[
    {
        "id": 204403,
        "series_id": 26,
        "series_slug": "histsyn-rashkb-journal-engine",
        "series_title": "RASHKB Journal 皇家亞洲學會香港分會學刊",
        "series_use_hku_proxy": false,
        "document_key": "RAS-1962",
        "page_number": 35,
        "title": "RAS-1962",
        "content_text": "26\n\nCURRENCY PROBLEMS IN A CYCLE OF CATHAY\n\nG. FINDLAY ANDREW, O.B.E.*\n\n44\n\nIn these days of simplified travel, when one may either \"pay as you go\" or travel first and pay later; when the traveller is spoon-fed by agencies and bear-led by travel bureaux, the many difficulties which faced the would-be traveller in the Chinese Empire during the early days of this century are almost entirely forgotten. Not the least of these were the many problems which arose in connection with financing such journeys. I shall only refer to foreign exchange very briefly as my subject has to do with the disbursement of Chinese currency. Suffice to say, in passing, that the sixty years under review has witnessed the pound sterling at $2.90 Mex, and the U.S. $ at sixty cents Mex. at the nadir, through to the astronomical zenith of 1949 when staffs had to be paid in the National currency twice daily and then given time off to spend the money before it deteriorated further.\n\nTo-day the would-be traveller presents himself, hat in hand before the Manager of his bank, arranges an overdraft, converts the proceeds into letters-of-credit or travellers' cheques, then proceeds blissfully upon his way shedding rays of sunshine through the distribution of his \"promises to pay\". This was not so in the days at the turn of the century. Then, the traveller in the interior of China might be able to engage his transport by payment with the native bank draft or gold or silver bullion, but the day by day road expenses had to be paid in the existing common currency of China, the old brass cash—the coin with a square hole in the centre. At that time the issuance of this currency was under the control of the Imperial Throne and new issues were uttered by each fresh monarch, perpetuating his memory by the inscription thereon. The value of the brass cash was based upon the tael of silver and fluctuated with the law of supply and demand. In the larger centres the daily rate of exchange was fixed by the Chamber of Commerce.\n\nBut in the matter of the exchange of silver into cash at the exchange shops there were many vagaries to be taken under\n\n*The author was born in China and was engaged for many years there in welfare work,",
        "txt_file_path": "txt/dfo323lmgvd/RAS-1962.txt",
        "external_url": "https://digitalrepository.lib.hku.hk/catalog/9s166f47f",
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    {
        "id": 212503,
        "series_id": 26,
        "series_slug": "histsyn-rashkb-journal-engine",
        "series_title": "RASHKB Journal 皇家亞洲學會香港分會學刊",
        "series_use_hku_proxy": false,
        "document_key": "RAS-1991",
        "page_number": 57,
        "title": "RAS-1991",
        "content_text": "37\n\nhistory) Hong Kong, Xinya Yanjiusuo\n\nRawski, Thomas G. 1970. Chinese Dominance of Treaty Port Commerce and its Implications, 1860-1875. In Explorations in Economic History 7/4, 451-73.\n\nRedding, Gordon S. 1991. Weak Organizations and Strong Linkages: Managerial Ideology and Chinese Family Business Networks. In Gary Hamilton (edited), 30-47.\n\nRhoads, Edward J. 1975. China's Republican Revolution: the Case of Kwangtung. Cambridge and Massachusetts, Harvard University Press.\n\n1977. Merchants Associations in Canton, 1895-1911. In William Skinner (edited), 97-117.\n\nRowe, William T. 1984. Hankow: Commerce and Society in a Chinese City, 1796-1889. Stanford, Stanford University Press.\n\nSekkó Zaibatsu (The Zhejiang financial clique). Edited by Mantetsu Shanhai Jimusho. Shanhai, Mantetsu Jimusho, 1929.\n\nShanghai duiwai maoyi (Shanghai foreign trade, 1840-1949). Compiled by Shanghai Shehui Kexueyuan Jingji Yanjiusuo and Shanghai-shi Guoji Maoyi Xuehui Xueshu Waiyuanhui. Shanghai Academy of Social Sciences Press, 1989.