338
6
Hong Kong Annual Administration Reports, 1841-1941
COLONIAL REPORTS-ANNUAL.
The total issue of these coins, less those demonetized, now amounts to $26,292,370 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 1915 ten cent pieces of the face value of $5,100,000 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 $17,707,459 has thus been redeemed. The total issue by the Hong Kong Government was of the face value of about $44,000,000.
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 1915 amounted to 531,602 vessels, of 33,884,919 tons, which, compared with the figures for 1914, shows an increase of 14,163 vessels, with a decrease of 2,872,032 tons.
In local trade (i.e., trade between places within the waters of the Colony) there is an increase in Steam Launches of 8,764 vessels with a decrease in tonnage of 256,650 tons, or 1.9 per cent. in numbers and 20 per cent. in tonnage. This is explained by the fact that smaller launches have taken the place of the larger launches which are being used as Examination Vessels.
In local trade junks there is shown an increase of 6,465 vessels of 149,219 tons, or 17.2 per cent. in numbers and 11.0 per cent. in tonnage. This is explained by the fact that a better control is now exercised, as these crafts have to report themselves and get a permit to pass outward through the Examination Service.
The actual numbers of individual ocean-going vessels of European construction entering during 1915 was 724, of which 310 were British and 414 were foreign. In 1914 the corresponding figures were 825: 385 British and 440 foreign.
These 724 ships measured 1,824,395 tons. They entered 3,824 times, and gave a collective tonnage of 7,181,699 tons. Thus there were 101 fewer ships and 402 fewer entries giving a collective tonnage reduced by 1,286,910 tons, an average of 3,201.2 tons per entry.
The 310 British ships carried 2,790 British officers and 27 foreign officers, the latter consisting of 5 American, 4 Dutch, 7 Swedish, and 11 Norwegian.
Page 345
Page 346
338
6
Hong Kong Annual Administration Reports, 1841-1941
COLONIAL REPORTS-ANNUAL.
The total issue of these coins, less those demonetized, now amounts to $26,292,370 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 1915 ten cent pieces of the face value of $5,100,000 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 $17,707,459 has thus been redeemed. The total issue by the Hong Kong Government was of the face value of about $44,000,000.
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 1915 amounted to 531,602 vessels, of 33,884,919 tons, which, compared with the figures for 1914, shows an increase of 14,163 vessels, with a decrease of 2,872,032 tons.
In local trade (ie. trade between places within the waters of the Colony) there is an increase in Steam Launches of 8,764 vessels with a decrease in tonnage of 256,650 tons, or 1.9 per cent. in numbers and 20 in tonnage. This is explained by the fact that smaller launches have taken the place of the larger launches which are being used as Examination Vessels.
In local trade junks there is shown an increase of 6,465 vessels of 149,219 tons, or 17.2 per cent. in numbers and 11·0 per cent. in tonnage. This is explained by the fact that a better control is now exercised, as these crafts have to report themselves and get a permit to pass outward through the Examination Service.
The actual numbers of individual ocean-going vessels of European construction entering during 1915 was 724, of which 310 were British and 414 were foreign. In 1914 the corresponding figures were 825":- 385 British and 440 foreign.
These 724 ships measured 1,824,395 tons. They entered 3,824 times, and gave a collective tonnage of 7,181,699 tons. Thus there were 101 fewer ships and 402 fewer entries giving a collective tonnage reduced by 1,286,910 tons, an average of 3,201·2 tons per entry.
The 310 British ships carried 2,790 British officers and 27 foreign officers, the latter consisting of 5 American, 4 Dutch, 7 Swedish, and 11 Norwegian.
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