CO129-412 - Governor Sir May - 1914 [7-8] — Page 450

$

PEA

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10. 52.

440

Mr. Jamieson to I. M. Minister.

H.B.M. Consulate-General,

Canton,

August 7th,

1914.

In continuation of my despatek No. 30 Confidential

of July 8örd last, I have the honour to report that the redemption of the old paper surrency of the Canton pro-

vince was duly completed on July 51st.

The final figures were as follows:-

Provincial Hotes redeemed...

.$51,645,604.

How Noten issued ...

-$34,800.928 -

Reserve on July 51st

.$ 4,285,000.

Notes in circulation on July 31 $ 6,664,000. New notes cashed to August 1 ...$ 6,800,790.

The last lot of notes was presented about ? p.n. on

July 31st and was the property of Kang Yu-wei.

The following figures are interesting as showing

the accuracy of the various estimates.

The original estimate of notes in sirculation made by

the Provinsial Freasury was:-

Sir John Jordan, G.0.1.E., X.0.B., K.G.M.G.,

Kis Majesty's Minister,

PEKING.

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