1888 — Page 212

(Q.4)

AMOUNT OF PAPER CURRENCY IN CIRCULATION.

The Notes of the Chartered Mercantile Bank of India, Londou and China; the Chartered Bank of India, Australia and China; and the Hongkong and Shanghai Banking Corporation, in circulation during the year onding 31st December, 1888, were in amount as follows:-

Mercantile Bank,

Bank of India, Australia and China.

Honghong and Shanghai Bank.

January,

1,109,185

1,435,839

3,413,774

February,

1,458,040

1,649,310

4,347,157

March,

1,301,203

1,501,621

3,332,670

April,

1,058,707

1,553,278

.3,458,399

May,.

1,208,865

1,227,696

3,434,075

June,....................

i,239,050

1,099,993

3,005,864

July,...

1,218,703

1,085,296

2,943,548

August,

1,123,242

1,186,764

3,039,080

September,.....

1,299.177

1,125,663

2,941,254

October,

1,3-19,050

1,270,703

2,736,000

November,

1,417,557

1,288,927

2,641,120

December,

1,389,115

1,362,812

2,865,548

ACCOUNTS KEPT IN.

The Accounts of the Colonial Government were formerly kept in Sterling, but from the 1st July, 1862, they have been kept in Dollars, in accordance with instructions from Her Majesty's Principal Secretary of State for

the Colonies.

The Accounts of the Mercantile establishments are and have been always kept in Dollars.