local hausactions of the present Currency in favour of the new. That alone won't d.
the Create a heavy call. Mint's powers. The alleged disinclination of the Chinese in the Colony for the new do, I am of opinion, be fairly ascribed almost exclusively to the Shroffs & Compradore, whose fraudulent gains (universally complained of) in the handling of bullion by weight would, by the system, be put an end to.
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Unfortunately, however, the Machinery of the Mint proved incapable of coining except in very trifling daily amounts, and the lock-up of funds would have been so serious an inconvenience to the depositors, that they entirely withdrew, and a great opportunity of introducing the new Coinage was lost.
Mr. Reunies' Memorandum, which I saw in Hong Kong, embodies, I think, all the arguments of the Colonial Croakers. His calculations