CO129-170 - Sir Kennedy - 1875 [1-3] -- Acting Governor Austin - 1875 [3-6] — Page 687

information of His Excellency the

use in this.

Administrator that these notes are in general City, but to what extent it. would be impossible to ascertain. All I can say is they are always accepted by the shop Keepers and others in payment of Accounts, and I can always get as many of them as I require at the usual rate of 717 Taels of pure silver per one thousand Dollars. A one Dollar note is therefore accepted as the equivalent value of a silver dollar of good weight and fineness, for if presented at the Bank it

would be cashed as such.

673

In my opinion the withdrawal of one dollar notes from currency

would cause -

great inconvenience both to ___ Foreigners and Chinese, for there is no measure. of value current but the foreign dollar, which is not only a heavy and

cumbersome coin, but unless new and free from

A

multiplicity of chop marks is always weighed when taken, __ whereas a large quantity of notes can be carried about the person of travellers or others, unknown to the public, which is a great