\n\nShanghai Sojourners. Edited by Frederic Wakeman and Wen-hsin Yeh. Berkeley, Institute for East Asian Studies, University of California, 1992.\n\nSinn, Elizabeth. 1989. Power and Charity: The Early History of the Tung Wah Hospital. Hong Kong, Hong Kong Oxford University Press.\n\nSkinner, William G. 1974 (edited). The Chinese City: City Between Two Worlds. Stanford, Stanford University Press.\n\n1976. Mobility Strategies in Late Imperial China: A Regional-System Analysis. In Regional Analysis, Volume One: Economic Systems, 327-64. Edited by Carol A. Smith. New York, Academic Press.\n\n1977 (edited). The City in Late Imperial China. Stanford, Stanford University Press.\n\nSmith, Carl T. 1983. Compradores of the Hongkong Bank. In Frank H. H. King (edited), 93-111.\n\n1985. Chinese Christians: Elites, Middlemen, and the Church in Hong Kong. Hong Kong, Oxford University Press.\n\n1993. Hong Kong Chinese Wills, 1850-1890. Unpublished paper presented at the International Conference on Folk Documents and Regional Society in South China, Hong Kong University of Science and Technology.\n\nSu, Waigong. 1933. Xianggang, Shanghai, Guangzhou shangye mingrenlu (Prominent business characters of Hong Kong, Shanghai, and Canton). Shanghai, Shangye Bianshu Gongsi.\n\nTopley, Marjorie. 1964. Capital, Savings and Credit among Indigenous Rice Farmers and Immigrant Vegetable Farmers in Hong Kong's New Territories. In Capital, Saving and Credit in Peasant Societies: Studies from Asia, Oceania, the Caribbean and Middle America, 157-86. Edited by Raymond Firth and B. S. Yamey. London, George Allen & Unwin.\n\n1968. The Role of Savings and Wealth among Hong Kong Chinese. In Hong Kong: A Society in Transition, 167-227. Edited by Ian C. Jarvie and Joseph Agassi. New York, Frederick A. Prager.\n\nToyama, Gunji. 1944. Shanhai Dota: Go Kensho (The Shanghai taotai Wu Jianzhang). In Gakkai 1/7, 45-54.\n\n1945. Shanhai no shinsho: Yo Bo (A gentry-merchant in Shanghai: Yang Fang). In Toyoshi Kenkyu 1/4, 17-34.\n\nTsai, Jung-fang. 1975. Comprador Ideologists in Modern China: Ho Kai (Ho Chi, 1859-1914) and Hu Li-Yuan (1847-1916). PhD thesis, University of California, Los Angeles.",
        "txt_file_path": "txt/dfo323lmgvd/RAS-1991.txt",
        "external_url": "https://digitalrepository.lib.hku.hk/catalog/k356gt84j",
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    },
    {
        "id": 213266,
        "series_id": 26,
        "series_slug": "histsyn-rashkb-journal-engine",
        "series_title": "RASHKB Journal 皇家亞洲學會香港分會學刊",
        "series_use_hku_proxy": false,
        "document_key": "RAS-1994",
        "page_number": 88,
        "title": "RAS-1994",
        "content_text": "68\n\nback door. In this way prosperous winds are not allowed to blow straight out of the other side. Considerable care was taken, too, in selecting the positions and angles of the two long escalators leading up to the first floor of the Bank. They should not directly 'confront' the entrance.\n\nUnlike most enterprises in urban Hong Kong 'The Bank' still has an open space in front of it and a sea view. The harbour is the bathing place of the dragon. With water signifying money this is important. Water is the most powerful of all the Elements. It is non-resistant. It can wear away rocks. A deluge can sweep all before it.\n\nIn many cases planners go to some lengths, among other measures, to ensure that interior water features assist good joss to circulate throughout a building. The height of the ejection of water of a fountain is often considered important.\n\nThe now liquidated Hong Kong Branch of the Bank of Credit and Commerce was sadly not so wise. '... the BCC displayed a large water feature which cascaded away from the entrance... this means (in fung shui terms) wealth pours out of the bank. I am surprised anyone should put their money into this bank in the first place,' a fung shui master contended.