half of that amount has dropped out of circulation.
II.-TRADE AND SHIPPING, INDUSTRIES, FISHERIES, AGRICULTURE, AND LAND.
(a.)—SHIPPING AND TRADE.
The total of the shipping entering and clearing at ports in the Colony during the year 1912 amounted to 488,649 vessels, of 36,735,149 tons, which, compared with the figures for 1911, shows a decrease of 54,546 vessels with an increase of 555,997 tons.
The decrease in numbers of vessels is entirely in local trade. Of the above, 46,603 vessels, of 24,269,270 tons, were engaged in foreign trade, as against 44,978, of 23,063,108 tons, in 1911, and were distributed as follows:-
1911.
1912.
1912. Numbers. Numbers. Tonnage. Tonnage.
1911.
Per cent.
Per cent.
Per cent. Per cent.
British ocean-going ships
10.5
8.4
35.0
32.4
Foreign ocean-going ships
10-6
9.2
35-0
35.3
British river steamers
16-0
15.0
17.3
17.3
Foreign river steamers.
3.3
3-8
3.0
3.5
Steam-launches (under 60 tons) Trading junks
7-7
8.6
0.6
0.6
51.9
55.0
9.1
10.9
Total
100.0
100.0
100.0
100.0
***
The movements of fishing junks are not included in the above figures.
Of ships of European construction, 4,154 ocean steamers, 1 sailing ship, 4,351 river steamers, and 1,976 steam-launches (not exceeding 60 tons) entered during the year, giving a daily aver age entry of 28-7 ships, as compared with 26-9 in 1911, and 26-7 in 1910.
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