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will flow back to Hongkong.
3.
With a total issue of over $40,000,000 worth and with the Colony's population under 400,000 it is obvious that there has been issued a great excess over legitimate requirements; though so long as our subsidiary coin was practically favoured as currency in the Provinces of South China no evil effects resulted.
Now, however, with the enormous issue of small silver coins from the Canton and other Mints our coin is being displaced in China.
It is considered that a sum of about 15 lakhs of dollars of subsidiary coins would be ample for the requirements of the Colony's business for a period of years, and that an issue of under $100,000 per annum would be quite sufficient to provide for deficiencies in the amount arising from loss, wear and tear &c., and for any probable increase in the population, after the currency has been put on a proper footing.
4.
It is therefore highly probable that, allowing for a great diminution in the total amount already issued (on account of loss, wear and tear, conversion into ornaments &c.) the amount which might be expected