34
"
กา
35
after comparing
the price
price of copper,
tin, Cots, & skilled labour in the
two places,
well as
the greater
value
of money here, and the
consequent profit
that the coins should be manufactured
in England and sent out here.
1.
I enclose a
drawing of
a design for the coin with the
inscriptions in English and Chinese
which I would recommend should
be borne
upon
it.
I feel little
doubt but that such
a Coin would
多
Drawing of Cash.
supplant the Chinese Cash amongst the population of Straits Settlements and the entire neighbourhood from whence the
market supplies of
the Colony
are
drawn and I feel satisfied that
by
the Government retaining the
issue in its own hands and limiting it to the quantity necessary
for
the purpose of change and also by limiting the amount
for
which
it would be a legal tender, the value
of
the Coin would be sustained
at
a level with that of the dollar according to
the rate assigned to each by law.
22.
If therefore In Majesty's
Government approve my recommendation
I would
suggest
that 20 millions
Cash be forthwith ordered in England and sent out here. I do not...