37
(ii) Hong Kong & Shanghai Banking Corporation ... $199,689,793
(iii) Mercantile Bank of India ... $5,175,570
(b) Government $1 notes, of which $3,900,000 have been issued.
(c) 10 cent and 5 cent cupro-nickel coins.
(d) 1 cent copper coins.
(e) The silver dollars and .800 fine silver sub-coin (10 cent and 5 cent pieces, and a few 50 and 20 cent pieces) which have either remained in circulation in the Colony or filter back into it from the mainland of China, are still legal tender in the Colony (sub-coin only up to an amount of $2.00).
During 1937, which may be regarded as the first year of normal operation of the Exchange Fund, the exchange value of the Hong Kong dollar was maintained with great steadiness at about the level established in the latter part of 1936.
of 1986. The official rate quoted by the Hong Kong and Shanghai Banking Corporation for the sale of sterling varied between a maximum of 1/2¼ in January and February and a minimum of 1/2¾ in July; and for the last four months remained unchanged at 1/2¼. Market rates were usually a fraction higher.
3. The weights and measures in use in the Colony are defined in the Schedule to Ordinance No. 2 of 1885. They consist of the standards in use in the United Kingdom and of the following Chinese Weights and Measures:-
1 fan (candareen) = 0.0138 ounces avoirdupois.
1 tsin (mace) = 0.133 ounces avoirdupois.
1 leung (tael) = 1.33 ounces avoirdupois.
1 kan (catty) = 1.33 pounds avoirdupois.
1 tam (picul) = 133.33 pounds avoirdupois.
1 chek (foot) = 14.3 English inches divided into 10 tsün (inches) and each tsün into ten fan or tenths.
Chapter XII
## PUBLIC WORKS
During the year under review the operations of the Public Works Department were carried out, under a Head Office Staff, by eleven sub-departments, namely the Accounts and Stores,
37
(ii) Hong Kong & Shanghai Banking Corporation ...$199,689,793 (iii) Mercantile Bank of India
...$ 5,175,570
(b) Government $1 notes, of which $3,900,000 have been issued.
(c) 10 cent and 5 cent cupro-nickel coins.
(d) 1 cent copper coins.
(e) The silver dollars and .800 fine silver sub-coin (10 cent and 5 cent pieces, and a few 50 and 20 cent pieces) which have either remained in circulation in the Colony or filter back into it from the mainland of China, are still legal tender in the Colony (sub-coin only up to an amount of $2.00).
During 1937, which may be regarded as the first year of normal operation of the Exchange Fund, the exchange value of the Hong Kong dollar was maintained with great steadiness at about the level established in the latter part of 1936.
of 1986. The official rate quoted by the Hong Kong and Shanghai Banking Corporation for the sale of sterling varied between a maximum of 1/2 in January and February and a minimum of 1/219 in July; and for the last four months remained unchanged at 1/24. Market rates were usually a fraction higher.
3. The weights and measures in use in the Colony are defined in the Schedule to Ordinance No. 2 of 1885. They consist of the standards in use in the United Kingdom and of the following Chinese Weights and Measures:-
1 fan (candareen)-0.0138 ounces avoirdupois.
tsin (mace)=.133 ounces avoirdupois.
1 leung (tael)=1.33 ounces avoirdupois.
1 kan (catty)=1.83 pounds avoirdupois.
and
1 tam (picul)=133.33 pounds avoirdupois.
1 chek (foot)=143 English inches divided into 10 tsün
(inches) and each tsün into ten fan or tenths.
Chapter XII.....
PUBLIC WORKS.
During the year under review the operations of the Public Works Department were carried out, under a Head Office Staff, by eleven sub-departments, namely the Accounts and Stores,
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