1926
(604) Page 548
Download files
Complete book:
Individual page:
Thumbnail gallery: Grid view | List view
CHINA
1924. In spite of the increased Customs revenue and substantial advance in the value of't
trade, business from the merchants’point of view was anything but prosperous during
the past year, and profits were declared to be small, at times even non-existent. This, s
apparent discrepancy was due to very keen competition, which considerably reduced *
individual profits; to high costs of production as compared with prices obtainable; and,,
towards the end of the year, to failure in disposing of the goods imported.”
Value in Silver and Sterling of the Foreign Trade of China, 1892 to 1923 : —
Year.
Average Exchange,
s. d.
Imports.
Hk. Tls. £
1893 .
1894 .
1897 ...
1898 ...
1899*...
1900+...
1901 ...
1902 ...
1903 ...
1904 ...
1905 ...
1906 ...
1907 ...
1908 ...
1909 ...
1910 ...
1911J...
1912 ...
1913§...
1914||...
1915 ...
1916 ...
1917 ...
1918 ...
1919 ...
1920 ...
1921 ...
1922 ...
1923 ...
Exports.
Hk. Tls.
102,583,525
116,632,311
128,104,522
143,293,211
131,081,421
163,501,358
159,037,149
195,784,832
158,996,752
169,656,757
214,181,584
214,352,467
239,486,683
227,888,197
236,456,739
264,380,697
276.660.403
338,992,814
380,833,328
377,338,166
370.520.403
403,305,546
345,280,874
418,861,164
481,797,366
462,931,630
485,883,031
630,809,411
541,631,300
601,255,537
654,891,933
752,917,416
22,333,288
22,961,986
20,483,379’
23,434,411
21,846,903
24,354,889
22,944,422
29,469,696
24,677,621
25,139,243
27,843,605-
28,282,616
34,326,424
34,278,183-
38,916,838
42,961,863-
36,888,053
44,051,410*
51,273,653:
50,700,286
56,544,517
60,915,191
47,116,943
54,321,457
78,820,556
99,940,188
128,430,019
199,756,313
183,928,963
118,841,915
122,792,237
130,976,259
It will be observed in this table that an increase in silver values does not always
mean an increase in trade when measured in sterling.
Although China is traversed in all directions by roads, they are usually mere
tracks, or at best footpaths, along which the transport of goods is a tedious and
difficult undertaking. A vast internal trade is, however, carried on over the roads, and
by means of numerous canals and navigable rivers. The most populous part of China
is singularly well adapted for the construction of a network of railways, and a first
attempt to introduce them into the country was made in 1876, when a line from
Shanghai to Woosung. ten miles in length, was constructed by an English company.
This little railway was subsequently purchased by the Chinese Government and closed
by them on the 21st October, 1877. Since that time the principle of railways has been
fully accepted and only lack of funds retards the completion of many new lines. The
railway from Shanghai to Woosung was re-opened in 1898, as forming part of a
* Influence of railways felt. + Boxer outbreak. | Revolution in October.
[1 European war from August, 1914, to November, 1918. § Rebellion in summer.
1924. In spite of the increased Customs revenue and substantial advance in the value of't
trade, business from the merchants’point of view was anything but prosperous during
the past year, and profits were declared to be small, at times even non-existent. This, s
apparent discrepancy was due to very keen competition, which considerably reduced *
individual profits; to high costs of production as compared with prices obtainable; and,,
towards the end of the year, to failure in disposing of the goods imported.”
Value in Silver and Sterling of the Foreign Trade of China, 1892 to 1923 : —
Year.
Average Exchange,
s. d.
Imports.
Hk. Tls. £
1893 .
1894 .
1897 ...
1898 ...
1899*...
1900+...
1901 ...
1902 ...
1903 ...
1904 ...
1905 ...
1906 ...
1907 ...
1908 ...
1909 ...
1910 ...
1911J...
1912 ...
1913§...
1914||...
1915 ...
1916 ...
1917 ...
1918 ...
1919 ...
1920 ...
1921 ...
1922 ...
1923 ...
Exports.
Hk. Tls.
102,583,525
116,632,311
128,104,522
143,293,211
131,081,421
163,501,358
159,037,149
195,784,832
158,996,752
169,656,757
214,181,584
214,352,467
239,486,683
227,888,197
236,456,739
264,380,697
276.660.403
338,992,814
380,833,328
377,338,166
370.520.403
403,305,546
345,280,874
418,861,164
481,797,366
462,931,630
485,883,031
630,809,411
541,631,300
601,255,537
654,891,933
752,917,416
22,333,288
22,961,986
20,483,379’
23,434,411
21,846,903
24,354,889
22,944,422
29,469,696
24,677,621
25,139,243
27,843,605-
28,282,616
34,326,424
34,278,183-
38,916,838
42,961,863-
36,888,053
44,051,410*
51,273,653:
50,700,286
56,544,517
60,915,191
47,116,943
54,321,457
78,820,556
99,940,188
128,430,019
199,756,313
183,928,963
118,841,915
122,792,237
130,976,259
It will be observed in this table that an increase in silver values does not always
mean an increase in trade when measured in sterling.
Although China is traversed in all directions by roads, they are usually mere
tracks, or at best footpaths, along which the transport of goods is a tedious and
difficult undertaking. A vast internal trade is, however, carried on over the roads, and
by means of numerous canals and navigable rivers. The most populous part of China
is singularly well adapted for the construction of a network of railways, and a first
attempt to introduce them into the country was made in 1876, when a line from
Shanghai to Woosung. ten miles in length, was constructed by an English company.
This little railway was subsequently purchased by the Chinese Government and closed
by them on the 21st October, 1877. Since that time the principle of railways has been
fully accepted and only lack of funds retards the completion of many new lines. The
railway from Shanghai to Woosung was re-opened in 1898, as forming part of a
* Influence of railways felt. + Boxer outbreak. | Revolution in October.
[1 European war from August, 1914, to November, 1918. § Rebellion in summer.
Set display mode to:
Universal Viewer | 
Mirador |
Large image | Transcription
Images and transcriptions on this page, including medium image downloads, may be used under the Creative Commons Attribution 4.0 International Licence unless otherwise stated. 
| Asian directories and chronicles > 1926 > (604) Page 548 |
|---|
| Permanent URL | https://digital.nls.uk/196496025 |
|---|
| Attribution and copyright: |
|
|---|---|
More information
|
|
| Description | Volumes from the Asian 'Directory and Chronicle' series covering 1917-1941, but missing 1919 and 1923. Compiled annually from a multiplicity of local sources and research. They provide listings of each country's active corporations, foreign residents and government agencies of all nationalities for that year, together with their addresses. Content includes: various treaties; coverage of conflicts; currencies and taxes; consular fees; weights and measures; public holidays; festivals and traditions. A source of information for both Western states and communities of foreigners living in Asia. Published by Hongkong Daily Press. |
|---|---|
| Shelfmark | H3.86.1303 |
| Additional NLS resources: |