427
Extract from Overland China Marks.
"dated Hongkong, 7th Dec 9 595
Pef 10 AL 94
The Currency Question. In connection with the fall of silver and the scarcity of the circulating medium, in Hongkong and elsewhere in the East, it is probable, unless the Japancare yen is made legal tender, that action will shortly be taken in the direction of the coinage of a British dollar. I understand that some of.
e of the Banks are in favour of this step, and that they have arrived at their conclusion in consequence of the lengthened period during which the Mexican exchange has been unable to adapt itself to the fall in the price of silver. Should
any application be received by the Lovernment any of the Banks in Stongkong, urging
the cornage and introduction into the Colony of a British dollar, influence with the Home Lovernment
from
I will use all
in support of that request.
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