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could result to the public service by keeping all commercial establishment within exception keeps its accounts in Dollars and cents.
Grievous losses result to the Treasury by making the Golden Sovereign the Standard, a standard almost invariably in a state of depreciation, and which is never likely to maintain its relative value in a country where gold is not legal tender, and gold coins are merely merchandise in a state of perpetual and often unintelligible fluctuation. If a Dollar emanating from Mint in Hongkong should obtain favour in China, it is impossible to calculate the benefits which might result to the Colony in its relations with the Mainland and all circumjacent regions.
I propose to forward to the Earl of Clarendon a copy of these Communications.
I have the honour to be,
with the highest respect,
Your most Obedient, Humble Servant,
Whit[er]ung