Online Encyclopedia

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

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Originally appearing in Volume V26, Page 354 of the 1911 Encyclopedia Britannica.
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TAEL (Malay tail, tahil, weight, probably connected with Hind. Zola, weight), the name current in European usage for the Chinese Jiang or ounce, the Jiang of fine uncoined silver being the monetary unit throughout the Chinese 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 " cash." As a 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 weight of 58—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 CHINA: § Finance).
End of Article: TAEL (Malay tail, tahil, weight, probably connected with Hind. Zola, weight)
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