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to the Imperial Exchequer, induce me to submit a proposition for consideration of Her Majesty's Government.
2.
By the last Mail from England (10th February) Mexican Dollars are quoted in the London Market as very scarce and "firm".
It is expected that when advices reach London of the rates of exchange lately ruling at Shanghai and Hongkong, the Home Market will be completely cleared of Mexican Dollars and their price will rise to, and for a lengthened period be maintained at, probably 63 per ounce.
At the present price of bar Silver at 461 per ounce, standard, Mexican dollars bear a premium of over 6 per cent above their intrinsic value compared with the price of bar Silver, and it is supposed by good authorities here that at 64 per ounce, the price of bar Silver would be equivalent to a premium of over 8 per cent.
The British Imperial expenditure in dollars by the Commissariat department in China, for Army, Naval, Consular and diplomatic Services, during