Fourth. What are the objections to the
اد
me & Spaniel Dollars as Circulating medium in congtong, and how they can be obviated...
I. What description of money
was primâ freie best suited for a circulating medium in Jonghong?
Evidently that which would sunt readily cochange for the Commodities in which the Colony hored to trade, and most readily be -curted in payment for the supplies which it required to import; to ascertain which it was necessary to take into consideration the
position of the Colow at the time of its Settlement relatively to China -
which position it may be here 20+
remarked has been in no respect changed.
In so
far
important
as
the
present subjcet
is concerned Stoughtons could only be regarded as an
integral parts of China.
&um
dependant
Mi
supplies of
A had
the mainland
the vew necessaries
for
of life.
us trade peculiar to it ..... & was
capable of producing
rut
us Commrtities
of which a trade could be created.._ Its whole prospect of inceers lay in
its power to divert
from
Canton
A
portion of the previously cricting Foreign Trade of China. That Freign Trade had long existed, and
was tuli developed; - and in it the chinere had various reasons elected to employ Spanish (now Synonymous with Chope!") Dollars is the cohe medium of exchange. Numerous
efforts
Y.
DEC.
AS
DEX