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The currency of the Colony consists, in addition to the notes of the Banks, of British, Hongkong, and Mexican Dollars and of subsidiary coin, which continued at par throughout the year.
The total issue of subsidiary coine, less those demonetized, now amounts to $20,764,370 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 ten cent pieces of the face value of $5,028,000 were shipped to England 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 miuted largely in excess of the needs of the Colony by itself. In 1905 the Hongkong Government ceased to issue any subsidiary coin and in 1905 it began a policy of demonetising all its subsidiary coin received as revenue. This policy has been continuously followed since except during a brief period in 1911. Coin to the face value of $23,235,459 has thus been redeemed. The total issue by the Hongkong Government was of the face value of about $44,000,000.
—5—
Of vessels of European construction, 3,337 Ocean Steamers, 6 Sailing Ships, 3,660 River Steamers, and 2,986 Steamships not ex- ceeding 60 tons entered during the year, giving a daily average of 27:3 ships, as compared with 299 in 1917, and 319 in 1916.
The average tonnage of individual Ocean Vessels entering the Port has decreased from 1,528-7 tons to 1,459'2 tons. That of British Ships has decreased from 1,720-3 tone to 1,482'6 tons, while that of Foreign Ships has increased from 1,4145 tons to 1,445'7 tons.
The average tonnage of individual River Steamers entering during the year has increased from 310'2 tons to 4700 tons.
That of British River Steamers has decreased from 503-3 tous to 135'9 tons, and that of Foreign River Steamers has increased from 393-2 tons to 439'9 tons.
A comparison between the years 1917-and-1918 is given in the following table
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 1918 amounted to 579,541 vessels of 29,518,189 toes, which, compared with the figures for 1917, shows a decrease of 53,537 vessels, with a decrease of 4,074,484 tons.
Of the above, 43,436 vessels of 16,955,332 toms were engaged in Foreign Trade, as compared with 48,026 vessels of 20,547,110 tons in 1917, and were distributed as follows:-
Class of Vesuelo.
British Ocean= Į going....... Foreign Ocean- going,..... British River Steamers,...
Foreign River Steamers,... Steamships under00tons (Foreign Trade)............ Junks, Foreign
1917.
1918.
Increase.
No. Tonnage. No. Tonnage,
3,004 5,108,058 2,444 3,627,570
4,140 | 7,121,490 4,234 8,117,899
---
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6,665 3999,537 5,807 3,444,415
1,619 842,696 1,510 612,31
6,531
198,060 6,002
Decrease.
No. Tonnage. No. Tonnage.
F&M
560 1,540,482
1,008,597
858 $35,092
109 230,382
17,332
180,738
LLL
26,067 3,217,078 25,489 2,972,366
1917.
1918. Numbers. Numbers.
1917. Tonnage.
1918. Tonnage.
British Ocean-
going ships,
6.3%
5*6%
**25*3%
214%
Foreign Ocean-
going ships,
8:0
JB
34.6
36-1
British River
Steamers,
13.8
13.3
10-5
20:3
Foreign River
Steamers,
24
3.5
3:0
Steam Launches
(under 60.
tons), ...
136
13:8
0:0
11
Trading Junks,
54 3
54:0
15:0
17.5
100-0
100'0
100.0
100.0
N.B. The movements of Fishing Junks are not included in
this table
Trade, ......
Total, Foreign }
Trade, ......
48,028 20,546,919 | 43,486| 18,955,332
04
529
+
2,628 244,712
4,684 3,591,597
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Colony,.....
Steam LouD-
in Waters of 48,536 12,426,758 499,102 10,734,058
Junks, Local
41,434 1,089,078
Trade,
*96,516*1,522,018 |†$7,003 †1,828,199
487 306,181
Grand Total,... 694,078 34,492,678 579,541 29,518,180
581 906,18154,118 5,280,675
Net DecreasČy -- KAKIAH) -
53,537 4,974,494
+
Including 11,989 Conservancy and Dust Boats of 665,548 tons.
. 11,688
of 638,884,,
441
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