HKG-CAR1920-1930 — Page 64

Administrative Reports 行政報告書 All AI Reviewed
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HONGKONG, 1922.

57

10

5

The amount of the consolidated loan stands at £1,485,733. Against this there is at credit of the Sinking Fund a sum of £399,591. The Local Loan under Ordinance No. 12 of 1916 amounts to $3,000,000, and there are the sums of $906,699 and £93,657 at credit of the Sinking Fund.

During the period 1913-1922 the assessment of the whole Colony has risen from $12,435,812 to $19,805,929, an increase in rateable value of $7,370,117.

The circulation on the 31st December of notes of the three Banks having authorised issues was as follows:—

Hongkong & Shanghai Banking Corporation $34,974,774 Chartered Bank of India, Australia, & China $11,239,602 Mercantile Bank of India, Limited $1,364,413 $47,578,789

The currency of the Colony consists, in addition to the notes of these Banks, of British, Hongkong, and Mexican Dollars and of subsidiary coin, which continued at par throughout the year.

The total issue of subsidiary coins less those demonetized now amounts to $18,789,370 nominal value, and they were up to the year 1905 readily absorbed at par, large quantities being taken by the neighbouring provinces of China. During 1916 10 cent pieces of the face value of $5,028,000 were shipped to Calcutta for purposes of demonetization. The discount which prevailed between 1905 and 1916 may be attributed to the immense quantity of similar coin which was minted at Canton as well as to the amount of Hongkong coin minted largely in excess of the needs of the Colony by itself. In 1905 the Hongkong Government ceased to issue any subsidiary coin and in 1906 it began a policy of demonetizing all its subsidiary coin received as revenue. This policy was continuously followed till 1918 except during a brief period in 1911. Coin to the face value of $21,235,459 has thus been redeemed. The total issue by the Hongkong Government was of the face value of about $44,000,000.

II.—SHIPPING AND TRADE, INDUSTRIES, FISHERIES, AGRICULTURE, AND LAND.

(a)—SHIPPING.

The total of the shipping entering and clearing at ports in the Colony during the year 1922 amounted to 708,244 vessels of 46,566,764 tons, which, compared with the figures for 1921, shows an increase of 35,564 vessels, with an increase of 3,145,994 tons. Of the above, 50,427 vessels of 29,543,564 tons were engaged in foreign trade, as compared with 52,222 vessels of 27,852,616 tons in 1921.

