Miscellaneous
Currency opposite side of the
coined at the
the supply of
uncertain
of the globe.
which is low
and insufficient
that it bears a
premium
Iso long
as it continues unremedied) varying from 5 to 12 per Cent, nothing further I am sure can be added to shew the propriety of Her Majesty's Government attempting at all costs to find some remedy
for
this state
of things which
to surround all
trade operations with
ruinous uncertainty and to
obstruct the
Extension
of
Commerce
of
no doubt
was
168
The loss also to the
Imperial Government at Peking
is
very
considerable.
Ro
the
Naval, Military, diplomatic and Consular services in China and
Japan have to be paid in
dollars, raised at a
premium either in
Hongkong
or London, whereas they might
be coined payable for
seignorage of
2½ per cent.
This subject has already
engaged the attention of the
Hongkong Chamber of Commerce,
as will be seen by
Extract from
a
letter which
I received from that Body, and
which formed Inclosure
4:3
ii