\n\nThere are countless cases where western managements have paid consideration to fung shui in Hong Kong (Saw, 1990:8) In Exchange Square, for example, a special skylight was installed and the 'water curtains' on either side of the two escalators are spectacular. In the Hyatt Regency Hotel doors and furniture were repositioned.\n\nVirgin Atlantic Airways timed their first flight to the Far East to start on a propitious day. Marks and Spencer buried lucky gold coins in strategic positions under floors in its stores, and Arthur Andersen, the accounting firm, also pays regard to the 'caring philosophy'. Asians, of course, like to see Westerners respecting their culture. In turn, it is good for business (Sunday Times, 1995:16).\n\nThe author has no hard data, but his personal recollections are that clearly far more interest is shown in fung shui by western establishments today than 40 or so years ago. Certainly there is far more interest in it now than there was between the two World Wars. Going back still further,",
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        "external_url": "https://digitalrepository.lib.hku.hk/catalog/zk522640g",
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    {
        "id": 213887,
        "series_id": 26,
        "series_slug": "histsyn-rashkb-journal-engine",
        "series_title": "RASHKB Journal 皇家亞洲學會香港分會學刊",
        "series_use_hku_proxy": false,
        "document_key": "RAS-1996",
        "page_number": 239,
        "title": "RAS-1996",
        "content_text": "213\n\nrelationship with Chen - they \"did not see eye to eye... [they] thrashed out their differences round the Council table which... they thumped.\"\n\nTo arrange the finance of the new Government, Sun decided to reorganize the province's currency. The new policy was a total abolition of the existing currency and the introduction of a brand new currency under a new government bank. Originally, the new bank was to have had a reserve of $10,000,000, but it turned out that the Canton government could only put up 30% of the original amount. As a government bank, it had the right to issue new currency, to control the treasury and the salt gabelle in Guangdong. The crucial thing it lacked, as shall be seen, was credit worthiness. The merchant's prediction proved correct. In response, the chambers of Commerce wrote a joint letter to Sun, stating that \"to cancel the existing currency (issued by the Bank of China in Canton) was equivalent to an act of sentencing them to the death penalty.\" Ending the letter, the chambers warned the government that \"if the creditability of the Government was shattered [by this incident], the new notes issued by the Provincial Bank of Guangdong may suffer too.\" The brand new currency issued by the new government bank, amounting to $1,500,000, depreciated sharply once it began circulation.\n\nIt was in March 1921 that Chen Jiongming secretly approached \"the leading Chinese merchants in Hong Kong,\" requesting them to form into an advisory council for the Guangdong Government, which was responsible for giving advice on the \"administration of the province in relation to civil and financial matters.\"\n\n**\n\nCoinciding with Chen's move, it was Liu Zhubo who submitted a confidential report to the Governor of Hong Kong on a scheme to finance a new government in Canton - \"the object of the proposed organization was to finance Chen Ch'iung-ming (Chen Jiongming) and enable him to sever [his] connection with Sun Yat-sen.\" According to Liu Zhubo's proposal, this new Canton government was to be modelled \"after the form of government of Hong Kong\" under the supervision of the Cantonese merchants. In Liu's words:\n\nThe Political ship of Canton - officiated, manned and navigated as it now is - is bound to strike rock... what the Chinese merchants in Hong Kong and Canton should do, and do at once, is to prepare and",
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        "external_url": "https://digitalrepository.lib.hku.hk/catalog/3n209j641",
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