with the supply of bullion to the Hong Kong Mint. It is not necessary that the circuitous route of India should be the
au
by which silver flows to China,
more than
any
show that it should exclusively reach
that destination direct from London. Pra
California Silver
arrives
li
China (already
to a considerable extent) cheaper by the
lower charges of transport.
The objections urged against the success of the Hong Kong Mint appear
to me
against all
to be equally conclusive as against
Mints where a seignorage (but still everywhere they
work). The
Pone enience
ave
is charged);
in full
of coined over
uncoined treasure is too great not to
command
a preference for it
even
at
ye 20
this is the utmost poster.
Hi
I recommend
279
that cost and although the Chinese still adhere chiefly to the use of uncoined gold
1st 0
and silver, still the dollar is a
recognized
want at all the Consular parts of China,
and in some districts of the interior, (not
to mention Japan), and I
can
neither
see
why the Hong Kong dollar should not be coined as cheaply as those of any other Country, nor why the coinage of a
- a powerful state of recognized good faith, should command less respect than that
by the
actual price of an
anarchical State like Mexico,
the
coinage
being
carried
on
under the
eyes of the Community, with every guarantee for the purity of Standard and readiness of weight of the coins; - while on the other hand the coinage is carried
on
is it to be answered?