A Total Shrinkage of Over Hk.
Tis, 9,000,000
The Chinese Economic Bulletin January 7 publishes the following: details of the Maritime Customs revenue during 1927.
The revenue for 1027 amounts round figures to Hk, Ti. 68,087,000, a decrease of Hi.
435,000 "as compared with th collection for the year 1926. The Merling equivalent of the 1927 collection at the average exchange of 2 approximately 49,677,000 compared with 12,105,800, the equivalent of the 1926 collection, fat the average exchange of 3/12
The following table shows in Haikuan Taels in thousands the collection of 1927, and the inerense or decrease, at the principal ports:—
Harbin 28
Buren Shanghai Amor Canton 1338)
The 1927 rovenve of the Native Customs under the Officiating Inspector-General's control, amounts, round figures, to Hk. Tls. 2,784, equals £533,100. This! collection shows a decrease of Hk, Tis, 720,000 as compared with the! Revenue for 1926.
All Foreign Loan and Indemnity obligations secured on the Customs. Revenue, including the service of. the Reorganisation Loan, have been. met in full, The cost in aliver of, service of the above gold was Sh, Tis 60,611,198.85 as compared with Sh. Tis, 83,183, 909.12, which was the cost at higher silver rate of exchange for the service of the same obligations 1026, The servico—both interest and redemption—of all Domestic Loans secured on cancelled Indemnities has. been get in full, The interest fon those Domestic Loans which are secured on the Customs—revenue surplus, and of which the service is, under the control of the Oficiating: Inapector-General, was also met in full; but, owing to deficiency of revenue, no redemption payments of any of these loans could be made. The redemption payments, therefore, of the Consolidated Debt are: now two years in arrear of schedule, PASSENGER service la now operation from Pukow to Isuchowfu on the Tsin-Pu Railway.
Text read from the printed page and cleaned; old type leaves the occasional error.