8

335

the Chinese cash in circulation

here so

rapidly

as it would have

rone if it could have been

made

the same weight and

of equal or greater intrinsic

the Kwanghing

in the interion of Province seventy of eighty miles

above Canton by native Bankers for a charge of

per cent or

about

one

in the $100

tenth

2%

value; but I

am sure

will do so

gradually

as

that it the Chinese

As

regards

the

proposed

silver piece of

Ten Cents I still

desirable

come

to understand and appreciate

advantages of a legal tender.

To show that the Chinese

are not

systems

unwilling to adopt new I which commend themselves to

their good sense

I may mention

that the notes of the chartered

Banks established here.

are taken

unhesitatingly throughout the

Colony, and I

am

told

are cashed

a

00

consider that it is very

especially ofor huropeans, that it should be coined at the Mint in London and thank like the British Silver

the convenience of

Coinage it should circulate at rate above its intrinsic value sufficient to cover the cost of shanufacture and other contingent

Share This Page