arrangement, a stock sufficient for all ordinary eventualities, no difficulty need be anticipated for the future.

That

As regards the observation made by the Treasury premium charged

must arise

the

And also

from

m

any

small claim

and defect in

taken for their

distribution for which the Colonial Government is responsible, I have only to observe that,

in every part of the world,

the value of Stallion,

in

the value at

Chop Sollors, Clean Hollows, and Subsidiary Coin, rises and falls according to the demand in

China

103

generally of all or each

Government

thereof, and that especially

we

could

so small

a market as this

on the border of a great Empire hope to regulate by legislation the premia

it advanced

exchange from time to time

arising from

demand).

And when increased

I have the honour to be,

My Lord,

Your Lordship's most obedient

humble servant,

Imemor

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