A new prefect of the name of Ting arrived by the Kuweilee and_on Sunday took over the seals of office. He is an elderly man, Hanlin and a native of Fukien. Proclamations are being issued at regular intervals regarding the new coinage, but the people have not yet taken to the new system. Consequent upon the uncertainty of the money market the exchange of silver into cash is suffering. A few years ago the exchange was reckoned poor at 1,400 cash per tael, but now we consider ourselves The bankers declare the cish exchange well off when we can get 1,200 per tael. will fall to 1,000 cash per tael.
Text read from the printed page and cleaned; old type leaves the occasional error.