3
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clearances since then have dropped to insignificant proportions.
HOIHOW
Hoihow is still closed to British shipping, except as
regards passengers inward from Singapore. Hoihow is the only
place where the Students are still active. They, in conjunction with the emigration organisation, who have made more money in levies on non-British shipping companies during the troubled period, are actively continuing an agitation to prevent passen- gers travelling outward by British vessels. cargo from Hong Kong is banned: in fact Hoihow is only open to Singapore vessels coming up with passengers.
HONG KONG.
Hong Kong: Gloomy views are expressed by some firms as to present conditions and future prospects, but a more hopeful nɔte is to be detected. Some exporters report that they are
"bust"; others that "there is a certain amount of demand for exports". Another firm reports "quite a little encouragement all round", and that actual business has been done in "blankets,
flour, essential oil, aniseed oil, sundries, sea-grass, tinned
foods, timber, peice goods, leather." Looking back over the
year considerable business has been done in the staple trade of
flour. A firm handling preserved foods reports about half their usual trade as having been done during 1926. The following note has been received: "It is surprising the number of people up
country who want to buy small mechanical plants mills, motors, etc, and they are all insisting on British machinery".
SHIPPING.
General cargo and oil in small quantities is coming down
regularly from Canton, but the continuance of this is due to
initiative on the part of a comparatively few Canton merchants
who are more active than others in manifesting a desire to do
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