The amount of the consolidated loan stands at £1,485,733. Against this there is at credit of the Sinking Fund a sum of £533.787. The Loval Loan under Ordinance No. 12 of 1916 amounts to $3,000,000 and there are the sums of $1,831,927 and £120,653 at credit of the Sinking Fund.
A new valuation for Assessment was made for the year com- mencing 1st July, 1926, resulting as follows:—-
Increases —
The City of Victoria
The Hill District
Hong Kong Villages
Yaumati
$ 701,338
13,940
88,567
5,380
6,115
2,530
8.212
Mongkoktsui
Hunghom and Hok Un
Kowloon Villages...
Decreases :—-
New Territories
48,555
Shaukiwan, Saiwanho and Quarry Bay Kowloon Point
30,817
30,835
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.
STATEMENT OF SUBSIDIARY COINS. Received and redeemed (from 1911) Blue Book 1911. Amount in circulation.
Since received :-Copper coin.
1919...
1923...
1924...
1925...
1926...
25,000,00
25,000.00
50,000.00
25,000.00
25,000.00
Total Amount put into circulation ......
$43,999,830
150,000
...$44,149,830
The rateable value of the whole Colony amounted to $27,998,237 having increased by $710,357.
During the period 1917-1926 the assessment of the whole Colony has risen from $14,410,153 to $27,998,237, an increase in rateable value of $13,588,084.
The circulation on the 31st December of notes of the three Banks having authorised issues was as follows:-
Hong Kong & Shanghai Banking Cor-
poration
J
$ 50,842,258 Chartered Bank of India, Australia, &
China
Mercantile Bank of India, Limited
15,612,909 1,730,584
$ 68,185,751
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 $17,914,370 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 Hong Kong coin minted largely in excess of the needs of the Colony by itself. In 1905 the Hong Kong 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
Less since redecmed :-
1911...
4
...5,527,450.01
1012...
...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
26,235,459.04
Total Amount of coin in circulation in 1926...$17,914,370.96
II-SHIPPING AND TRADE, INDUSTRIES, FISHERIES, AGRICULTURE, AND LAND.
(a.)-SHIPPING.
The total Shipping entering and clearing at Ports in the Colony during the year 1926 amounted to 310,361 vessels of 36,821,364 tons, which compared with the figures of 1925 show a decrease of 68,806 vessels and a decrease of 4,648,220 tons.
Of the above 30,231 vessels of 28,371,104 tons were engaged in Foreign Trade as compared with 41,336 vessels of 32,179,053 tons, in 1925,
There was a decrease in British ocean-going shipping of 515 ships of 600,403 tons. This decrease in ships and tonnage is due to the boycott in China generally.
Foreign ocean-going vessels shows a decrease of 1,295 ships and a decrease of 1,729,075 tons. This decrease in ships and tonnage is due to the boycott in China generally.
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British river steamers show an increase of 228 ships and an increase of 18,314 tons. or 43.0% in numbers and 16.3% in tonnage. This increase in ships and tonnage is due to the vessels. again running on the Canton and West rivers.
Foreign river steamers show a decrease of 1,036 ships and a decrease of 345,143 tons. This decrease in ships and tonnage is due to
to the foreign river steamers not running until the latter part of the year.
In steamships not exceeding 60 tons employed in foreign trade there is a decrease of 2,557 ships with a decrease in tonnage of 78,167 tons. This decrease in launches and tonnage is due to the boycott in China generally.
A comparison between the years 1925 and 1926 is given in the following table :—
Class of Vessels
1925.
1926.
Decrease.
Increase.
No. ¡ Tonnage. No. Tonnage. No. Tonnage. No. Tonnage.
British Ocean-¡
going, Foreign Ocean
going.
3,916
5.763
9.866,820 3,401 9.257,417 515 609,403
13,786,951 4,468 12,057,279, 1,295 1,729,675
British River
Steamers, 4,058
Foreign River
Steamships
under 60
5,455,115 4,276 5,473,429
218
18.314
Steamers, 1.266
-
452,878 230
107,735 1,036 345,143
tons (For-
eign Trade) 5,386 Junks, Foreign
Trade. 20,947
165,497 2,829
2,451,789 15,027
87,330 2,557 78,167
1,387.914 5,920 1,063,875
:
Total, Foreign
Trade,
41,336 | 32,179,053 30,231 28,371,10|| 11,323 3,826,263
218
18,314
Steam Laun-
ches plying
in Water of
the Colony.310,924 8,050,939 249,902 6,975,072 61,012 1,075,867
Junks, Local
Trade, *26,917 *1,239,592†30,218 †1,475,188
3,301
235,596
Grand Total 379,177 41,469,584 310,361 36,821,364 72,335| 4,902,130, 3.519
*
Net Decrease,.
68,816 4,648,220
Including 15,890 Conservancy and Dust Boats of 693,660 tons.
16.294
11
of 736.688
253.910
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