330

experienced in issering it. There is to

a

balance

to-day of $54,000 worth of these.

conus an the Incasury, all of which, far

in a

aud

few

could be got rid of days by simply letting it be understood

that Chinese might have as much as they liked to ask for. I hope to keep

ME LEVOLE

special. the Chinese

At 010

axxx.

of at least $50,000 against

• year,

but whether this

will be sufficient to abate the,

run on-

small coin which always wists at

can show.

that time only experience

The encartet prices of these coms have

been as follows;

a

1888 May 12 - 9 per cent formium

Nov. 6th

1884 May

Nov. 30

1885-May

Septe 24t

1.4

1.

,85

"

کو

"

"

A

"

"!

&

"

Andency

It will be seen that there is 110~.

towards a reduction in the

marketable value of the coinsinspite of the

larger quantities which have been imported. It must be clearly borne in mind that

we

water into a sieve, and

are only pouring that on the other side of the

side of the sieve is China,

du enormoue count

country

with no

coinage,

but quite alive to the advantage of one.

Should the value of these cries at.

any

time sink to par, shipments will be suspended.

I have

(Signed) A. Sieter

Treasurer.

P.S. To-day's low rate of premium

these comes is probably

fact that they

are

caused

by

the

ottrinable free at

the

Oc

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