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(To accompany No. 312 of 18.9.10.) 658
Wai Wu Pu to H.M. Chargé d'Affaires. 7 September, 1910.
MEMORANDUM.
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SAN.iz.k (ha)
The Board has the honour to acknowledge the receipt
of Mr. Max Muller's memorandum of August 23 in which he states..
..(Quotes memorandum).
The Board accordingly addressed the Board of Finance
and have now received the following reply:-
"In the Board's memorial submitting regulations with
regard to the coinage the weight and touch of the standard and
subsidiary coins is most carefully defined. Further section
VIII strictly defines the maximum error allowed, while by
Section XXI measures are to be taken to establish an Assaying
Office, and the coining of debased coins for circulation on the
market will certainly not be allowed.
"As regards the regulations of the old coinage, our
Board in the memorial which submitted a scheme for dealing with
silver and copper coins already coined stated as follows:-
" When the new coinage is distributed to the pro-
vinces, silver dollars and the subsidiary coins already coined
can be permitted to circulate temporarily at the market rate,
and at the same time the old coins will be gradually redeemed
at the market rate and changed into the new coinage.
#1 When it is calculated that there is sufficient
of the new coinage for circulation, a date will be announed
in advance for prohibiting the circulation of the old coinage.
Old coins can after that date atill be exchanged for the na-
tional coinage in accordance with the real amount of silver or
copper they contain'.
"When the time arrives the Board will naturally take
note and act in accordance with their Hemorial".
(.S od paolone #97)
"Silver