446
Hong Kong Annual Administration Reports, 1841-1941
56
nection with the Hong Kong Volunteer Corps formed (March). SS. Tai On pirated (2/4). A Day of Prayer for China in Christian Churches appointed by the Government of China (27/4). A bomb factory seized at Tai Kok Tsui (3/7). Independence of the Kwangtung Province proclaimed by Governor-General Ch'en Chiung-ming (18/7). Lung Chai-kwong advanced from Kwangsi to restore the authority of the Central Government and arrived at Canton (11/8). Severe typhoon (17/8). Diocesan Girls' School opened (September). Many piracies occurred in the waters of the Canton River delta throughout the year.
Trade & Industries.-Exchange rose during the summer months as the result of the issue of the Quintuple Loan and Indian purchases of silver but generally the tendency was downward in consequence of the suspension of the Indian Specie Bank. In December it stood at 1/11. The Indian Yarn trade was the smallest since 1906. Piecegoods may be said to have had an average year. The Woollen trade was bad and there were heavy stocks for which an outlet could not be found. The Sundries market was suffering heavily from the effects of over-speculation during the first and second revolution and there were many failures among the smaller dealers. Japanese competition was strong. The Silk Market was exceptionally good. Exports of Cassia were at the lowest they had been during the past 20 years. The Matting industry was very much hampered owing to the uncertainty of duties due to the U. S. A. tariff revision. Prices were low and very unremunerative to manufacturers. The Metal business opened with boom prices but these were not maintained and declines in all lines set in. The consumption of Kerosine Oil showed a decrease as compared with 1912 due to the general unrest of the people in South China. The Flour import for the year amounted to 5,176,623 bags of a total approximate value of $11,000,000. Imports from America 4,774,623 bags, Canada 320,000, Australia 82,000, a total reduction on 1912 imports of
446
Hong Kong Annual Administration Reports, 1841-1941
56
nection with the Hong Kong Volunteer Corps formed (March). SS. Tai On pirated (2/4). A Day of Prayer for China in Christian Churches appointed by the Govern- ment of China (27/4). A bomb factory seized at Tai Kok Tsui (3/7). Independence of the Kwangtung Province proclaimed by Governor-General Ch'an Kwing- ming (18/7). Lung Chai-kwong advanced from Kwongsi to restore the authority of the Central Government and arrived at Canton (11/8). Severe typhoon (17/8). Diocesan Girls' School opened (September). Many piracies occurred in the waters of the Canton River delta throughout the year.
were
Trade & Industries.-Exchange rose during the summer months as the result of the issue of the Quintuple Loan and Indian purchases of silver but generally the tendency was downward in consequence of the suspen- sion of the Indian Specie Bank. In December it stood at 1/11. The Indian Yarn trade was the smallest since 1906. Piecegoods may be said to have had an average year. The Woollen trade was bad and there heavy stocks for which an outlet could not be found. The Sundries market was suffering heavily from the effects of over-speculation during the first and second revolution and there were many failures among the smaller dealers. Japanese competition was strong. The Silk Market was exceptionally good. Exports of Cassia were at the lowest they had been during the past 20 years. The Matting industry was very much hampered owing to the uncertainty of duties due to the U. S. A. tariff revision, Prices were low and very unre- munerative to manufacturers. The Metal business opened with boom prices but these were not maintained and declines in all lines set in. The consumption of Kerosine Oil shewed a decrease as compared with 1912 due to the general unrest of the people in South China. The Flour import for the year amounted to 5,176,623 bags of a total approximate value of $11,000,000. Imports from America 4,774,623 bags, Canada 320,000, Australia 82,000, a total reduction on 1912 imports of
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