Tael
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Tael
Tael
Chinese name
Traditional Chinese?
Simplified Chinese?
Vietnamese name
Vietnameselng, l?ng
Hán-Nôm?
Korean name
Hangul? (N)/? (S)
Hanja?
Mongolian name
Mongolian Cyrillic
Mongolian script
Japanese name
Kanji?
Hiragana(hist. )
Malay name
Malaytahil / ? (Jawi)
Indonesian name
Indonesiantahil
Manchu name
Manchu script?
Möllendorffjiha
Khmer name
Khmer
Tangut name
Tangut?
Miyake transcription2lu3
Buryat name
Buryat

Tael ,[1] also known as the tahil and by other names, can refer to any one of several weight measures used in East Asia and Southeast Asia. It usually refers to the Chinese tael, since 1959 standardized to 50 gram and a part of the Chinese system of weights and currency.

In Hong Kong and Singapore, it is equivalent to 10 mace (Chinese: ?; pinyin: qián) or 116 catty,[2][3] albeit with slightly different metric equivalents in these two places. These Chinese units of measurement are usually used in Chinese herbal medicine stores as well as gold and silver exchange.

Names

The English word tael comes through Portuguese from the Malay word tahil, meaning "weight". Early English forms of the name such as "tay" or "taes" derive from the Portuguese plural of tael, taeis.

Tahil ( in Singaporean English)[4] is used in Malay and English today when referring to the weight in Malaysia, Singapore, and Brunei, where it is still used in some contexts especially related to the significant Overseas Chinese population.

In Chinese, tael is written ? (simplified as ?) and has the Mandarin pronunciation li?ng. The phrase "half a catty, eight taels" bàn j?n, b? li?ng) is still used to mean two options are exactly equivalent, similar to the English "six of one, half-dozen of the other".

Historical usage

A Chinese silver li?ng ( / ) with stamps Used in Central Asia as a "Silver Hoof" ingot.
Japanese Edo era tael weights for balance scales, made of bronze. In descending size, 30, 20, 10, 5, 4, 3, and 2 tael weights.

In China, there were many different weighting standards of tael depending on the region or type of trade. In general the silver tael weighed around 40 grams (1.3 ozt). The most common government measure was the Kuping (; kùpíng; 'treasury standard') tael, weighing 37.5 grams (1.21 ozt). A common commercial weight, the Caoping (; cáopíng; 'canal shipping standard') tael weighed 36.7 grams (1.18 ozt) of marginally less pure silver.

As in China, Japan and Korea used the tael (Japanese; Hepburn: ry?; Korean?/?; Hanja?; RRnyang/ryang) as both a unit of weight and, by extension, a currency.

Tael currency

Imperial China

Traditional Chinese silver sycees and other currencies of fine metals were not denominated or made by a central mint and their value was determined by their weight in taels. They were made by individual silversmiths for local exchange, and as such the shape and amount of extra detail on each ingot were highly variable; square and oval shapes were common but "boat", flower, tortoise and others are known. The tael was still used in Qing dynasty coinage as the basis of the silver currency and sycee remained in use until the end of the dynasty in 1911. Common weights were 50, 10, 5 and one tael. Before the year 1840 the government of the Qing dynasty had set the official exchange rate between silver sycees and copper-alloy cash coins was set at 1000 wén for 1 tael of silver before 1820, but after the year 1840 this official exchange rate was double to 2000 wén to 1 tael.[5]

During the reign of the Xianfeng Emperor, the government of the Qing dynasty was forced to re-introduce paper money, among the paper money it produced were the Hubu Guanpiao (?) silver notes that were denominated in taels.[6][7]

The forced opening of China during the Qing dynasty created a number of treaty ports alongside the China's main waterways and its coastal areas, these treaty ports would fundamentally change both the monetary system of China as well as its banking system, these changes were introduced by the establishment of European and American merchant houses and later banks that would engage in the Chinese money exchange and trade finance.[8]

Between the years 1840 and 1900, 1 market tael was worth 1.38 Spanish dollars.[5]

Various Western banking companies, the largest of which were the HSBC, and later Japanese banking companies started to begin to accept deposits. They would issue banknotes which were convertible into silver; these banknotes were popularized among the Chinese public that resided in the treaty ports.[8]

An important development during this era was the establishment of the Imperial Maritime Customs Service. This agency was placed in charge of collecting transit taxes for traded goods that were shipped both in and out of the Chinese Empire, these rules and regulations were all stipulated in various trade treaties that were imposed on the Qing by the Western colonial powers.[8] Because these changes were implemented during the height of the Taiping Rebellion, the Western powers had managed to take over the complete administration of the Qing's maritime customs from the imperial Chinese governmental bureaucracy.[8]

The Imperial Maritime Customs Service developed the Haikwan tael (), this new form of measurement was an abstract unit of silver tael that would become the nationwide standard unit of account in silver for any form of Customs tax.[8] The Haikwan tael was preferred over the Kuping tael () by many merchants across China, this was because the units of the Kuping tael varied often to the advantage of imperial tax collectors, this form of corruption was an extra source of income for government bureaucrats at the expense of traders.[8] The Haikwan tael unit was completely uniform, it was very carefully defined, and its creation had been negotiated among the various colonial powers and the government of the Qing dynasty.[8] The Haikwan tael was on average 5% to 10% larger than the various local tael units that had existed in China, this was done as it deliberately excluded any form of extra surcharges which were embedded in the other units of the silver tael that existed as a form of intermediary income for local government tax collection, these surcharges were added to local taels as form of corruption and these taxes never reached the imperial government under the traditional fiscal regime.[8]

Near the end of the Qing dynasty, one dìng (sycee, or yuanbao) is about 50 taels.[9]

Conversion rates in imperial China

The local tael took precedence over any central measure. Thus, the Canton tael weighed 37.5 grams, the Convention or Shanghai tael was 33.9 g (1.09 ozt), and the Haiguan (; h?igu?n; 'customs') tael 37.8 grams (1.3334 oz; 1.2153 ozt). The conversion rates between various common taels were well known.

