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OPY
521
Official Gazette of May 25, 1910.
Translation,
Clo
Proposed Regulations in regard to the
Coinage, with explanatory notes on the
same,
submitted for the
approval of the Throne and sanctioned 24 May, 1910.
Section I.
The unit of China's coinage shall be named the
dollar.
Bxplanatory Note:- The term unit' is applied to that
awn which forms a basis for money calculations. Sums below the
unit are known as fractions.
The denominations of the national coinage shall
Section II.
be as follows:-
Silver coins of four
kinds, 1.0. one dollar,
50 cents, 25 cent, and 10 cent (or 1 dime) pieces.
Nickel coins of one kind, 1.0. 5 cent pieces.
Copper coins of four kinds, 1.e. 2 cent, 1 cent,
cent and 1 cash pieces.
Explanatory Notes:-
(a). The question of nickel mines and of the
system of minting nickel coins being still under investigation,
it is proposed to postpone temporarily the minting of 5 cent
pieces.
(b). It is proposed similarly to postpone
temporarily the minting of one cant copper pieces owing to the
likelihood of their confusion with the old 10 cash pieces.
Section III. The dollar shall be the standard coin; 50 cont
picces and all coins under that value being subsidiary coinage.
The decimal system shall obtain throughout, x i...
1.dollar equals 10 dimes
1 dime equals 10 cents
1 cent equals 10 cash.
All exchange transactions shall be made in accordance with this
relation of values.
Section