1920-1930
101
491
woollens. Business in hosiery manufactured at local knitting factories compared unfavourably with that of 1928 but the position at the end of the year shewed signs of improvement. Civil strife in China and the fall in the exchange in October rendered the position in the flour trade difficult though a freight-war reduced transport costs. The rice export business was disappointing. Soy dealers reported an increased demand. Over production in sugar combined with the general lack of confidence was responsible for new low mark in the price. Exports of wood-oil were better than in 1928. The highest price Hong Kong $38 per picul was reached in November when stocks were low and arrivals irregular. There was a steady demand for cement but prices were low due to severe Japanese competition. In mild steel bars the volume of trade was larger than in 1928 but that in Wire-products smaller. Exports of China Tin from Hong Kong were up owing to the more active demand from U.S.A.
Public Works.-1. COMPLETED :-(a) Reconstruction of the ball-room at Government House; Wireless Telegraph Station, the Peak; Shamshuipo Market extension. (b) Two bridle tracks viz Lady Clementi's Ride from Aberdeen New Road to Deep Water Bay Road and Sir Cecil's Ride from Wongneichung Gap to Mount Parker Road: Argyle Street extension; the portion of Nathan Road between Salisbury Road and Gascoigne Road strengthened with reinforced cement concrete tar-painted. (c) Stanley District Water Supply; mains laid to Tung Wah Eastern Hospital, in Lyttleton Road and Breezy Path, in Shaukiwan Road, on the Praya East Reclamation; in Kowloon, Kowloon Tong Estate and Shamshuipo; Diamond Hill Dairy Supply; various works of the Shing Mun Scheme. (d) Praya East Reclamation at Tsun Wan. (e) Wongneichung Nullah, section No. 4; new sewers and storm drains on the Praya East reclamation and in New Kowloon. (f) Pier at Tsun Wan and at Sham Tseng.
1920-1930
101
491
woollens. Business in hosiery manufactured at local knitting factories compared unfavourably with that of 1928 but the position at the end of the year shewed signs of improvement. Civil strife in China and the fall in the exchange in October rendered the position in the flour trade difficult though a freight-war reduced transport costs. The rice export business was dis- appointing. Soy dealers reported an increased demand. Over production in sugar combined with the general lack of confidence was responsible for new low mark in the price. Exports of wood-oil were better than in 1928. The highest price Hong Kong $38 per picul was reached in November when stocks were low and arrivals irregular. There was a steady demand for cement but prices were low due to severe Japanese competition. In mild steel bars the volume of trade was larger than in 1928 but that in Wire-products smaller. Exports of China Tin from Hong Kong were up owing to the more active demand from U.S.A.
Public Works.-1. COMPLETED :-(a) Recon- struction of the ball-room at Government House; Wireless Telegraph Station, the Peak; Shamshuipo Market exten- sion. (b) Two bridle tracks riz Lady Clementi's Ride from Aberdeen New Road to Deep Water Bay Road and Sir Cecil's Ride from Wongneichung Gap to Mount Parker Road: Argyle Street extension; the portion of Nathan Road between Salisbury Road and Gascoigne Road strengthened with reinforced cement concretè tarpainted. (c) Stanley District Water Supply; mains laid to Tung Wah Eastern Hospital, in Lyttleton Road and Breezy Path, in Shaukiwan Road, on the Praya East Reclamation; in Kowloon, Kowloon Tong Estate and Shamshuipo; Diamond Hill Dairy Supply; various works of the Shing Mun Scheme. (d) Praya East Reclamation at Tsun Wan. (e) Wongneichung Nullah, section No. 4; new sewers and storm drains on the Prava East reclamation and in New Kowloon. (f) Pier at Tsun Wan and at Sham Tseng.
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