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the Board of Finance for the assignment of a period after
which all circulation of these coins must cease, and they will
thereafter be redeemed by the Mints and the Ta Ch'ing Goverment
Bank as if they were "gyosa".
Section XV. In the same way, all copper coins and "cash"
formerly minted throughout the Empire will continue to be
current, pending the adoption of measures by the Board of
Finance, after due am consideration of the cirgumctances at
the proper time.
Explanatory Note:-
This and the preceding sections outline the
procedure to be adopted in zagaa regard to the old coinage. A
detailed scheme will be prepared later by the Board of Finance
and be submitted separately for the approval of the Throne.
Section IVI. Within one year of the Imperial sanction of
these Regulations, all official receipts and payments, which
have customarily been made in silver, will be calculated, with
due regară to the weight and touch and amount of such receipts
and Rayuanas payments in the particular place, in the first
instance in "good" Treasury silver and then again in the new
coinage, and the monetary denominations of all such sums will be
changed accordingly.
Bolanatory note:-
It is a necessary preliminary to the unification
of a coinage that the currency denominations employed in all
registers, account-books, contracts, etc., should be changed
into harmony with the national coinage. Such a step not only
gives a rapid impetus to the general adoption of such a coin-
-age, but in a great convenience in preparing a budget or
definite accounts I of expenditure incurred. There is no
objection therefore to the assignment of a term for the
general alteration of old currency denominations to the new,
even previous to the new currency being generally current on
the market. Neither is the period fixed of one year too short,
since it will be easy, in accordance with the system of ex-
-change