1A weight used in China and East Asia, of varying amount but fixed in China at 50 grams (1 3/4 oz.).
- Due to the intercession of Russia, Germany and France, the Manchurian government paid Japan 300 million taels of silver to ‘reclaim’ Liaotung.
- The savvy businessman demanded a high annual rent of 50,000 taels of silver, and after 30 years, he wanted the Kwok family to return both the land and the store to his interests.
- The garden's building project lasted 10 years and cost Gu more than 10,000 taels of silver.
1.1A former Chinese monetary unit based on the value of a tael of standard silver.
- Because of their ability to provide arbitrage among the complex monies of China, they coexisted with modern banks until the reorganization of the currency in 1933 to a silver dollar rather than the Chinese tael.
- For example, following the offer of its shares to the public, the capital increased from 476,000 taels in 1874 to two million taels in 1884.
- In 1877, it was bought by the Chinese Merchant Steam Navigation Co for 220 million tael.
From Malay tahil 'weight'.
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