2
المال السيدات
85
• Corn were we to suppose that the trade bere is not expanding,
of notes is vastly
there is
&
on the
no doubt wheatross Mat the use "increase, and as the knowledge of the convenience and the use Ĉ of recurity become more widely spread, so the habit of using notes in place of silors will go farther and farther into the "interior in our widening circles.
"I am informed on good native authority that notes are used now in Wuchow, where they would not have " been accepted before that port was opened last year.. My
" informant added that it was only a question of time when "they would become current at hamning foo.
27
*
amount
The present of notes in circulation from this Colony aggregates roughly 10 million dollars - Eighteen years ago it was one third of this amount, five years ago
it.
wes
"Thirds, and now 10 million dollars is quite insufficient -
Who is going
4 to
what issue will be required 3 years hance? much less, what will be required in 10 years?
4
#
xay
The trade has been caught napping to a certain extent
in not having been prepared for this change in the currency " used, but now that our eyes are opened to the gravity of
" the situation there should be no loss of time in getting this
note issue question placed upon a sound and lasting
"footing which will safeguard the future -
in its way,
He's is ove
of those cases of economic change, which is distinctly "good.
but which requires to be handled with au open mind and an eye to future developments, so that once taken in haud it will be settled definitely,
&
4
and will allow the Commerce of the Colony not only to resume
" but also to continue the won tenor of its
"
4
way.
Shaving
it off with makeshift sxpedients will only be postponing
the wil day and end in disappointment because, convinced that the appreciation and use of Bank Notes will increase with giant strides in the Empire of
1 Clina and will do much to facilitate trade generally, wilers