the Colony may as well go on with the enfran...ment for that time, on the chance of some fluctuation home taking place. The prime objection to this, and reason wished to close the mine at once, as far as the Colony is concerned,
but if the British Government is to undertake it when ...
It seems to me to be demonstrable...
Carey
Mills' opinion is "killer
to divide the bar when
done
with
243
individuals duly supplied with currency because there is a constant demand for the coin, which is the sole metallic medium of Revenue & private payment – The Hong Kong Mint has been set up
on a different
- & I fear it must be admitted - a false
basis. - that the whole project has been founded on an unsound basis. - & that neither Government nor
any
Company
can possibly make it an
in its present shape, & probably not in any
...
to sufficient to compete with; & supplant the Mexican Dollar, in the open market. in China & Japan
The new Dollar is
the same as the Mexican in weight (415.7 troy grains) + fineness it has
The principle of the other Mints of the British Government - whether in London, Calcutta,
or Australia, is that of supplying its own
Subjects with the coin which is alone receivable for
Revenue & recognised
legal tender; - i.e. with the sovereign in England & with the Rupee in India. – Our Mint, coining self-acting, Banks
on this principle,
has a privilege
over the Mexican even in
Hong Kong.
the Chinese
of course we can put it home in Empire & Japan. The circumstance which the advocates of the project held to justify a Mint on this principle was the high premium obtained for several years; at the time the project was adopted, by the Mexican Dollar, Compared with silver Bullion.