488
Hong Kong Annual Administration Reports, 1841-1941
98.
only in respect of lower quality striped poplins. Clearances in respect of mercerized Cotton brocades were poor owing to the high extra duties levied at Swatow and the lack of confidence on the part of merchants and dealers in Canton following the Red uprising in December 1926. There was a weak and restricted market for rice as a result of the depressed state in consuming centres. Exports fell considerably owing to the heavy import duty in South and Central America. The Sugar markets of the world continued to suffer from over-production and prices during the year were the lowest since the pre-war period. The Tarafa Commission formed in Cuba with the object of inducing other countries to restrict outputs failed in its efforts and restriction was abandoned in Cuba. The increase in the Java crop was attributable to the introduction of a new variety of cane. Soy dealers report better business during the year. Prices remained very steady. The demand for cement for the first eight months was extremely small but later the resuscitation of building in the Colony and road making in the Leung Kwong provinces led to an increased demand. The trade in wood oil was less active than in 1927. Fluctuation in prices was not very wide. With the exception of Mild Steel Bars the local market for metals was quiet, the volume of business being about equal to that of 1927. Trade in Mild Steel Bars showed a very great increase; and prices rose steadily from June onwards. The total exports of China Tin from Hong Kong were the same as in 1927.
Public Works.-1. COMPLETED :- (a) New School, latrine and type house at Wongneichung Development area; new hospital block and reception block at Victoria Gaol; Additional storey, Colonial Secretariat; raising of Time Ball Tower; Block house at Lin Ma Hang; Cheung Chau Anglo-Chinese School. (b) Road construction in Wongneichung Development Area; approach road to New Tung Wah Hospital site, Sookun-
Page 495
Page 496
488
Hong Kong Annual Administration Reports, 1841-1941
98.
only in respect of lower quality striped poplins. Clearances in respect of mercerized Cotton brocades were poor owing to the high extra duties levied at Swatow and the lack of confidence on the part of mer- chants and dealers in Canton following the Red uprising in December 1926. There was a weak and restricted market for rice as a result of the depressed state in consuming centres. Exports fell considerably owing to to the heavy import duty in South and Central America. The Sugar markets of the world continued to suffer from over-production and prices during the year were the lowest since the pre-war period. The Tarafa Com- mission formed in Cuba with the object of inducing other countries to restrict outputs failed in its efforts and restriction was abandoned in Cuba. The increase in the Java crop was attributable to the introduction of a new variety of cane. Soy dealers report better business during the year. Frices remained very steady. The demand for cement for the first eight months was extremely small but later the resuscitation of building in the Colony and road making in the Leung Kwong provinces led to an increased demand. The trade in wood oil was less active than in 1927. Fluctuation in prices was not very wide. With the exception of Mild Steel Bars the local market for metals was quiet, the volume of business being about equal to that of 1927. Trade in Mild Steel Bars shewed a very great increase; and prices rose steadily from June onwards. The total exports of China Tin from Hong Kong were the same as in 1927.
Public Works.-1. COMPLETED :- (a) New School, latrine and type house at Wongneichung Development area; new hospital block and reception block at Victoria Gaol; Additional storey, Colonial Secretariat; raising of Time Ball Tower; Block house at Lin Ma Hang; Cheung Chau Anglo-Chinese School. (b) Road construction in Wongneichung Development Area; approach road to New Tung Wah Hospital site, Sookun-
Page 495Page 496
No comments yet.
Private notes are available after approval.