21
20
It is clear to see that the preferred money in the southern provinces has changed.
Dorn
At Foochow some substitute for the Spanish dollar now exclusively used there will be required. That port has, from its opening, drawn its supplies of coin from the stock of chopped dollars set free by the introduction of Mexican dollars at Canton. Large deductions from this stock are thus made every year, and presently it will become as difficult to find Ferdinand dollars for Foochow as it is now to find Carolus dollars for Shanghai.
131
Your lordship will perceive therefore that at all the principal places open to foreign trade the currency is either deficient or in danger of becoming so. This cannot fairly be attributed to the disturbed state of China nor to the increasing preponderance of exports over imports. These circumstances have doubtless hastened the development of the evil; but it originated long before in the exclusive use of a coin the production of which