1904-1919
HONG KONG, 1913.
267
7
The total issue of these coins, less those demonetized, now amounts to $36,392,370 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 1913 ten cent pieces of the face value of $1,040,000 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 as well as to the amount of Hong Kong coin minted largely in excess of the needs of the Colony by itself. 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 in 1911. Coin to the face value of $7,607,459 has thus been redeemed. The total issue by the Hong Kong Government was of the face value of about $44,000,000. It is thought 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 1913 amounted to 490,228 vessels, of 37,742,982 tons, which, compared with the figures for 1912, shows an increase of 1,609 vessels, of 1,007,933 tons.
Of the above, 47,529 vessels, of 25,821,652 tons, were engaged in foreign trade, as against 46,603 vessels, of 24,269,270 tons, in 1912, and were distributed as follows:-
1912. Numbers. 1913. Numbers. 1912. Tonnage. 1913. Tonnage. British ocean-going ships 8.4% 8.8% 32.4% 32.7% Foreign ocean-going ships 9.2 9.9 35.3 36.0 British river steamers 15.0 14.0 17.3 15.8 Foreign river steamers 3.8 3.8 3.5 3.6 Steam-launches (under 60 tons) 8.6 9.5 0.6 0.7 Trading junks. 55.0 54.0 10.9 11.2 100.0 100.0 100.0 100.01904-1919
HONG KONG, 1913.
267
7
The total issue of these coins, less those demonetized, now amounts to $36,392,370 nominal value, and they were up to the year 1905 readily absorbed at par, large quantities being taken by the neigh- bouring provinces of China. During 1913 ten cent pieces of the face value of $1,040,000 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 as well as to the amount of Hong Kong coin minted largely in excess of the needs of the Colony by itself. 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 con- tinuously followed since except during a brief period in 1911. Coin to the face value of $7,607,459 has thus been redeemed. The total ssue by the Hong Kong Government was of the face value of about $44,000,000. It is thought 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 1913 amounted to 490,228 vessels, of 37,742,982 tons, which, compared with the figures for 1912, shows an increase of 1,609 vessels, of 1,007,933 tons..
Of the above, 47,529 vessels, of 25,821,652 tons, were engaged in foreign trade, as against 46,603 vessels, of 24,269,270 tons, in 1912, and were distributed as follows:-
1912. Numbers.
1913. Numbers.
1912. Tonnage.
1913. Tonnage.
British ocean-
going ships
8.4%
8.8%
32.4%
32.7%
Foreign ocean-
going ships
9.2
9.9
35.3
36.0
+
British
river
steamers
15.0
14.0
17.3
15.8
Foreign river
steamers
3.8
3.8
3.5
3-6
Steam-launches
(under 60 tons)
8.6
9.5
0.6
0.7
Trading junks.
55.0
54.0
10-9
11.2
100-0
100.0
100-0
100.0
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