Online Encyclopedia

TAEL (Malay tail, tahil, weight, prob...

Online Encyclopedia
Originally appearing in Volume V26, Page 354 of the 1911 Encyclopedia Britannica.
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TAEL (
See also:
Malay tail, tahil,
See also:
weight, probably connected with
See also:
Hind. Zola, weight)
  , the name current in
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European usage for the Chinese Jiang or
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ounce, the Jiang of
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fine uncoined
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silver being the monetary unit throughout the Chinese
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empire . The tael is not a coin, the only silver currency, apart from imported dollars, being the ingots of silver known as " sycee "; the only other native currency is the copper "
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cash." As a
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money of account the tael is divided into to mace (tsien), loo conderin or candereen (fun), boo i . The value varies with the price of silver . The " Haikwan tael," i.e. the custom-house tael, that in which duties are paid to the Imperial Maritime Customs, is a
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weight of 58โ€”77 grains Troy, the value of which varies; thus it was reckoned at 3S. d. in 1905, 3s . 32d. in 1906, 3S . 3d. in 1907, and 2S . 8d. in 1908 (see
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CHINA: ยง
See also:
Finance) .

End of Article: TAEL (Malay tail, tahil, weight, probably connected with Hind. Zola, weight)
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