Vide page 64.
The only Gold coins legally current are those of the United Kingdom and the East India Company's Gold Mohur, coined since 14 September 1885, value £1.9.2. Sterling. This latter however is seldom, if ever, met with in the Colony.
The Silver coins, besides those of the United Kingdom, are the Dollars of Spain, Mexico, and the South American states, each equivalent to 4/2 Sterling. The East India Company's Rupees, Half and Quarter-Rupees at 1/10, 5d., and 2.5d., respectively.
The Dollar of Spain is rarely, if ever, met with as a perfect coin, but always chopped or broken and passes by weight, 717 Taels being equivalent to 1,000 Dollars. In this state, the Spanish Dollars are not a legal tender, but being the standard by which all Commercial transactions with the Chinese are regulated at the Consular Ports, it is also the principal currency of the Island.
The Copper coins are those of the United Kingdom, Cash of China, 24 of which are equal to one penny Sterling. British Silver is not a legal tender above £2.
These coins have always been taken interchangeably for each other at the above rates according to the assumed intention of The Queen's Proclamation of 14th May 1845, but by a Judgment of the Supreme Court given in 1834, it has been decided that such is not the effect of that Proclamation, and that special Contracts must be satisfied in the Coin in which they are made.
The Dollars of Spain, Mexico, and the South American Republics, in fact, all Dollars being of purity not inferior to that of the current Spanish Dollars, are now taken at par.
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PUBLIC RECORD OFFICE, LONDON
[224]
[225]
113.
COURSE OF EXCHANGE.
Vide page 64.
COINS.
The
only Gold boins legally current are those of the United Kingdom and the East India Company's Gjoed Mohur, coined since
14 September 1885, value £1.9.2. Sterling. This latter however is seldom,
ever met with in the Colony
if e
The Silver coins besides those of the United Kingdom, are the Dollars of Spain, Mexico, and the South American states, each equivalent. to 4/20 Sterling. The East India Company's Rupees, Half and Quarter- Rupees at 1/10,-11., and 5th, respectively.
The Dollar of Spain is rarely, if ever met with as a perfect coin, but always chopped or broken and passes by
weight, 717 Tails being equivalent to 1,000 Dollars. In this state the Rfpanish Dollars are not a legal tender, but being
which all Commercial transactions with the~ chinese are regulated at the lensular Ports, it is also the frincipal currenc of the Island.
a standardi
The Copper boins are those of the United Kingdom, Cash of China, 24 of which are equal to one
and the copper penny Sterling. "British Silver is not a legal tender, above £2.-
A
These coins have always been taken interchangeably for each other at the above rates according to the assumed intention of The Queen's Broclamation of 14th May 1845, but by a Judgment of the Supreme Court given in 1834, it has been decided that such is not the effect of that ~ Proclamation, and that special Contracts must be satisfied in the Coin in which they are made.
The Dollaro of Spain, Mexico, and the South American Republice in fact all Dollars being of purity not inferior to that of the current Spanish Dollars, are nors tallen at par.
Page 115Page 116
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