the Pants, but no case has been made out to justify promoting the commerce of private corporations like this Drinks at the expense of the general Community.

12. I greatly fear also that the help expected from the subsidiary Coinage cannot be relied on as a source of either great or permanent profit to the Mint, and I admit that this result has greatly surprised me when the obvious convenience of such Coinage is considered.

13. Since September 1866, the Treasury here has received supplies of $204,000 in subsidiary coins. With the help of the Commissariat, and by insisting on Contractors paying a proportion of their receipts to their workmen in subsidiary coins, and by otherwise using the influence of the Government in every way to get rid of those coins, I have been enabled to put into circulation here and at several Chinese Ports less than $130,000 in nearly ten months. Whilst $75,000 of the Public money remains still locked up in subsidiary Coins.

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