Republic of China

In the year 1933 the government of the Republic of China abolished the tael and completely replaced it with the yuan in a process known as the fei liang gai yuan (?). During this time the Republican government cleared all banknotes denominated in the ancient tael currency, making all bills which used this currency unit obsolete.[10]

Purchasing power

Modern studies suggest that, on purchasing power parity basis, one tael of silver was worth about 4130 RMB (modern Chinese yuan) in the early Tang Dynasty, 2065 RMB in the late Tang Dynasty, and 660.8 RMB in the mid Ming Dynasty.[] Today the price of silver is about 15 4RMB/tael.[]

Thailand

The Thai equivalent of the tael is known as the tamlueng, a term derived from Khmer. It was used as a unit of currency equal to four baht; nowadays, as a unit of weight it is fixed at 60 grams.

Current usage

The tael is still in use as a weight measurement in a number of countries though usually only in limited contexts.

Ethnic Chinese regions

Chinese mainland

China's standard market tael (Chinese: ; pinyin: shìli?ng) of 31.25 g was modified by the People's Republic of China in 1959. The new market tael was 50 g or 110 catty (500 g) to make it compatible with metric measures. (see Chinese unit for details.) In Shanghai, silver is still traded in taels.

Some foodstuffs in China are sold in units also called "taels", but which do not necessarily weigh one tael. For cooked rice, the weight of the tael is approximated using special tael-sized ladles. Other items sold in taels include the shengjian mantou and the xiaolongbao, both small buns commonly found in Shanghai. In these cases, one tael is traditionally four and eight buns respectively.

Hong Kong and Singapore

The tael is a legal weight measure in Hong Kong, and is still in active use.[2] In Hong Kong, one tael is 37.799364167 g,[2] and in ordinance 22 of 1884 is 1+13 oz. avoir. Similar to Hong Kong, in Singapore, one tael is defined as 1+13 ounce and is approximated as 37.7994 g[3]

Taiwan

The Taiwan tael is 37.5 g and is still used in some contexts. The Taiwan tael is derived from the tael or ry? (?) of the Japanese system (equal to 10 momme) which was 37.5 g. Although the catty (equal to 16 taels) is still frequently used in Taiwan, the tael is only used for precious metals and herbal medicines.

Elsewhere

Vietnam

Gold l?ng (Tael) of T? c.

In French Indochina, the colonial administration fixed the tael (l?ng) as 100 g, which is commonly used at food markets where many items typically weigh in the 100-900 g range. However, a different tael (called cây, l?ng, or lng) unit of 37.5 g is used for domestic transactions in gold. Real estate prices are often quoted in taels of gold rather than the local currency over concerns over monetary inflation.

See also

References

  1. ^ "Tael" entry at the OED Online.
  2. ^ a b c "Weights and Measures Ordinance". The Law of Hong Kong.
  3. ^ a b "Weights and Measures Act (CHAPTER 349) Third Schedule". Singapore Statutes. Government of Singapure. Retrieved 2021.
  4. ^ "Tahil" entry at A Dictionary of Singlish and Singapore English.
  5. ^ a b Xun Yan (March 2015). "In Search of Power and Credibility - Essays on Chinese Monetary History (1851-1845)" (PDF). Department of Economic History, London School of Economics and Political Science. Retrieved 2020.
  6. ^ Ulrich Theobald (13 April 2016). "Qing Period Paper Money". Chinaknowledge.de. Retrieved 2019.
  7. ^ John E. Sandrock (1997). "IMPERIAL CHINESE CURRENCY OF THE TAI'PING REBELLION - PART III - CH'ING DYNASTY SILVER TAEL NOTES by John E. Sandrock" (PDF). The Currency Collector. Retrieved 2019.
  8. ^ a b c d e f g h Debin Ma (January 2012). "Money and Monetary System in China in the 19th-20th Century: An Overview. (Working Papers No. 159/12)" (PDF). Department of Economic History, London School of Economics. Retrieved 2020.
  9. ^ Morse, H.B. (1907). "Currency in China". Journal of the North-China Branch of the Royal Asiatic Society. Shanghai. 38: 36. The standard ingot of China weighs about 50 taels (from 49 to 54) and, formerly called ting ?, is now called pao ? (jewel, article of value, as in the inscription on the copper cash tung-pao = "current coin") and more commonly yuan-pao ?
  10. ^ Ulrich Theobald (24 November 2015). "qianzhuang , private banks". Chinaknowledge.de. Retrieved 2019.

External links


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Tael
 



 



 
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