The first Hong Kong coins denominated in 1 mil, 1 cent and 10 cents are issued
Hong Kong's own coinage appears for the first time. They include 10-cent coins minted in silver, as well as 1-cent and 1-mil coins struck in bronze. 1 mil is equivalent to one-thousandth of a dollar. During those days, 1 mil can pay for a simple breakfast, such as a bowl of porridge with a fritter, a bowl of wonton noodles or a piece of bread. The Chinese expression of "not worth a mil" is used to describe things that are worthless.