Journal of the Royal Statistical Society

Cover Journal of the Royal Statistical Society
Journal of the Royal Statistical Society
Jstor (Organization)
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The gold for export comes mainly from the private hoards of wealthy Chinese, where it may have been for generations in the shape of bracelets, hair pins, and other ornaments, being tempted out by the unprecedentedly high price now paid for it. There is also a considerable amount of gold in the shape of bars which pass especially in the north as an article of commerce. It is said that Digitized by VjOOQ IC 1893.] Effect of the Fall in Value of Silver in China. 657 one of the principal uses to wh
...ich such bars are pnt is to serve as the medinm in which presents are made to high officials. It is well known that provincial officials returning to the capital after a few jears' service must conform to time-honoured custom, and an innocent looking flower pot, with a few gold bars under the roots of the plant, is the most acceptable form in which the necessary gratification can be made.
lu one form or other a very considerable amount of gold exists in China, and I apprehend that there will be, so long as the present rate of exchange lasts, a continuous export to Europe.


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