CO129-177 - Sir Kennedy Acting Governor Austin Lieut Governor Hennessy - 1877 [1-5] — Page 570

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25

568

between Hongkong and Foochow "currency

is a

difficulty, and is to a great extent in

the hands

of the Bank compradores, who

occasionally They

X-L

are not

of however a highly respectable class

one mind thereon.

of men and on the whole deal fairly and equitably with the public in receiving and making paymento in coin. It would be most desirable, if it were possible, to have a fiiced definition of what is a current Dollar in the Colony instead of deponding on the opinion

an

claso

of any the disadvantages of

I

5

but this is one of men, but this in

of

a

" chopped" currency and

am unable to suggest a remedy.

In consi

Considering

the

question

üm

impression may naturally aviez that when

payments are by weight it matters little to

what

what extent the Dollars are chopped" if they

are so defaced at all; batspant from other

considerations which

suggest

themselver, it

is undoubted that chopped Dollars, such an

are current in the South of China, known as "Forchow" "Wollars are depreciated. asto intrinsie

value by the adhesion of a considerable amount

of dirt, small paper labels, gum,

matter to each coin which

and other

are of course

this

weighed with the Dollars. In proof of

the

give following Mint out turns charge= being at the came rate on both whipments

referred to

40,000 nearly clean (i.e. unchopped/Dollars

weighed at 7.1. 7shipped to Calcutta

and

there minted

your

aw out turn of

Hc 231.4

per $100.

44.5′′

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