Hongkong and Shanghai Banking Corporation.
Dear Sir Francis,
19th July, 1907.
Referring to your note of yesterday, I have the pleasure in giving you the following information:-
Between 1st March, 1905, and 30th June, 1905, the lowest point the dollar touched was T.T. 1/9¾ on 7th April, 1905. The highest point of the dollar between 1st January, 1904, and the present date was T.T.2/3 on 19th November, 1906.
Yours sincerely,
(sd.) J. C. Peter.
His Honour Sir Francis Piggott.