ground work of our enemy- and - accountant, and I think might become in time the regulating medium for the Currency commercial operations of these
vast dominions.
of the Treasury Authorities looked on the scheme with complacency, I would set about the work officially with the Colonial Department. I believe it would render a permanent service to our great interests in these countries, that such an engagement would have a great political
as well as a Commercial and social value, that it would become an important source of revenue, and be in every way a great benefit conferred.
The universality of the Dollar in Eastern Asia, in the whole of America, in the Pacific, and indeed over the widest portion of the whole commercial
field, gives to the suggestion a magnitude and an importance which I believe with only great and wide recognition. In the present prosperous and promising state of our finances, I anticipate little difficulty in accomplishing the object if the home authorities favor it with their good opinion.
Cooperative to this end I should be actively engaged in endeavouring by Communications with all the five Ports, and by negotiation with the Mandarins, to make a British Dollar acceptable to the Chinese. Its appearance would recommend it, its assay and fineness would create for it a deserved reputation, and I doubt not that in a few years it would become the popular currency of China, where it would be out of the question to attempt the introduction of ...