14
the current coin of the place; that in which Mercantile accounts are kept,
and which is really the standard of
have sheron to be
value this
we
Manish dollars; and there is no probability that the standard will change; for it seems to to the monectioned orinion of every one that nothing short of the abstraction this coin will destroy the prejudices of the Chinese in it faon with a view is this, the Proclamation of 14 Tay 1845 should be resanded by another
to its former
were
rectoring the currency state, and declaring that only Manish dollars of full reight should henceforth be (as they revious to the Proctoration of May 1845) a legal tender in this Blony, they are a customary and therefore legal tender in the tits of China -
as
as a
English and other Coins would then continue to circulate merely subsidiary currency market vaine of the day-
at the proper
11. From what we have above sheron of the entire dependence of Hongkong whon China in regard to its monetary affairs, it is clear, that the practice other Colomies cannot properly be
of
adduced as a reason
for the continuance of a system which after a fair trial has proved itself insuitable to the position of the
Colony, productive of great confusion,
by no corresponding
and attended
advantages-
12. The Konial Treasury would ——— suffer neither loss nor inconveinence by the arrangement we propose;
Y.