THE HONGKONG GOVERNMENT GAZETTE, JULY 5, 1907.
835
COLONIAL SECRETARY'S DEPARTMENT,
No. 441.--Whereas there is an excessive amount of Chinese coins at present in circula- tion within the Colony and whereas residents may be deceived as to the value of these coins it is hereby notified for public information that the proper market value of a nominal dollar's worth of so-called subsidiary coins minted at Canton or other places in China is only about
ths of the value of the standard coin of the Colony.
Thus ten of the Chinese ten cent pieces are worth only about 89 cents of the Mexican dollar.
Residents are therefore warned against accepting these foreign coins at more than the value stated unless they have previously agreed to do so.
The legal limit of tender of Hongkong subsidiary coins is $2 nominal value in silver and $1 in copper.
The public is also informed that whereas at present the Hongkong subsidiary coinage is at a discount in the market all such coin received in accordance with law by Governinent Departments is being retained and not re-issued. It will from time to time be melted down and sold so as to reduce the amount, in circulation, of such coinage to that required by the necessities of business in the Colony.
Any person or Company doing business in the Colony may, on application to the Colonial Secretary, or Registrar General for Chinese firms, be furnished with copies of this notice for posting up on their premises.
3rd July, 1907.
A. M. THOMSON,
Colonial Secretary.
COLONIAL SECRETARY'S Department.
No. 442.-Returns of the Average Amount of BANK NOTES in Circulation and of Specie in Reserve in Hongkong, during the month ended 30th June, 1907, as certified by the Managers of the respective Banks.
BANKS.
Chartered Bank of India, Australia and China,
Hongkong and Shanghai Banking Corporation,
National Bank of China, Limited,
1st July, 1907.
AVERAGE AMOUNT.
SPECIE IN RESERVE.
$
3,197,611
2,300,000
16,338,873
11,000,000
215,799
100,000
TOTAL,......
S
19,752,283 13,400,000
A. M. THOMSON,
Colonial Secretary.
No comments yet.
Private notes are available after approval.