Council
Hon
BOB
#
Miscella
Offic
415
once declined to 602 the ounce
being 14. below the previous rate-
and My Lords learn from the circular of Messrs Moratta and
Goldsmid dated 15th instant
that a large proportion
are still undisposed of and are being offered at about the same rate having found purchasers
It is stated also that the
total amount held for higher
prices is very large, much exceeding
a million of Dollars-
Recent information from China
at the same time thinks
a reaction has occurred, after speculative
hoarding of Dollars by the Natives,
and that the price of Dollars Shanghai has fallen to "melting point"
The circumstances under
which the Government of Hong Kong recommended
a coinage of Dollars in London
are now, therefore, wholly changed
and the result shows the necessity
for extreme caution in undertaking
to maintain a
measure
coinage at the risk
as a
and for the
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