in
by Royal Proclamation the only legal tender of payment.
Hongkong
But the
And it's Dependencies.
these coins
The new demand for Appenes to Japan, and for the purpose of making payments for within the valley of the Yangtze - formerly settled
for in
that undefaced Mexican dollars have for some time borne premiums.
a high
When I left Hongkong in July last, what was called there, "clean dollar"
fetched a premium of 4 per cent above its intrinsic value as compared with
166
the price of Bar Silver. Lately they have reached a premium of nearly 12 per cent : And I observe they are quoted in the London Market in last month's "Price List" at a premium of about 11 and a quarter per cent - Mexican dollar being 57¾d per oz. and Bar Silver 57 7/8d. though they have scarcely fallen to 5/3½d per oz. Bar silver has also fallen to 57¾d. leaving a premium for the Mexican dollar of 8 per cent.
Fluctuations like these in the value of the Medium