24. In this opinion; but as the English Six pence weighs only 44 grains the ten cent piece would require more alloy than the English standard.
The cent. I enclose drawings of one cent and ten cent piece showing what I consider would be appropriate inscriptions for each in English and Chinese. I would suggest that the Colonial Government should only make use of these coins in the same way as the cash in the payment of sums below a Dollar and that they be sold to the Public at the Treasury only in exchange for dollars; and I consider that the limitation of their amount legal tender, and the limited quantity and the limited amount for which they will be legal tender, will ensure their passing current at all times at the rate assigned to them by law.
N4- Drawing of One Cent and Ten Cent piece
25. These coins like the Cash should for the same reasons be manufactured in England, and the following quantity would be required to commence with viz.
26. 1,000,000 Cents = $10,000
100,000 Ten Cent pieces = $10,000
I assume that the total expense of the coinage will fall on the colony and the profits, if any...