273
is supposed to be regulated by the Queen's Proclamation of 1844 in huma but this Proclamation for the
and Phelanation.
Wändern 29* Ford/44. Published in Hong Kong
preasons which I will explain, has it they
from the date of its publication
been
a dead letter
من
regards all
mercantile Bansactions, and it
Whas now
for
erne
years
been
fequally inoperative as regards the Kansactions of the local formmané.
3.
The Proclamation
arrarently founded on hat golk either
was
was
the supposition
n
might
be made the standards of value in Houghtons. Acting on this ascumption it sought to assimilate
sh
See p. 179 Mr. Pennington's
the currency of
of
the place to that
ther British Colonies, and make provision for the concurrent legal circulation of sertain foreign Coins, and coins of the hast didin Company, with the Coins of the vrnited Kingdom, at certain fired rates crecified in the renomination of British Sterling.
4. The legal Meet of this established was
the regulations supposed by the
Home Authorities to be that thenectath
all
engagement
pecuniary Contracts and entered ints at Stonghong and its
write on the curreng, entered
of the British Colonies -
Dependencies in the terms
бер
the Sterling
money of the United Kingdom might be discharged with any of the C
1