CO129-039 - Sir Bonham - 1852 [1-12] — Page 219

22.

in a subordinate position to the Gold currener in England, where it is a legal tender only to the extent of Forty Shillings. In these circumstances the present rate of exchange need not be altered

fifty pence per

Dolar

make the half penny equivalent to

and is

me cent, and : menient

for

therefore

mune

smati payments than

any other rate that could be fired

upon.-

&

may

be mentioned in

the

conclusion that the notes

riental Bank although they could

not be recognised by government while that Bank remained without thoroughly arrreciated

سال

charter, were

by both the Freign and chinese closes

of

If the Community. The writer has frequently been offered a premium for hem by the Chinese, from the safety

214

and convenience which they afforded.

Exis however

was entirely owing to the Banks invariabk practice of

paying the notes in chopped dollars. -

(Signed) Sam Gray,

Acting Manager of the Ricutal Bank Corporation

StongKong 20th March, 1852.

(Frue Kopy)

bolonial Secretary-

LY

DEX