20
of the Colony,
CLA
well as
the loss
rccasioned to Government and Private parties by the present system may be remetied by the adortion of a parer currency based upon chopped
All metallic currencies are at the best cumbrous and inconvenient, cspecialy when compored chieth of liver
is here, and we therefore find that
as
A
wrewers it has been practicable
haper surrenes payable
اد
on demand
in the standard medium of ischange has been introduced, thereby transfering from the public to the invers notes all the trouble and inconvenience as well as risk connected with
metallic currency
of
the
A_
Hitherto the necessary machinery
In a paper currency
inadi
le a
legal
that
might be
tender under proper
218
restrictions has not csisted in Hong Kong;
but the recent grant of a Royal Charter
21
Incormatim to the 'briental Bank Exporation comprising the privilege of inning notes in Region and Houghing, and proviting for a proper system of Government bispection, seems to have a design to that and..
سان
As the lowest denomination of
notes permitted by the Banks charter
is
ん
斥
the value of five dollars it will
necessary to provide a subsidiary
currency. The most convenient
money for that
purpose is English
Silver and copper, which however it would be necessary to make a legal tender only to the extent of five dollars, by which means no inconvenience would be felt from its bercanter value, that depreciation having been
fact created to maintain it
in
EX