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Chinese Bill History


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#1 Liu

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Posted 16 April 2008 - 02:18 PM

Hi all,

I got a few bills from China and recently, I could acquire this one. I am not sure about its history and any help to understand it would be greatly appreciated.

Posted Image


Posted Image

I read that the first chinese people arrived in California in 1848. Six years later, they were 11700 and then 35000 around the year 1860. In 1858, a first wave of Chinese immigrants left to Canada. Then, hundreds of Chinese people left the west coast of the United States for the valley of Fraser in British Colombia: it was the gold rush. During the next decades, chinese workers were imported for the construction of railways, and in particular the 'Canadian Pacific Railway'. In 1882, there were around 8000 Chinese on the canadian west coast...

My questions are :
How were the Chinese Railways workers paid in America ? Is this bill chinese or american ? How did it work ?

Thank you
问世间情为何物,直叫生死相许?

#2 William O'Chee

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Posted 18 April 2008 - 05:40 AM

Hi all,

I got a few bills from China and recently, I could acquire this one. I am not sure about its history and any help to understand it would be greatly appreciated.

Posted Image


Posted Image

I read that the first chinese people arrived in California in 1848. Six years later, they were 11700 and then 35000 around the year 1860. In 1858, a first wave of Chinese immigrants left to Canada. Then, hundreds of Chinese people left the west coast of the United States for the valley of Fraser in British Colombia: it was the gold rush. During the next decades, chinese workers were imported for the construction of railways, and in particular the 'Canadian Pacific Railway'. In 1882, there were around 8000 Chinese on the canadian west coast...

My questions are :
How were the Chinese Railways workers paid in America ? Is this bill chinese or american ? How did it work ?

Thank you

This bank note is Chinese, since it is denominated in "Yuan of the National Coinage of the Republic of China".

It was printed by the American bank Note Co of New York, but it is still a Chinese bank note, and it was issued in Shanghai in October 1914. The issuance in Shanghai is significant.

In HK until the 1980s, a number of banks had the right to issue bank notes denominated in HK dollars. These banks included Standard Chartered Bank, and Hong Kong and Shanghai Banking Corporation. I assume that in this case the Bank of Communications had a similar right to issue notes in Shanghai.

While this may seem a little strange, it is not unreasonable. Remember that Shanghai was home to a number of foreign enclaves until the Japanese capture of the city over twenty years after this note was issued. As it could not be guaranteed that all the foreigners in Shanghai could read Chinese, the note may well have been printed in English as well as Chinese to ensure it would be more acceptable.

I hope this helps.

#3 Publius

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Posted 19 April 2008 - 08:18 PM

Yeah, I really can't much more than what William already mentioned. This bank note was printed in Shanghai in 1914 by the American Banknote Company for the Bank of Communications. Other notes were also issued by others in Shanghai's foreign settlements, such as those by the German colonies: http://www.germannot...nies_asia.shtml. Here is a site selling a note just like the one you mentioned: http://www.collectst...mofrbaofco.html

You can see these foreign settlements on the Maps of Divisions of Shanghai thread.

If you find more about these notes, please let us know.
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#4 Liu

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Posted 22 April 2008 - 02:27 PM

Thank you both for these interesting informations.
Give me some time to read these links, I got some other old bills for which I could find more information now.
And yes, of course, I will share with you any useful information. ^_^
问世间情为何物,直叫生死相许?




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