480
Hong Kong Annual Administration Reports, 1841-1941
90
General Strike declared (20/6). Hong Kong Volunteers mobilised (21/6). Attack on Shameen (23/6). Arrival of Vice-Admiral Sir E. Alexander-Sinclair, K.C.B., M.V.O. (25/6). New National Government inaugurated in Canton (3/7). Po Hing Fong collapse, in which Mr. Chau Sui Ki was killed (18/7). Postponement of June Settlement by the Legislative Council (20/7). Piracy of s.s. Kwok Ning (5/10). Opening of new wing, St. Joseph's College (23/10). Sir R. E. Stubbs left for Home (31/10). Arrival of the new Governor, Mr. C. Clementi (1/11). Sir M. Nathan, a former Governor, visited Hong Kong (10/11). Opening of new Y.M.C.A. at Kowloon (26/11). H.E. the Governor met Elders of New Territories (5/12).
Trade & Industry.-Exchange opened at 2/33 and dropped to 2/23 in May. At the beginning of September it had risen to 2/5 and at the end of December it stood at 2/44. In raw cotton and yarn imports showed little change, prices fluctuating within only narrow limits. Business in piece goods was only 40% of a normal year, the strike and boycott causing heavy losses. In woollens a fair trade was done until the boycott commenced when business came to a stand-still. The year opened with some activity for the new crop of rice but business ceased after outbreak of the boycott. The end of the year showed no prospects of improvement. Prices of raw sugar continued to fall owing to increase in the world's sugar crop. The year commenced with heavy stocks of flour which were reduced on account of sudden rise in the world's wheat prices. Shipments to Canton and coast ports were regular until the boycott. Soy prices remained as in 1924 - about $24 per cask of 1.10 piculs. The Coast prices of groundnuts as compared with North China were high, and therefore exports to Europe practically ceased. Wood oil prices remained as in 1924. Prices of gunny bags ruled much higher than in 1924 though the boycott affected local trade. There was a fair demand for cement at low prices for the first 6 months but business suffered
480
Hong Kong Annual Administration Reports, 1841-1941
90
General Strike declared (20/6). Hong Kong Volunteers mobilised (21/6). Attack on Shameen (23/6). Arrival of Vice-Admiral Sir E. Alexander-Sinclair, K.C.B., M.V.O. (25/6). New National Government inaugurated in Canton (3/7). Po Hing Fong collapse, in which Mr. Chau Sui Ki was killed (18/7). Postponement of June Settlement by the Legislative Council (20/7). Piracy of s.s. Kwok Ning (5/10). Opening of new wing, St. Joseph's College (23/10). Sir R. E. Stubbs left for Home (31/10). Arrival of the new Governor, Mr. C. Clementi (1/11). Sir M. Nathan, a former Governor, visited Hong Kong (10/11). Opening of new Y.M.C.A. at Kowloon (26/11). H.E. the Governor met Elders of New Territories (5/12).
Trade & Industry.-Exchange opened at 2/33 and dropped to 2/23 in May. At the beginning of September it had risen to 2/5 and at the end of December it stood at 2/44. In raw cotton and yarn imports showed little change, prices fluctuating within only narrow limits. Business in piece goods was only 40% of a normal year, the strike and boycott causing heavy losses. In woollens a fair trade was done until the boycott commenced when business came to a stand- still. The year opened with some activity for the new crop of rice but business ceased after outbreak of the boycott. The end of the year shewed no prospects of improvement. Prices of raw sugar continued to fall owing to increase in the world's sugar crop. The year commenced with heavy stocks of flour which were re- duced on account of sudden rise in the world's wheat prices. Shipments to Canton and coast ports were re- gular until the boycott. Soy prices remained as in 1924 -about $24 per cask of 1.10 piculs. The Coast prices of groundnuts as compared with North China were high, and therefore exports to Europe practically ceased. Wood oil prices remained as in 1924. Prices of gunny bags ruled much higher than in 1924 though the boycott affected local trade. There was a fair demand for cement at low prices for the first 6 months but business suffered
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