490
Hong Kong Annual Administration Reports, 1841-1941
100
Loon Sub-Agency with offices in the Peninsula Hotel (2/1). Wreck of the s.s. Hsin Wah off Waglan Lighthouse (16/1). Opening of the New Wesleyan Sailors' and Soldiers' Home (30/1). Arrival of H.E. Major-General J. W. Sandilands C.B., C.M.G., D.S.O., the new General Officer Commanding, China Command (20/2). Unveiling of the portrait of Sir F. H. May, G.C.M.G., LL.D., D.C.L., by H.E. the Governor Sir C. Clementi, K.C.M.G., at the European Y.M.C.A. (21/2). King Edward Hotel Fire (11/3). Water Emergency Committee (1/7-27/8). Wreck of the Chinese Emigrant s.s. Lok Sun off Samun Island (15/7). Piracy of a fishing junk off Cheung Chau Island (18/8). Colony swept by severe Typhoon (22/8). Visit to Manila by H.E. the Governor, Sir C. Clementi, K.C.M.G. (1/10-27/10). Opening of the Wireless Broadcasting Studio at Post Office by H.E. the Officer Administering the Government, Mr. W. T. Southorn, C.M.G. (8/10). Opening of the first Radio Exhibition in the Colony by the Hon. Mr. W. T. Southorn, C.M.G. (5/12). Piracy of the s.s. Haiching (8/12). Formation of the Hong Kong Flying Club (20/12).
Trade & Industry.—Exchange opened at 2/01 and fell gradually to 1/102 in September. By the end of October, following the return of local currency to a silver basis, it had dropped to 1/84. In December it stood at 1/84. Trade suffered from severe depression due to the continuance of civil war in China. In piece goods and fancy cotton piece goods heavy shipments were made prior to the new tariff on 1st February, but after Chinese New Year the internal strife in China and the depreciation of Central Bank notes proved a serious deterrent to trade. The exchange adjustment in October brought a small improvement. In grey and white shirtings the lifting of the Japanese boycott and subsequent inroads of Japanese competition resulted in rapid decrease in British goods. The adverse factors outlined in regard to cottons apply equally to
490
Hong Kong Annual Administration Reports, 1841-1941
100
loon Sub-Agency with offices in the Peninsula Hotel (2/1). Wreck of the s.s. Hsin Wah off Waglan Light- house (16/1). Opening of the New Wesleyan Sailors' and Soldiers' Home (30/1). Arrival of H.E. Major- General J. W. Sandilands C.B., C.M.G., D.S.O., the new General Officer Commanding, China Command (20/2). Unveiling of the portrait of Sir F. H. May, G.C.M.G., LL.D., D.C.L., by H.E. the Governor Sir C. Clementi, K.C.M.G., at the European Y.M.C.A., (21/2). King Edward Hotel Fire (11/3). Water Emergency Committee (1/7-27/8). Wreck of the Chinese Emigrant s.s. Lok Sun off Samun Island (15/7). Piracy of a fishing junk off Cheung Chau Island (18/8). Colony swept by severe Typhoon (22/8). Visit to Manila by H.E. the Governor, Sir C. Clementi, K.C.M.G., (1/10-27/10). Opening of the Wireless Broadcasting Studio at Post Office by H.E. the Officer Administering the Government, Mr. W. T. Southorn, C.M.G. (8/10). Opening of the first Radio Exhibition in the Colony by the Hon. Mr. W.T. Southorn, C.M.G. (5/12). Piracy of the s.s. Haiching (8/12). Formation of the Hong Kong Flying Club (20/12).
Trade & Industry.-Exchange opened at 2/01 and fell gradually to 1/102 in September. By the end of October, following the return of local currency to to a silver basis, it had dropped to 1/84. In December it stood at 1/84. Trade suffered from severe depression due to the continuance of civil war in China. In piece goods and fancy cotton piece goods heavy ship- ments were made prior to the new tariff, on 1st February but after Chinese New Year the internal strife in China and the depreciation of Central Bank notes proved a serious deterrent to trade. The exchange adjustment in October brought a small improvement. In grey and white shirtings the lifting of the Japanese boy- cott and subsequent inroads of Japanese competition resulted in rapid decrease in British goods. The adverse factors outlined in regard to cottons apply equally to
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