Green’s Dictionary of Slang

half-ounce v.

[rhy. sl. = bounce v.1 (5)/bounce v.1 (11)]

1. to cheat, to short change.

[UK]Sporting Times 18 Apr. 3/5: ‘Half-ounce’ On the bounce.
[UK]J. Franklyn Dict. of Rhy. Sl. 73/2: half ounce Bouce (cheat) [...] When I come to count my change proper I found they ’adn’t ’arf ’arf-ounced me!
[UK]Dodson & Saczek Dict. of Cockney Rhy. Sl.
[UK]R. Puxley Cockney Rabbit.

2. to beat up.

[UK]R. Puxley Cockney Rabbit.