36
220
37-
be estimated at
insurance
may
one and
a
half per cent. The two
the
that less than this quantity would be sufficient to commence with, considering that the population of Colony now exceeds 100,000 and that it would allow but 200 cash (or 20 cents) per head. I have not overlooked the section of weight. The weight of 20,000,000 (each weighing a tael of 579.84 grains troy) or a mace (or one tenth) would be 20, Tous. The rated value would be about 74 Tous = 20,000 Dollars.
The
freight
on 74 Tons from England to Hong Kong at 12 Dollars (£2.10.0) per Ton would amount to 888 Dollars or nearly four and a half per cent on the rated value.
The ... together amounting to six per cent;
but this addition to the cost would be more than covered by the profit on the cost of remitting money to England, which is seldom less than ten per cent.
23.
The Dollar and the cash would, as at present, perhaps be found sufficient to carry on all monetary transactions in the Colony; but I should also at the same time strongly urge the issuing of two other coins to make the system complete - One a copper coin to be called a cent, and to be a legal tender to the amount...