22.
in a subordinate position to the Gold currener in England, where it is a legal tender only to the extent of Forty Shillings. In these circumstances the present rate of exchange need not be altered
fifty pence per
Dolar
make the half penny equivalent to
and is
me cent, and : menient
for
therefore
mune
smati payments than
any other rate that could be fired
upon.-
&
may
be mentioned in
the
conclusion that the notes
riental Bank although they could
not be recognised by government while that Bank remained without thoroughly arrreciated
سال
charter, were
by both the Freign and chinese closes
of
If the Community. The writer has frequently been offered a premium for hem by the Chinese, from the safety
214
and convenience which they afforded.
Exis however
was entirely owing to the Banks invariabk practice of
paying the notes in chopped dollars. -
(Signed) Sam Gray,
Acting Manager of the Ricutal Bank Corporation
StongKong 20th March, 1852.
(Frue Kopy)
bolonial Secretary-
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