CO129-519-7 Hong Kong currency- minting of silver dollars 1-11-1929 - 5-2-1930 — Page 26

42o. 62821.

Extract from Times. 12 Nov. 1929.

MINTING OF HỎNG-KONG

DOLLARS

It has recently been decided that the British silver dollar should circulate in Hong- kong on a parity with notes, which have hitherto commanded a substantial premium. On the basis of present prices, state Messrs. Samuel Montagu and Co., in their weekly bullion letter, dollars coined and laid down in Hong-kong show a profit as against a purchase of exchange, and there has therefore been created a certain demand for the coins. Orders for coinage have been placed with the Royal Mint. As the Mint has been able to provide most of the silver required from demonetized British silver coin of the old standard, this demand for dollars has so far been without effect on silver prices. It is not considered that the demand for the coins will involve any large purchases of new silver.

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J.L.Dept.

Have you heard anything of this? wordengking

We have not in G.D.

G.L.M. Canon

1/20/29.