CO129-244 - Governor Des Voeus Acting Governor Fleming - 1890 [1-4] — Page 52

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed

Probably, however, at least ninety per cent of the coins issued find their way, within a few months, into China, where it is absorbed by the vast population and almost disappears. I was informed, the other day, of a shipment of ten thousand dollars worth of these coins to Foochow, the capital of the Fukien Province, itself a district as large as the United Kingdom.

A watch will be carefully kept not only on the operations of the extensive mint established at Canton (which is not, however, in active operation, and, from all I can learn, is not likely to be), but also on the tentative movement in favour of a silver coinage recently made by some of the higher officials of the Chinese Empire.

The market price of Hongkong subsidiary coin has lately been about 8 per cent premium. During the last seven years it has fluctuated between 13 and 14 per cent premium, excepting such periods as the eve of the Chinese New Year when it has occasionally risen higher.

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51 Probably, however, at least ninety per cent of the coins issued find their way, within a few months, into China, where it is absorbed by the vast population and almost disappears. I was informed, the other day, of a shipment of ten thousand dollars worth of these coins to Foochow, the capital of the Fukien Province, itself a district as large as the United Kingdom. A watch will be carefully kept not only on the operations of the extensive mint established at Canton (which is not, however, in active operation, and, from all I can learn, is not likely to be), but also on the tentative movement in favour of a silver coinage recently made by some of the higher officials of the Chinese Empire. The market price of Hongkong subsidiary coin has lately been about 8 per cent premium. During the last seven years it has fluctuated between 13 and 14 per cent premium, excepting such periods as the eve of the Chinese New Year when it has occasionally risen higher.

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51 Probably, however, at least minety per cont f the com issued. issi within a fewr : finds its way, months, into China, where it is absorbed by the vast, I population and almost divappea I was informed, 73. the other day, of a shipment of ten thousand $10,000. dollars worth of these coins to Froakow, the ik corpital of the Fukien Prominee, itself a district as large að the United Kingdom. of cour A watch will of be carefully kept not only on the operations of the extensive mint n established at Canton (which is not, however, in active operation, and. from M white? from all I can learn is, as in regards silver coinage, not likely to be), best also On the tentative movement in in favour of a. silven by some mes coinage recently made of the higher officials of the Chinese_ Empire. The Market price of ~ Hongkong subsidiary coin has lately 8 per cent premiums been about 8 During the last seven year it has fluctuated between 13 and 14 per cent premium, of excepting such periods Q New Year as the eve ~~ of the Chinese when it has occasionally Miser

2026-05-25 23:25:23 · Baseline

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Probably, however, at least minety per

cont

the com issued.

issi

within a fewr

: finds its way,

months, into China, where

it is absorbed by the vast,

I population and

almost divappea I was informed,

73.

the

other day, of a shipment of ten thousand $10,000.

dollars worth of these coins to Froakow, the

corpital of the Fukien Prominee, itself a

district as

large

að

the United Kingdom.

of cour

A watch will of

be carefully kept not only

on the

operations of the extensive mint n

established at Canton (which is not,

however, in active

operation,

and.

from

white?

from

all I can learn is, as

in regards

silver coinage, not likely to be), best also

the tentative

movement in

in favour of

silven

by some

mes

coinage recently made

of the higher officials of the Chinese_

Empire.

The Market price of ~

Hongkong subsidiary coin has lately

8 per

cent premiums

been about 8

During the last seven

year

it has

fluctuated between 13 and 14 per cent premium, of excepting such periods

New Year

as the

eve

of the Chinese when it has occasionally

Miser

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