2
500
575
I may also draw attention to the fact that the
frequent fluctuations in exchange are a most serious
abstruction to legitimate trade in limiting demand for
imports to a hand-to-mouth inquiry, in evidence of which
fact I may point to the condition of the godowns all over
the Colony, vide Chairman's speech at the recent annual
meeting of the shareholders in the Hong Kong and Kowloon
Wharf and Godown Co.,
Ld.
Im conclusion, I am not aware of a single interest
in the Colony that can really be said to benefit by a
fluctuating silver standard.
I have the honour to be,
sir,
Your obedient servant,
H Pinckney
Acting manager
Rational Bank of Alemala