would cause.
great.
inconvenience
to Foreigners and Chinese - that trade is facilitated by the speedy - circulation of Bullion or its representative in a portable shape - that the diffusion of trade among
the
in
many. preference to a few capitalists is the true commercial Policy,
and that this should be.
fostered by a low and portable measure of value such as the dollar note.
4. From enquiries made through Her Majesty's Consuls at Amoy and Swatow the_ dollar notes do not appear to be
675
in great demand at those Ports and the circulation is at
present therefore chiefly absorbed by the Chinese at Canton and Hongkong :- but there is little
of
doubt that as in the case.
the Subsidiary coinage the- -dollar notes would circulate
largely through the Southern parts of China if the issue _ could be increased.
5. I am not disposed.
however, to recommend
any extension in favor of the
-
Hongkong and Shanghae Bank
as in
an error
my opinion was committed in conce
conceding
T