in
China
and having had an interview with Your Excellency on the same subject I have now
the honor to submit the following
My
remarks.
On my arrival
Previously your attention had often been given to the question of the
financial arrangements which would be necessitated by the removal of the Superintendancy and I had always fully foreseen the great advantage to be derived from having at Hongkong an officer specially charged with
the direction of the issues and shipments of specie to the
different Consulates: in fact when one considers that the same dollars which suffice at one Port have a considerable depreciation when sent to another, this advantage becomes almost a necessity.
Thus
The general outline of the system having been now satisfactorily determined on, no very considerable difficulty need apparently be experienced in working out the details.
I propose employing the mediation of the Oriental Bank in all matters relating to the transmission of funds - and a
conversation I have had with