1893 — Page 241

(Q4)

AMOUNT OF PAPER CURRENCY IN CIRCULATION.

The Notes of the Chartered Morcantile Bank of India, London and China; the Chartered Bank of India, Australia and China; and the Hongkong and Shanghai Banking Corporation, in circulation during the year ending 31st December, 1893, were in amount as follows :—

Mercantile Bank.

Bank of India, Australia and China,

Hongkong and Shanghai Bank.

$

$

January,

94,630

1,827,089

4,726,769

February,

March,

1,931,830

5,792,844

1,375,839

4,818,785

April,

1,443,048

4,518,404

.

1,421,811

4,721,398

Jane,

1,472,106

4,649,604

July,.

......

1,488,522

4,735,624

August,

+.....

1,558,668

4,444,287

September,

1,766,651

4,396,887

October,

1,522,894

4,788,968

November,

******

1,492,292

4,800,637

Decomber,

1,536,969

4,808,048

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 Colonios.

The Accounts of the Mercantile establishments are and havo been always kept in Dollars,