Fuel and lighting figures indicate the seasonal influence but, in contrast with former years, the fractional increase may imply less activity me dustrially. "It is evident however that the level is lower than last year, as with the general averages ior the years being 1928 at 100 1927 at 1314, 1928 at 1146, 1929 at 118.2, 1990 at 1225, 1991 at' 133.6, 1992 at 138.0 and 1933 at 1219 with December 1033 at 1144 (Contrasting with December 1934 at 113.7) increasing in January 1994 at 115.8, February at 1212, March at 1212, April at 1203 and May at 113.1 beginning the seasonal drop in [June at 1012 since when the rise has been very gradual to July at 1027, August 1072, September 1114 to drop In October to 1074 to rise in Novem: ber to 1100 and in December to 11327, Hongkong, Jan, 22.
For the first time in history Great Britain's exports to Hongkong are made public to-day, show that Japan has increased her share to eight per cent, of the total, while Great Britain's has dropped 78 per cent. of the total, year previous Japan's share was five per cent. and Britain's ten er cent. of the total.
The total of Hongkong trade is shown to have declined from +£83,000,000 to 81,000,000, or 22 er cent. since 1932, Authorities declare that "this is surely the worst year of the Hongkong depression and the worst for
Text read from the printed page and cleaned; old type leaves the occasional error.