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4
long as there is a good investment offering we can always obtain
money from home even if it has to be turned into silver as wit-
ness the Hongkong Tramways which will be built entirely by home
capital. If a man receives 1 5,000. from England he must invest
it in something out here, the ultimate return will depend en-
tirely on the course of silver and of trade with a silver using
country and the result of his investment will be just as proble~
matical as it would be under present circumstances. China will
always be the predominant party in every transaction with us and
we cannot dictate to her in what currency she will do business
with us. She is our biggest customer and we can only hold her
custom by offering her every facility we can. Whether Hong Kong
chooses to keep its accounts in gold or silver will not sway
China in favor of gold. The trade and investments of Hong Kong
must and will be governed by silver as long as China's trade is
in silver and the introduction of a gold standard here will ins-
tead of producing stability only add another element of confusion
to investors and of inconvenience to our customers.
Robt heures
Houshing..
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