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The amount of the consolidated loan stands at £1,485,733. Against this there is at credit of the Sinking Fund a sum of £494,783. The Local Loan under Ordinance No. 12 of 1916 amounts to $3,000,000 and there are the sums of $1,726,670 and £114,722 at credit of the Sinking Fund.
A new valuation for Assessment was made for the year com- mencing 1st July, 1925, resulting as follows:—
was continuously followed till 1918 except during a brief period in 1911. Coin to the face value of $26,235,459 has thus been redeemed. The total issue by the Hong Kong Government was of the face value of $44,099,830.
Increases:
The City of Victoria
$2,884,639
The Hill District
43,430
Shankiwan, Saiwanho and Quarry Bay
107,825
Hong Kong Villages
314,000
Kowloon Point
346,276
Yaumati
591,140
Mongkoktsui
472,020
Hunghom and Hok Un
94,650
Kowloon Villages
32,401
253,530
New Territories
The rateable value of the whole Colony amounted to $27,287,862 having increased by $5,139,911.
During the period 1916-1925 the assessment of the whole Colony has risen from $14,282,186 to $27,287,862, an increase in rateable value of $13,005,676.
The circulation on the 31st December of notes of the three Banks having anthorised issues was as follows:—
Hong Kong & Shanghai Banking Cor-
poration
Chartered Bank of India, Australia, &
China
Mercantile Bank of India, Limited
$ 45,332,993
14,587,808 1,459,875
$ 61,380,676
STATEMENT OF SUBSIDIARY COINS. Received and redeemed (from 1911) Blue Book 1911. Amount in circulation. Since received :-('opper coin.
$43,999,830
1919...
25,000.00
1923...
25,000.00
1924..
50,000.00
1925...
25,000.00
Total Amount put into circulation...
125,000
$44,124,830
Less since redeemed :—
1911...
...5,527,459.04
1912...
...1,040,000.00
1913...
...1,040,000.00
1914...
..5,000,000.00
1915...
..5,100,000.00
1916...
..5,028,000.00
1918...
1922...
500,000.00
...3,000,000.00
Total Amount of coin in circulation in 1925...$17,889,370.96
20,235,459.04
The currency of the Colony consists, in addition to the notes of these Banks, of British, Hong Kong, 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 $17,889,370 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 Calcutta for purposes of demonetization. The discount which prevailed be- tween 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 demonet- ising all its subsidiary coin received as revenue.
This policy
IL-SHIPPING AND TRADE, INDUSTRIES, FISH ERIES, AGRICULTURE, AND LAND.
(a.) SHIPPING,
The total Shipping entering and clearing at Ports in the Colony during the year 1925 amounted to 379,177 vessels of 41,469,581 tons, which compared with the figures of 1924 show a decrease of 384,315 vessels and a decrease of 15,261,493 tons.
Of the above 41,336 vessels of 32,179,053 tons were engaged in Foreign Trade as compared with 57,765 vessels of 38,770,499 tons, in 1924.
Table 1 shows a decrease in British Ocean-going Shipping of 1,381 ships or 26'1 per cent and a decrease of 1,977,932 tons or 161 per cent. This decrease in ships and tonnage is due to the recent strike and present boycott in South China.
Foreign Ocean-going vessels have decreased by 1.911 ships and
by 2,243,124 tons or 223 per cent in numbers and 131 per cent in tonnage. This decrease in ships and tonnage is due to the recent strike and present boycott in South China.
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