That answer might be returned to this Portuguese Minister to the following effect: -
The currency of Hongkong is on a silver basis, the Mexican dollar being the standard of value. All accounts are kept in Colonial currency, and all the Colonial Civil Servants are paid in it. The necessity therefore does not arise of posting an official value to the dollar, as is done in the case of Macao by the Decree of last month.
Enclosed is a copy of a letter dated September last, when the salaries computed in dollars were raised.
No official rate of exchange is fixed by the Colonial government, except for the payment of half salary to officers on leave, or pension to officers living in this country.
The rate for remittance purposes was, till 1890, $4 1/2 to the dollar, Sterling being issued at 4/- for issue of leave salaries, and 3/9 for issue of pensions. No further change has at present been made in these rates of exchange.
Page 24
that
answer might.
be returned to this
Portuguese Minister
to the following effectis -
The currency of
Hongkong.
is an a silver
basis, the Mexican
dollar being the standard
of value
all
com, in which the
account
Par
are
In Colonial
kept,
govemment, and in
which all the Colonial
Civil Servants are
paid. The necessit
therefore
does not
arise of posting fficial value to
the dollar,
as is done.
in the case of Macas by the Decree
the
last,
thany.
Portuguese for Enclosed
while on the Spit
Ий бул
when the salar
24
Valaries) computed in dollars were raised
ein Jum
letter
September last].
द
//112
No official rate of exchange is fixed
by the Colonial for?,
exelf except for the
Salary or half selay to
payment of officer of pennine tired
leave, or
living
or Men sphid
Officers in this country
Mis
The rate for
worsport purpose was of t 1890, 44 1/2 to the dollar, Stered in
but was ad
S
Lege) & 4/- for issue.
of leave salaries, and
ي
3%/% ? for issue of pensions. Ito further change thras at present been made in these rates of
Exchange
!
THE
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