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question of the reform of the currency in South China,

afforded a good opportunity of endeavouring to obtain from

the Wai Wu Pu some more definite information on the sub-

jeat.

I accordingly embodied the points raised in Sir

F.H. May's despatch in a memorandum to the Board, copy of

which, together with translation of their reply I have

the honour to enclose.

The Wai Wu Pu's memorandum does not, it will be seen,

add much to our knowledge as to how the Chinese Govern-

ment propose to cope with the financial difficulties at-

tending the substitution of the new coinage for the pre-

sent depreciated ourrency.

I have the honour to be with the highest respect,

sir.

Your most obedient, humble servant,

(Signed) W.G. Max Müller.

...

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