a one dollar note is a
necessity.
Moreover bullion to perform its
functions
As a
representative of
value, must circulate quickly, and
it can.
can only do so.
by its having.
representative either in coined
money
or Bank notes of various denominations of value, and? for general use the lower the better.
I submit therefore that as China has no silver coined
measure of value and is
-value and is entirely dependent upon foreign supplies, and Hongkong being
in the
same category, the issue of one dollar notes, when accepted
as
*
680
they are by the Chinese, is a great boon to the public, and a still- greater benefit to trade and _ useful for its diffusion.
Ihave 40,
(signed.) B. Robertson,
Consul.
(True Copy)
Sean & Smit
Acting Colonial Secretary.