CO129-382 - Public Offices - 1911 — Page 205

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Extract from South China Morning Post of 19th JOct.

6 JAN 1911

Commencement of the minting of Subsidiary Coinage.

The Canton mint or currency factory has, since the fifth moon, stopped minting all coins and the expenditure for ite upkeep has run short, all the surplus fund and odds and ends of metal left on the ground of the mint having all been exhausted during the last two months.

At present, on account of the tightness of the money market, the chief and assistant directors of the currency factory have telegraphed to the Board of Finance to ask for instructions whether or not the minting of the twenty cent subsidiary coins should be forthwith commenced for use and circulation to meet the demand of the market.

Now the

Board of Finance has sent them a telegram in reply allowing the minting to be commenced forthwith. All the officers, workmen and coolies belonging to this currency factory have according to the Board's directions proceeded this day to the factory to start work for coining the twenty cent silver pieces.

BANK GUILD'S CIRCULAR ON KWANGTUNG NOTES.

The public is hereby notified that owing to the tight- ness of the money market, caused by the Canton Yuen Fung Yun Bank being implicated by the failure of the Shanghai Yuen Tung Yun this guild yesterday received instructions from high authorities that large sums of money have been advanced from the Government fund and deposited with the different banks of this guild in order to effect a free circulation in the market. This guild has passed a resolution that for all exchanges, receipte and payments in the banks of this guild,

Canton