[An Australian in China by George Ernest Morrison]@TWC D-Link bookAn Australian in China CHAPTER XIV 2/21
The yield must be a rich one despite the ineffective appliances that are employed in its extraction.
Gold has always been abundant in this province; at the time of Marco Polo's visit it was so abundant that its value in relation to silver was only as one to six. When gold is worth in Shanghai 35 times its weight in silver, it may be bought in Yunnan City or Talifu for from 25 to 27.5 times its weight in silver, and in quantities up to hundreds of ounces.
To remit silver by telegraphic transfer from Shanghai or Hong Kong to Yunnan city costs six per cent., and either of the two leading banks in the city will negotiate the transfer from their agents at the seaports of any amount up to 10,000 ounces of silver in a single transaction.
The gold can always be readily sold in Shanghai or Hong Kong, and the only risk is in the carriage of the gold from the inland city to the seaport.
So far as I could learn, no gold thus sent has gone astray.
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