238
14
Hong Kong Annual Administration Reports, 1841-1941
COLONIAL REPORTS—ANNUAL.
1911.
Gross Vessels. I.H.P. Tons. Taikoo Dockyard and Engineering Co., Ld. *** 9 2,281 3,650 Hong Kong and Whampoa Dock Co, Ld. 13 552 703 206 W. S. Bailey & Co. *** 30 408 413 Macdonald & Co. 1 1 210 *** Ulderup and Schluter *** 2 *** *** Tung Hing Lung atösög 173 860 250 Kwong Tak Hing 192 48 76 73 W. C. Jack & Co. 3,883 6,669 Kwong Hip Lung & Co., Ld. TotalSugar Refineries.-The year 1912 has on the whole been an unfavourable one for the local refined sugar industry. China has not yet recovered from the effects of the Revolution, and until confidence is fully restored merchants are apparently content to adopt a hand-to-mouth buying policy. Apart from this the European beet crop has been a record one, latest estimates promising an excess of about 2 million tons over that of 1911: and, with beet and cane combined, a surplus in the world's production of about 1 million tons over that of any previous season. The result has been a very considerable decline in the world's prices, with a consequent unsettling reaction in Far Eastern markets.
Cotton Spinning.-Since the termination of the Revolution in China there has been considerable improvement in the yarn trade, and the year closed with the industry in a healthy condition in China. The local mill has worked full time throughout the year and has benefited by the better conditions.
Rope Manufacturing.-The most distinguishing feature of the year has been the extraordinary rise in the price of hemp in the Philippines, ranging from 60 per cent. to 80 per cent. from the beginning to the end of the year. The full effect of this upon the rope industry has yet to be shown, and if the price is maintained it is feared that consumption of the finished article is likely to be curtailed in favour of rope made from an inferior fibre or from steel.
Cement. There has been an increased demand in the Far East throughout the year. An embargo was placed in July on the export of limestone from the Kwang Tung Province by the authorities at Canton which seriously interfered with the output of the local Green Island Cement Company, and forced the Company to have recourse to Haiphong for supplies, and at the end of the year the matter remained still unsettled. Owing to the coal strikes and labour troubles in England and Europe, and higher outward freights, supplies from home have been much restricted, and prices in some markets became enhanced, but every year the numerous factories in this part of the world are increasing the consumer's independence of Europe.
Page 245
Page 246
238
14
Hong Kong Annual Administration Reports, 1841-1941
COLONIAL REPORTS—ANNUAL.
1911.
Gross
Vessels.
I.H.P.
Tops.
Taikoo Dockyard and Engineering Co., Ld. Hong Kong and Whampoa Dock Co, Ld. W. S. Bailey & Co.
Macdonald t Co. Ulderup and Schluter
Tung Hing Lung
Kwong Tak Hiug W. C. Jack & Co.
***
***
Kwong Hip Lung ‡ Co., Lư.
Total
9
2,281
3.650
13
552
703
206
413
30
408
1
1
210
***
2
***
***
atösög
173
860.
250
192
48
76.
73
3,883
6,669
Sugar Refineries.-The year 1912 has on the whole been an unfavourable one for the local refined sugar industry. China has not yet recovered from the effects of the Revolution, and until con- fidence is fully restored merchants are apparently content to adopt a haud-to-mouth buying policy. Apart from this the European beet crop has been a record oue, latest estimates promising an excess of about 2 million tons over that of 1911: and, with beet and cane combined, a surplus in the world's production of about 1 million tons over that of any previous season. The result has been a very considerable decline in the world's prices, with a consequent unsettling reaction in Far Eastern markets.
Cotton Spinning.-Since the termination of the Revolution in China there has been considerable improvement in the yarn trade, and the year closed with the industry in a healthy condition in China. The local mill has worked full time throughout the year and has benefited by the better conditions.
Rope Manufacturing.-The most distinguishing feature of the year has been the extraordinary rise in the price of hemp in the Philippines, ranging from 60 per cent. to 80 per cent. from the beginning to the end of the year. The full effect of this upon the rope industry has yet to be shown, and if the price is maintained it is feared that consumption of the finished article is likely to be curtailed in favour of rope made from an inferior fibre or from steel.
Cement. There has been an increased demand in the Far East throughout the year. An embargo was placed in July on the export of limestone from the Kwang Tung Province by the authori, ties at Canton which seriously interfered with the output of the local Green Island Cement Company, and forced the Company to have recourse Haiphong for supplies, and at the end of the year the matter remained still unsettled. Owing to the coal strikes and labour troubles in England and Europe, and higher outward freights, supplies from home have been much restricted, and prices in some markets became enhanced, but every year the numerous factories in this part of the world are increasing the consumer's independence of Europe.
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