2
For some time past, in consequence of the high rate of exchange ruling in China - and the different rates cricting cren mouth, the subject of the currency has been unch discussed in the Colony, and has resulted in a trial in the Supreme Court, when the fchief Justice laid it down, that
when Contracts were made in
or
Spanish & Merican Dollars, the payment must be made in such Crims, and not in those specified
in
the Queen's Proclamation
12t March, 1845. -
Acting
of
on this principle,
the Colonial Treasurer conecived
{
176
A
that as by the terms of the Lease under which Ground is held in this Colony, it is specifics that the Punts shall be paid in Current "Dollars of the said Erlony of Story Kong "(at such rate of exchange,
n
as is now,
may hereafter from time to time as the rate of exchange, for
"He fixed.
"the"
payment of the Salaries of the "Public Servants of the said Tolony),"
A
the Goverment was likewise unsound
to demand payment in Follars on their equivalent - in fact, to incist
specific performance, and the therefore instituted a suit in the Supreme
Court to settle the questin,
on a
the result of which will be san
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