**NO COPY.
Enclosure
507
SATIRTISVC !
t
A NAPOCA W BY M. 1
BANNE COAT (onk Juandre noseluas w.& nuit de mid
and 3 bura LIRA MADA
02
m yet wéwda o noqo lieu od te bog, cu
d noi,ngu To pantry and spirooni.. ni Mound ans on
QO'L PIVE bei sutia.. les deu nguosti o
.2 (. a)
IVI Tedeco⠀
Extract from Tsun Wan Yat Po, Hongkong, 11th. April, 1913.
Further endeavour to restore the face value of Canton Notes.
During the last two days the value of Canton Notes in the
market has suddenly risen to 90% of their face value. In purchase
of articles they are accepted at something more than 91% of their
original value, and in payment of the cost of goods ordered from
foreign merchants in Hongkong they can be tendered at the rate of
90% of their face value. Now the Governor, desiring to avail him- -self of the opportunity to promote the note currency, has special- -ly directed the Commissioner of Finance to send deputies to proceed to Hongkong without delay to discuss with the various Hongkong
merchants with a view to the restoration of the face value of
Canton notes. The Government will be responsible for any loss the
merchants may sustain in the undertaking, and after the arrival
in Canton of the full amount of loan recently raised from the United States, new notes will be issued to redeem all the present notes the Hongkong merchants may have collected in hand. By means
of this endless benefits will be rendered to the market in the
shortest duration. Further the Commissioner of Finance has request- -ed Li Yuk Tong the ex-Commissioner of Finance to proceed to Canton to discuss the various necessary measures.