CO129-223 - Governor Sir Bowen Acting Governor Marsh & Others - 1885 [11-12] — Page 23

Table shewing the course of Exchange in Hongkong since 1860.

1865. 1870,

5/2 to 4/6 per dollar.

""

1860 to 1865,.

1870 1875 1880

1875,.

4/6 4/- 4/-

""

3/

>>

** 1880,.

1885,..

3/11, 3/9

3/9*

多多

"

3/55

2}

13

"

The above figures show that exchange has fallen 33.06 per cent. in 25 years.

* Except a few months in the Autumn of 1876, when Exchange rose to 4/4d.

4.

4.

C. O.

22

21 444

RE?

baux 14 DEC 85,

It will be seen that

circumstances have materially

changed since the first proposal

was made to raise the loan in London. Moreover, in addition to

its in

the other arguments

in the Report,

the Chief Justice has written to

Ine as

follows:-

"I beg to state that, in

my opinion, apart from the

other reasone

#

given by the

Finance Committee in respect

"

the desire

desirability of raising the

loan in the

proposed loan

Colony, it

would

th