14.
352
15.
"Wash" with
a coin of this denomination and
ced value would be left entirely unfulfilled
of fisced
loin, and we
The Cent however, woved no doubt prove a useful
therefore recommend the Simultaneous introduction of both if possible.
which
we think might suffice for a reform- of the copper currency. As it does not seem
intended that the Cent should be pierced
with
а
hole (a great desideratum in Chinese
payments), it might
be
necessary
to make the
or even
relative quantity of cash coined materially larger than appears to have been contemplated, zertainly five dollars worth of Cash move to one dollar's worth of cents. The main point to be guarded against is, that either description of Copper Coin showed ben of sufficient value to make it profitable
either to export or melt them, and this the Mint Anthorities seem to be fully alive to:
with respect to the maximum amount of the legal tender of undefaced coin, we are of opinion that it might be reasonably fixed al- Five Dollars worth both for Copper
5 and Silver change.
While a reform of the Copper-currency
forms the first
the first
attained and
and most desirable object to be
might be accomplished without
the necessity of introdueing New Silver Coins,
we ar
of opinion that the immidiate introduction of such a Silver ten cent piece has been proposed by Your Excellency would
as
greatly tend to the
general Convenience and benefit. This however is
only one
instalment
of what would be eventually required,