1920-1930
63
453
was
violent fluctuations during the year. The market in Indian Yarn ruled steady for the most of the year; the volume of business transacted during the year 108,000 bales, being 30,700 bales more than in 1914. In the piecegoods trade there was a good business in fancy goods, but big stocks of grey and white shirtings accumulated owing to the shortage of dyes. Woollen goods reached a very high price owing to the fact that Home spinners and weavers were busy on war contracts; an opportunity was therefore presented of disposing of stocks harboured in the Colony since 1911. In October and November silk prices reached a very high figure. Exports to Europe amounted to 13,474 bales as against 22,928 in 1914, and exports to America 26,800 bales as against 16,967. There was not much business in opium, stocks having been sold to the Chinese authorities. Imports of Kerosene increased by 10 per cent. Business
in metals was almost at a standstill for want of material. Large profits were made in shipping, freights reaching very high rates. The total shipping entered and cleared during the year amounted to 531,602 vessels of 33,884,919 tons. Floods in the Canton province had a most disastrous effect on trade during the year.
Public Works.-The following buildings were completed during the year :-Married Quarters for Police in Caine Road, a new block in the lower yard of Victoria Gaol (containing 78 cells), a School in the Hill District, new P.W.D. Stores in Bullock Lane, a low-power Wireless Telegraph Station at Cape D'Aguilar, an addition to the Land Office at Tai Po to provide quarters for a Land Bailiff and a Police Station at Lok Ma Chau in the New Territories. A new road, 20 feet wide, connecting the old Aberdeen-Stanley Road with Deep Water Bay, was completed. Upwards of 5,000 lineal feet of stream-courses were trained in the neighbourhood of Aberdeen, in the City and Hill District, and in Kowloon. In the New Territories, the training of the streams in the vicinity of the Railway bungalows at Tai Po was extended. Considerable extensions of sewers in con-
Page 460
Page 461
1920-1930
63
453
was
violent fluctuations during the year. The market in Indian Yarn ruled steady for the most of the year; the volume of business transacted during the year 108,000 bales, being 30,700 bales more than in 1914. In the piecegoods trade there was a good business in fancy goods, but big stocks of grey and white shirtings accumulated owing to the shortage of dyes. Woollen goods reached a very high price owing to the fact that Home spinners and weavers were busy on war contracts; an opportunity was therefore presented of disposing of stocks harboured in the Colony since 1911. In October and November silk prices reached a very high figure. Exports to Europe amounted to 13,474 bales as against 22,928 in 1914, and exports to America 26,800 bales as against 16,967. There was not much business in opium, stocks having been sold to the Chinese authorities. Imports of Kerosene increased by 10 per cent. Business
in metals was almost at a standstill for want of material. Large profits were made in shipping, freights reaching very high rates. The total shipping entered and cleared during the year amounted to 531,602 vessels of 33,884,919 tons. Floods in the Canton province had a most disastrous effect on trade during the year.
Public Works.-The following buildings were completed during the year :-Married Quarters for Police in Caine Road, a new block in the lower yard of Victoria Gaol (containing 78 cells), a School in the Hill District, new P.W.D. Stores in Bullock Lane. a low-power Wireless Telegraph Station at Cape D'Aguilar, an addi- tion to the Land Office at Tai Po to provide quarters for a Land Bailiff and a Police Station at Lok Ma Chau in the New Territories. A new road, 20 feet wide, con- necting the old Aberdeen-Stanley Road with Deep Water Bay, was completed. Upwards of 5,000 lineal feet of stream-courses were trained in the neighbourhood of Aberdeen, in the City and Hill District, and in Kowloon. In the New Territories, the training of the streams in the vicinity of the Railway bungalows at Tai Po was extended. Considerable extensions of sewers in con-
Page 460Page 461
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