432
4
Hong Kong Annual Administration Reports, 1841-1941
COLONIAL REPORTS-ANNUAL.
For the period 1910-1919 the assessment of the whole Colony has risen from $11,082,179 to $16,304,801, an increase in rateable value of $5,222,622.
The circulation on the 31st December of notes of the three Banks having authorised issues was as follows:-
Hongkong & Shanghai Banking Corporation Chartered Bank of India, Australia, & China Mercantile Bank of India, Limited
$24,874,290
$10,454,944
$969,276
$36,298,510
The currency of the Colony consists, in addition to the notes of these Banks, of British, Hongkong, and Mexican Dollars and of subsidiary coin, which continued at par throughout the year.
The total issue of subsidiary coins less those demonetized, now amounts to $20,764,370 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 1916 ten cent pieces of the face value of $5,028,000 were shipped to Calcutta for purposes of demonetization. The discount which prevailed between 1905 and 1916 may be attributed to the immense quantity of similar coin which was minted at Canton as well as to the amount of Hongkong coin minted largely in excess of the needs of the Colony by itself. In 1905 the Hongkong Government ceased to issue any subsidiary coin and in 1906 it began a policy of demonetising all its subsidiary coin received as revenue. This policy was continuously followed till 1918 except during a brief period in 1911. Coin to the face value of $23,235,459 has thus been redeemed. The total issue by the Hongkong Government was of the face value of about $44,000,000.
II.-SHIPPING AND TRADE, INDUSTRIES, FISHERIES, AGRICULTURE, AND LAND. (a.)-SHIPPING.
The total of the Shipping entering and clearing at Ports in the Colony during the year 1919 amounted to 649,168 vessels of 35,615,169 tons, which, compared with the figures for 1918, shows an increase of 69,627 vessels, with an increase of 6,096,980 tons.
Of the above, 41,985 vessels of 21,072,129 tons were engaged in Foreign Trade, as compared with 43,436 vessels of 16,955,332 tons in 1918, and were distributed as follows :—
1919 1918 1918 1919 Numbers Numbers Tonnage Tonnage % % % % British Ocean-going Ships 9.2 5.6 32.4 21.4 Foreign Ocean-going Ships 12.6 9.8 36.2 36.1 British River Steamers 13.2 13.3 15.4 20.3 Foreign River Steamers 3.8 3.5 2.9 3.6 Steam Launches (under 60 tons) 11.9 13.8 0.8 1.1 Trading Junks 49.3 54.0 12.3 17.5 100.0 100.0 100.0 100.0N.B.-The movements of Fishing Junks are not included in this Table.
432
4
Hong Kong Annual Administration Reports, 1841-1941
COLONIAL REPORTS-ANNUAL.
For the period 1910-1919 the assessment of the whole Colony has risen from $11,082,179 to $16,304,801, an increase in rateable value of $5,222,622.
The circulation on the 31st December of notes of the three Banks having authorised issues was as follows:-
Hongkong & Shanghai Banking Corporation Chartered Bank of India, Australia, & China Mercantile Bank of India, Limited
$24,874,290
10,454,944
969,276
$36,298,510
The currency of the Colony consists, in addition to the notes of these Banks, of British, Hongkong, and Mexican Dollars and of subsidiary coin, which continued at par throughout the year.
The total issue of subsidiary coins less those demonetized, now amounts to $20,764,370 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 1916 ten cent pieces of the face value of $5,028,000 were shipped to Calcutta for purposes of demonetization. The discount which prevailed between 1905 and 1916 may be attributed to the immense quantity of similar coin which was minted at Canton as well as to the amount of Hongkong coin minted largely in excess of the needs of the Colony by itself. In 1905 the Hongkong Government ceased to issue any subsidiary coin and in 1906 it began a policy of demonetising all its subsidiary coin received as revenue. This policy was continuously followed till 1918 except during a brief period in 1911. Coin to the face value of $23,235,459 has thus been redeemed. The total issue by the Hongkong Government was of the face value of about $44,000,000.
II.-SHIPPING AND TRADE, INDUSTRIES, FISHERIES, AGRICULTURE, AND LAND. (a.)-SHIPPING.
The total of the Shipping entering and clearing at Ports in the Colony during the year 1919 amounted to 649,168 vessels of 35,615,169 tons, which, compared with the figures for 1918, shows an increase of 69,627 vessels, with an increase of 6,096,980 tons.
Of the above, 41,985 vessels of 21,072,129 tons were engaged in Foreign Trade, as compared with 43,436 vessels of 16,955,332 tons in 1918, and were distributed as follows :—
1919.
1918.
1918. 1919. Numbers. Numbers. Tonnage. Tonnage.
%
%
%
%
British Ocean-going Ships
5.6
9.2
21.4
32.4
Foreign Ocean-going Ships
9.8
12.6
36.1
36.2
British River Steamers
13.3
13.2
20.3
15.4
Foreign River Steamers
3.5
3.8
3.6
2.9
Steam Launches (under 60
tons)
13.8
11-9
1.1
0.8
Trading Junks
54.0
49.3
17.5
12:3
100-0
100.0
100.0
100.0
N.B.-The movements of Fishing Junks are not included in
this Table.
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