CO129-420 - Governor Sir May - 1915 [1-2] — Page 169

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1.

Silver Dollars. 900 fine.

2.

Hongkong Silver Dollar

Mexican Dollar.

}

British Dollar.

Subsidiary Coin:-

Silver.

50 cents

20

10

师

5

Copper.

1 cent

A dollar contains 100 cents.

3.

None.

4.

10872

¡Reck

REG MAR15)

166

All of equal value. Current silver! dollar no limit.

Legal tender up to $2.00.

Legal tender up to 1.00.

Yes. Paper money issued by Private Banks. No Government Hotes.

(a) No.

(b) By Honkong, and Shanghai Banking Corporation. Ordinance No.2

of 1866.

By Chartered Bank of India, Australia & China. British

Government Charter of 29th December, 1855.

By Mercantile Bank of India, Ltd. Ordinances No.65 of 1911

and No.4 of 1913.

(c)

Yea.

(a)

No. A reserve partly in silver dollars is held and approved

securities deposited with the Crown Agents in London.

(e) No.

5.

None.

6.

7.

8.

9.

$30,862,727 paper money. Silver dollar no estimate.

-

831,392,370 Subsidiary coin (during 1914).

Supplies of currency are obtained by the Banke according to the

demand. The balance is maintained by importing if the currency is deficient and by shipping out of the Colony if it is Oxcessive.

None. Silver circulates by weight. See Government Notification of

30th March, 1895.

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Average rate of exchange with London during 1914 1/10. The rate

of exchange varies daily.

10.

1