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27
Government Cash are equal to one Dollar, the Proclamation in this respect as all others has been a nullity.
Until very lately, however, a coin fully equal to that specified in the Proclamation has passed in the Colony for a dollar in consequence of the large quantity of spurious Cash which has been in circulation throughout China for years, notwithstanding the strong measures taken by the Government to suppress the illicit manufacture of it, by awarding death as the punishment for forging.
The established rule amongst Native Cash Keepers of the Colony until lately has been to accept cash in payment, provided each string did not contain more than a certain number of forged cash - the proportion I believe was generally about two thirds Government cash to one third bad cash, but sometimes the proportion of the bad cash was one half and even as high as seven tenths. Which I forward by name & "current specimen of Cash" and from 1,200 to 1,300 have usually been considered equal to a dollar. The forged cash have however been gradually deteriorating in quality, and at last became so bad, owing to the operations of a gang of forgers who established themselves on the opposite shore of Kowloon that
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Government Eash are
equal to one
Follar,
the Proclamation in this respect a:
all others has been
a
uillity.
Until
very
lately, however,
A
!
درا
momber fully equal to that specifick
in the Proclamation has passed in the Colony for a dollar in consequence of the large quantity of spurious Cart which has been in circulation throughout china for years, notwithstanding the strong incasines taken by the Government to the illicit manufacture of it, Suppress by awarding death as the punishment
The established rule amongst Wite Prop Keepers of
For
forging.
the Colony until
Entely has been to accept cash in
12.
payment, provided each sting oid not
contain mne
than
a certain number
of forged each _ the proportion I believe
was generally about two thirds Government cash to one think
anged each, bout sometimes the proportion of
the
forced each
one half and even
This minstime
F
even seven tenths. which I forward
by
name & "current:
specimen, went on the
"Specimen of Current Cork. I
a
Cash" and from 1,200 to 1300 have usually
been considered equal to a dollar. The forged cacl have however been
gradually deteriorating in quality, and at last became so bad, owing to the operations of a gang
of forgers who established themselves
on
the opposite shore
5
Kowloon that
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