(Vide page 56)
The only Gold Coins legally current are those of the United Kingdom and the East India Company's Gold Mohur, coined since 1st September 1895, 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 America States, each equivalent to 4s.2d. Sterling. The East India Company's Rupees, Half and Quarter Rupees at 1s.10d., 9d., and 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. Fails being Equivalent to 1000 Dollars. In this state, the Spanish Dollars are not 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, and Copper 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 avowed intention of the Queen's Proclamation of 1st May 1845. But by a Judgment of the Supreme Court given in 1884, it has been decided that such is not the effect of that Proclamation, and that Special Contracts must be solvable in the Coin in which they are made.
The Dollars of Spain, Mexico, and the South American Republics, in fact, all Dollars being of parity not inferior to that of the current Spanish Dollars are now taken at par.
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95
COURSE OF EXCHANGE.
(Vide page 56)
COINS.
The only Gold Coins legally current are those of the United Kingdom and the East India Company's Gold Mohur, coined since 1st September 1895, 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 America. States each equivalent to 1/2" Sterling. The East India Company's Rupees, Half and quarters Rupees at 1/10. 112 and 5pt respectively.
The Dollar of Spain is carely, if ever met with as a;
~ perfect Coin, but always chopped or broken, and passes by weight yoy Fails being Equivalent to 1000 Dollars - In this state the Spanish Dollars are not -legal lender, but being the standard by which all Commercial transactions with the Chinese av ryulated at the Consular Ports, it is also the principal currency of the island.
A
in an
the
The Copper Coins are there of the Unitex Kingdom, and Copper Cash of China, 24 of which are equal to one penny starting. British Silver is not a legal tender above £2.
These Corrs have always been tatten inter changeably for each other at the above rates according to the accumed intention of the Queen's Proclamation of 1" May 1845. But by a Juxgment of the Supreme Court givin in 1884, it has licen decided that such
is not the effect of that Proclamation, and that Special Contracts must be soliafica in the Coin in which they
are made.
the Bollar of Spain, Mexics, and the South American Republics in fact all Dollow being of parity not inferior to that
of the current sparnish Dollars are noor latten at Year.
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