10
Under the present system, therefore,
15
to discharge a debt of $1294 the requires
silver if paid
a thousand ounces of pure in Dollars of average weight; a thousand
and cleven ounces
paid in Rupees; but
if
on's nine hundred and seven ounces
only
A
in ruglish Silver.
With the exception of chorved drilans reign Money is valued by the chinece only according to its contents in pure Silver, and the evil effects of the above ystem in practice are therefore tor Grious to require illustration. -
I do not hesitate to
Lay
that
if
"I were possible to prevent the employment of chopped dollars as the
basis of the Kolonial Currency,
effect the standard
mcame off value
203
trade that might otherwise be attracted to Houghtons. It is true that good faith has generally been observed in contracts for particular descriptions of money continuance of
but inasmuch
دان
A
that good faith cannot
be guaranteed, it were better to remodel a system that affords the deston is many orrortunities of depanding his creditor
III. Whine
arises the diffienity of
introducing other coins than Spanish dollars into circulation in China?
I arises
from
the manner
in which Spanish Dolians were first
introduced...
LY.
DIC.
and in
of
They
were introduced through
the
DEX
all commodities including the legal circulating incdium, such
ان
system
any
as the above would prove fatal to
agency of the Stong Merchants,