CO129-452 - Others & Individuals - 1918 — Page 45

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-

accomplishment of this general design, but the hangs FEB 181

in headquarters now announced is in keeping with the

plans of the Company along this line of development.

It is too much to say that Hongkong's importance

as a port is declining; but it is to be noted that with

the decline in the importance of the port to American

shipping interests, there has also been a change in the use of the port by Japanese ships, particularly in the fact that the best ships formerly on the European run are

now plying between Japan and the United States and do not

call at Hongkong. Further, many of the Japanese Vessels

sailing from the Far East to the United States that former-

ly called at Hongkong are now confining their service to

the Japan-United States trade without calling at Hongkong

or Chinese porte at all.

With its great shipyards, cheap labor, and many other

advantages, it is unlikely that Hongkong will long suffer

this present eclipse, and the readjustment of things after

the War will doubtless result in the re-establishment of the

old service, in and out of the port. The critical factor

in the situation is the transhipment trade. The development

of direct lines of steamers for goods formerly brought to

Hongkong for tramshipment to the United States or Europe

and vice versa will be of extreme importance to shipping

interests in this port."

(8gd) G.M. BOSWORTH.