Hongkong, Feb, 8.
The legal one-dollar notes issued by the Hongkong Government replacing sliver dollars since the proclamation of the silver policy Hongkong, are now to be withdrawn the Hongkong & Shanghai Banking Corp, tave received recently a large consignment of their new one-dollar notes from London.
At present the Hongkong & Shanihal Banking Corp. have sufficient one-dollar notes to meet the market demand, and consequently the Government one-dollar notes are to be withdrawn.
Tt is learned from authoritative fireless that more than $6,000,000 silver had been received by the Government within the last two month: According to Government estimate there are about $8,000,000 worth of silver dollars in Hongkong of which about $2,000,000 are in circulation.
The populace here do not care much for silver money since it Is easier and more convenient to carry paper. Many people voluntarily to the Hongkong & Shanghai Banking Corp. to change their silver dollars for new small notes, 28, according to Government order. no one Is allowed to possess more than $10 silver dollars. Besides, there is nothing to be gained by hoarding the silver dollars as they yield na premlums. Because of strict Government] fentorcement of the embargo peopl would not risk smuggling, and thers fore no one would purposely retain the silver.
Text read from the printed page and cleaned; old type leaves the occasional error.