234
It is evident that the Throne has bestowed great consideration on this important question.
Now, the freedom of communication throughout the world renders this question of currency of still greater import than ever before. If we were to follow the rest of the world, we should adopt a gold standard. But if the present conditions prevailing in China be our guide, we should use a silver standard.
Moreover, if the principles underlying the development of currencies be examined, it will be found that between the extremes of copper and gold, there must always be the intermediary stage of a silver currency; and for these reasons, it is both right and suitable that China should now begin at first with a silver standard.
But although the adoption of a silver currency has been unanimously advocated, there has been by no means the same unity of opinion as to whether it should be a tael or dollar currency. The present memorialists have considered this point most profoundly, and from the reports of the Governors-General and Governors of Provinces, that eleven Provinces favour...
Page 234 appears to be the start of a discussion on China's currency, referencing the influence of global communication and the prevailing conditions in China. The text is likely from a historical document discussing the adoption of a silver standard and the debate between a tael or dollar currency.
...the adoption of...
It is evident that the Throne has bestowed great consideration on this important question.
which has been bestowed by the Throne on this important question.
Now, the freedom of communication throughout the world renders this question of currency of still greater import than ever before. If we were to follow the rest of the world we should adopt a gold standard. But if the present conditions prevailing in China be our guide, we should use a silver standard.
Moreover, if the principles underlying the development of currencies be examined, it will be found that between the extremes of copper and gold there must always be the intermediary stage of a silver currency; and for these reasons it is both right and suitable that China should now begin at first with a silver standard.
But although the adoption of a silver currency has been unanimously advocated, there has been by no means the same unity of opinion as to whether it should be a tael or dollar currency. The present memorialists have considered this point most profoundly, and from the reports of the Governors-General and Governors of Provinces that eleven Provinces favour
The original OCR output appears to be jumbled and contains nonsensical text at the beginning. The corrected version starts from the meaningful text discussing the currency question in China.