فا
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to the Follar, our
population of over 120000 Chinese would contime as now to purchase their daily food with cash. all the small disbursements of Europeans made through their compradors. 1 for market supplies and would be paid in Cash.
and wages.
The
of value, which I detailed fully
in
my
last despatch, woulda
remain mabated.
6. For this
reason
I consider
that
if
the new subsidiary currency
is ever to find favor with the Chinese, the basis
7
a
Coin of
us
small
a
than
hs
cent would have us fixed value, as regards the Cash,
la
any
more
the Dollar, of which it would be representative part, has now; and for all practical purposes the Chinese cash would contumel
the subordinate currency of the Colony, and all the evils inseparable from such a fluctuating
measure
it must be
denomination
thousandth part of a Dollar.
The new British Copper Cash
specimen of
which
was
transmitted by the master of mint and accompanied
в
your
ん
the
Grace's Despatch of the 26th March lart, would I think answer very well. It would not displace