2
loun be shut, and all further born up suspended, the Militia receiving their pay in Silver, until motil the relation and token approached. 7 Silver value marer to par.
In Sir Henry Pottinger's Proclamation it is directed that 1200 cash shall be the equivalent to a dollar. This is a low estimate of the current Value of the Copper coin; but as it is stated that coin will be sold at that rate to any individual requiring it, on application to Her Majesty's Superintendent of Trade, it is probable that at the time the Proclamation was published, the quasiy was largely supplied with this coin; and it was thongue offered at a low price.
If the Treasury should be speedily exhausted of its copper coin, it will probably be found necessary to alter this part of the Proclamation, and to make the rate correspond more nearly with the Market rate, which is said to vary from 600 to 1000 cash per dollar.
The most general circulating Medium among the Chinese, and that on which the Imperial Duties are paid is the silver called Sycee, which is generally found to contain 98 parts of pure silver, and two parts of Alloy, in 100 parts. This silver is cast into ingots, generally of ten taels each, and is stamped with the name of the Banker & the date of refining. Should corruption be afterwards discovered, at whatever distance of time, the refiner is liable to severe Punishment.
Spanish Dollars, (although not acknowledged by the Government), are employed numerous of the Provinces; but in Canton the practice of marking or chopping them, by Bankers, Shop-keepers, and Merchants, every time they pass in payment, robs them of the principal advantage of coined Currency, that of being known and acknowledged weight. In all cases dollars, or ingots of silver, are weighed by the Receiver, before they are taken in payment. Hence, if a contract be made for the payment of 1000 dollars, it ...
Love
2
loun be shut, and all further born up
suspended, the Militia receiving their pay in Silver, until motil the relation
and token approached. 7 Silver
value
marer to par.
In Sir Henry Pettenzers Pro = clamation it is directed that 1200
-a dollar,
Each shall be the equivalent; This is a low Extimate of the currenc Value of the Copper los; but as it is stated that Eash will be sold at that not to any individual requiring it, on appplication to Her Majesty's Supirintendent of Trade, it is probable that at the time the Prock = - mation was publishia, the quasiy was largely supplied with this loin; and it was thongue offered at a low prin.
If the Inasury should be speedily exhaustio
will
of its lepper torn, it wih probably be formed necessary to atter this part of the Proclamation, and to make the not
necerly with the Market
conespond mou no
Zach, which is said to vary from you to
Bovary
to 1000 cash per Bollur.
The
The most general circulating
196
Medicum among the thiine, and that on which the Imperial Duties are paid is the silver called Sycee, which is generally formed to contain 98 parts of pure silen,
com two parts of Alley, in 100 posts. This Solour is cust into ingots, generally of-
solver
ten tails euch, and is stamped with the name of the Banker & the date of refining. thouta cong
druption be afterwards dis-
: cooned, at whatever distance of time, the refiner is leable to seven Punerhment .. Spanish Botturs, (although not acknowlediped by the Government),
are employed nume
of the Provmies ; but in Canted the practice of marking or chopping thun., by Bankers, Schrop,
ance Merchants, corry time they pass
in payment, Fokus from them the permishal advantage of coinca Alency, that of ot known and acknowledpa weight. In all tam dollars, con ingote offiboer,
app weighed by the Recon, before they sure taken in payment. Heus, if a contract be made for the payment of 1.
of 1000 dollows,
con
it
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