connected with the possible success of The Mint, if that establishment could be permanently maintained. It must obviously be often useful and profitable to the Bank's interests at least, but the propriety of keeping it open for a long time, at the cost of the Colony is a totally different matter. Even on that point, however, there is apparently not much doubt owing to the great commercial depression which has existed in China for the last three years and the general shock to credit in the East, which has resulted in part—but in part only—from that suffered in Europe at an earlier period, and which has left but five out of eleven Banks remaining at Hongkong, whilst many firms, some of them of the very highest standing, have fallen.
The question, which has occupied the attention of Her Majesty's Government since last February, has yet to be decided. I am not aware that any decision has been arrived at. It would be very difficult to decide what effect, if any, and if so of what nature, has been produced on the success of The Mint.
62. These events have been very painful to witness, though ultimately they may evolve good from evil if hereafter they tend to reduce speculation within more reasonable limits, and
connected with the possible success of The Maint. if that establishment could
be permanently maintained. It must obviously be often useful and
and profitable
to the Bank's at least, but the propriety of Reeping it open lar
wen low a
for
such
a reason
month, at the cast of the
Soolony is a totally different matter. Even
that point however is apparently not
of the Mint by the great
125
Commercial
depression which has existed in China
for the last three
years
and the
the gen
general
shock to credit in the East, which has
noulted in part-but in part only-from
that suffered in
Europe
at
an
earlier
year!
and which
period in the curent
has left but five out of eleven Banks
remaining at Honghong, whilst
wwwnerOMAD
the
very
easy
of solution, for
it is a
question
firms,
some of them of the
very highest
strinding, touch as
fallen.
has
which occupied the attention of ober
"Meapesty's Government since last tebuary,
hus yet been arrived at.
sion
and
I am not
aware
that
any
decision
bt. It would be
very difficult
to decide
what
...
whether
ang effect and if so of
nature has been produred on the succes
that of Dent Thave
62. These events have been
very
#
painful to witness, though ultimately
they may evaleegoud from evil if + hereafter they tend to reduce speculation within more reasonable limits, and
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