Page:Indian Journal of Economics Volume 2.djvu/386

 A NOTE ON SOME ANOMALIES IN THE CURRENCY OF HONGKONG PBOFESSOB OF W. J. HINTON, M.a. ECONOMICS UNIVEBSITY OF HONGKONG The currency of China is of great interest o the theorist, for it contains examples of almost every type of money known, and suffers from most. of the diseases to which a currency may be subject. Some at least of these diseases appear to be congious and on that account the' currency of the Colony of Hongkong has not shown that regularity which the British reputation for financial sagacity gives us a right o expect. 'Some of these irregularities are prob- ably disappearing for good, but there is reason to fear that others are more deep-seated in the and will no only in bu also in persist the those of China. uutil radical alterations are currency regulations of In theory Hongkong has a system, Honkong silver standard. Both the Mexican and the Hongkong dollar are unlimited legal tender. There are fifty cent pieces, and baser tokens of twenty, teu, and five cents; there is also a copper coinage of one cent pieces, and a mixed