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HONGKONG, 1922. 57 10 5 The amount of the consolidated loan stands at £1,485,733. Against this there is at credit of the Sinking Fund a sum of £399,591. The Local Loan under Ordinance No. 12 of 1916 amounts to $3,000,000, and there are the sums of $906,699 and £93,657 at credit of the Sinking Fund. During the period 1913-1922 the assessment of the whole Colony has risen from $12,435,812 to $19,805,929, an increase in rateable value of $7,370,117. The circulation on the 31st December of notes of the three Banks having authorised issues was as follows:— Hongkong & Shanghai Banking Corporation $34,974,774 Chartered Bank of India, Australia, & China $11,239,602 Mercantile Bank of India, Limited $1,364,413 $47,578,789 The currency of the Colony consists, in addition to the notes of these Banks, of British, Hongkong, and Mexican Dollars and of subsidiary coin, which continued at par throughout the year. The total issue of subsidiary coins less those demonetized now amounts to $18,789,370 nominal value, and they were up to the year 1905 readily absorbed at par, large quantities being taken by the neighbouring provinces of China. During 1916 10 cent pieces of the face value of $5,028,000 were shipped to Calcutta for purposes of demonetization. The discount which prevailed between 1905 and 1916 may be attributed to the immense quantity of similar coin which was minted at Canton as well as to the amount of Hongkong coin minted largely in excess of the needs of the Colony by itself. In 1905 the Hongkong Government ceased to issue any subsidiary coin and in 1906 it began a policy of demonetizing all its subsidiary coin received as revenue. This policy was continuously followed till 1918 except during a brief period in 1911. Coin to the face value of $21,235,459 has thus been redeemed. The total issue by the Hongkong Government was of the face value of about $44,000,000. II.—SHIPPING AND TRADE, INDUSTRIES, FISHERIES, AGRICULTURE, AND LAND. (a)—SHIPPING. The total of the shipping entering and clearing at ports in the Colony during the year 1922 amounted to 708,244 vessels of 46,566,764 tons, which, compared with the figures for 1921, shows an increase of 35,564 vessels, with an increase of 3,145,994 tons. Of the above, 50,427 vessels of 29,543,564 tons were engaged in foreign trade, as compared with 52,222 vessels of 27,852,616 tons in 1921.
Baseline (Original)
1920-1930 HONGKONG, 1922. 57 10 5 The amount of the consolidated loan stands at £1,485,733. Against this there is at credit of the Sinking Fund a sum of £399,591. The Local Loan under Ordinance No. 12 of 1916 amounts to $3,000,000, and there are the sums of $906,699 and £93,657 at credit of the Sinking Fund. During the period 1913-1922 the assessment of the whole Colony has risen from $12,435,812 to $19,805,929, an increase in rateable value of $7,370,117. The circulation on the 31st December of notes of the three Banks having authorised issues was as follows :— Hongkong & Shanghai Banking Cor- poration Chartered Bank of India, Australia, & China Mercantile Bank of India, Limited $34,974,774 11,239,602 1,364,413 $47,578,789 The currency of the Colony consists, in addition to the notes of these Banks, of British, Hongkong, and Mexican Dollars and of subsidiary coin, which continued at par throughout the year. The total issue of subsidiary coins less those demonetized now amounts to $18,789,370 nominal value, and they were up to the year 1905 readily absorbed at par, large quantities being taken by the neighbouring provinces of China. During 1916 10 cent pieces of the face value of $5,028,000 were shipped to Calcutta for purposes of demonetization. The discount which prevailed between 1905 and 1916 may be attributed to the immense quantity of similar coin which was minted at Canton as well as to the amount of Hongkong coin minted largely in excess of the needs of the Colony by itself. In 1905 the Hongkong Government ceased to issue any subsidiary coin and in 1906 it began a policy of demonetizing all its subsidiary coin received as revenue. This policy was continuously followed till 1918 except during a brief period in 1911. Coin to the face value of $21,235,459 has thus been redeemed. The total issue by the Hongkong Government was of the face value of about $44,000,000. II.-SHIPPING AND TRADE, INDUSTRIES, FISHERIES, AGRICULTURE, AND LAND. (a.)-SHIPPING. The total of the shipping entering and clearing at ports in the Colony during the year 1922 amounted to 708,244 vessels of 46,566,764 tons, which, compared with the figures for 1921, shows an increase of 35,564 vessels, with an increase of 3,145,994 tons. Of the above, 50,427 vessels of 29,543,564 tons were engaged in foreign trade, as compared with 52,222 vessels of 27,852,616 tons in 1921.
2026-05-11 00:19:39 · Baseline
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1920-1930

HONGKONG, 1922.

57

10

5

The amount of the consolidated loan stands at £1,485,733. Against this there is at credit of the Sinking Fund a sum of £399,591. The Local Loan under Ordinance No. 12 of 1916 amounts to $3,000,000, and there are the sums of $906,699 and £93,657 at credit of the Sinking Fund.

During the period 1913-1922 the assessment of the whole Colony has risen from $12,435,812 to $19,805,929, an increase in rateable value of $7,370,117.

The circulation on the 31st December of notes of the three Banks having authorised issues was as follows :—

Hongkong & Shanghai Banking Cor-

poration

Chartered Bank of India, Australia, &

China

Mercantile Bank of India, Limited

$34,974,774

11,239,602

1,364,413

$47,578,789

The currency of the Colony consists, in addition to the notes of these Banks, of British, Hongkong, and Mexican Dollars and of subsidiary coin, which continued at par throughout the year.

The total issue of subsidiary coins less those demonetized now amounts to $18,789,370 nominal value, and they were up to the year 1905 readily absorbed at par, large quantities being taken by the neighbouring provinces of China. During 1916 10 cent pieces of the face value of $5,028,000 were shipped to Calcutta for purposes of demonetization. The discount which prevailed between 1905 and 1916 may be attributed to the immense quantity of similar coin which was minted at Canton as well as to the amount of Hongkong coin minted largely in excess of the needs of the Colony by itself. In 1905 the Hongkong Government ceased to issue any subsidiary coin and in 1906 it began a policy of demonetizing all its subsidiary coin received as revenue. This policy was continuously followed till 1918 except during a brief period in 1911. Coin to the face value of $21,235,459 has thus been redeemed. The total issue by the Hongkong Government was of the face value of about $44,000,000.

II.-SHIPPING AND TRADE, INDUSTRIES, FISHERIES, AGRICULTURE, AND LAND.

(a.)-SHIPPING.

The total of the shipping entering and clearing at ports in the Colony during the year 1922 amounted to 708,244 vessels of 46,566,764 tons, which, compared with the figures for 1921, shows an increase of 35,564 vessels, with an increase of 3,145,994 tons. Of the above, 50,427 vessels of 29,543,564 tons were engaged in foreign trade, as compared with 52,222 vessels of 27,852,616

tons in 1921.

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