The war has interfered somewhat with the immediate accomplishment of this general design, but the plans now announced in headquarters are 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 formerly called at Hongkong are now confining their service to the Japan-United States trade without calling at Hongkong or Chinese ports 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 transhipment to the United States or Europe and vice versa will be of extreme importance to shipping interests in this port.
(8gd) G.M. BOSWORTH
43
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‚BIEI, ddos sumat
The war has interfered somewhat with the immediate
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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.
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