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therefore that we should first standardize and render
uniform the silver currency, and then carefully pro-
with a
ceed to take measures for a further advance;
view to assuring the adoption of a gold standard in
the future.
The memorialists have pointed out that the use
of the tael and its fractions has been so long estab-
lished that it would be difficult to substitute any
other denomination in its place.
The Committee of
Finance in a previous memorial also recommended the
determination of the tael as the silver coin to be
used.
We therefore command that a large silver coin
shall be struck weighing one K'up'ing Tael, and that
large quantities of silver coins weighing .5 of a
K'up'ing tael shall also be minted for general conven-
ience in use. Also there shall be small pieces of
The two
one mace and of five candareens, of less pure silver,
which will serve as subsidiary currency.
silver coins aforesaid shall be .980 fine, while the
two small silver pieces will be .880 fine.
This