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Enclosure 2.
Extract from the "South China Morning Post" of
19th.November, 1912.
Chinese Coins Barred.
Gratifying Success.
256
251
40483
RECE REG 21 DEC 12
Yesterday, the new movement came into operation in many parts of Hongkong whereby the acceptance of Chinese silver coins was barred. On the electric cars on the lower levels not the slightest hitch took place from the moment the first car left the shed. An official journeyed by it, in the third class compartment, and it was marvellous how readily British coins were brought out. People had provided for the new rule, and few had to step off the car as they were boarding it because they heard the announcement made by the conductor that only Hongkong coin would be taken. The local token must have been called into circulation in large quantities, for thousands of pieces are handled daily by the servants of the Tramway Co. The Chinese know that it would cost them 15 cents probably to ride in a rickshaw from West Point to Causeway Bay, wenreas it only means the provision of a British five cent piece and they are accommodated on the car. Conversing with a prominent Chinese merchant yesterday, a Tramway official was informed that the Canton authorities were delighted with the rule enforced by many firms in Hongkong in regard to the acceptance of British coin only. Serious trouble has been experienced in the Two Kwangs, and there has been a snortage of silver coins, This ban now placed on the Chinese token will
aterially assist our neigbours.
The King Edward Hotel has notified its patrons that no Chinese
coins will be taken there.
Na incident of any note took place on the Star Ferries in connect- -ion with the new demand yesterday. Strange to relate, a local gentle- -man made enquiries on Monday morning as to how British copper coins stood at exchange and a broker quoted as follows:-
81 Hongkong note, 104 British copper cents.
5 Chinese 20 c. pieces, 98 copper cents.
10 Chinese 10 o. pieces, 97 copper cents.
Some Chinese who boarded the electric cars near the Central
Market were somewhat astonished when the demand for British coins was
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