CO129-039 - Sir Bonham - 1852 [1-12] — Page 197

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3

lunuble opinion be only regarded as me of

h

negative character.

It is certainly true as

as the

they state that

Spanish dollars are the Standard of all mercantile operations in China; and that

there dollars are

locally

more valuable

Han Mexican dollars, rupees, or

British

so

mover. There has indeed been as great

a

difference

لامانة

twelve

per

cent the

Officers quote eight- it is now

-your- and

since I came here has been three the

ther

way

r in

Mexican dollars.

farms of difference of value does not

But this differencn of

E

mrise from

ally

intrinsic

inferiority,

British Silver

[excepting in the case of money and that to a small extent; - it

is really the result of caprice

conventional

uange.

In

fact

AL

a

Mexican dollar contains more pure silver than a Spanish Dollar of full weight according to the latest assay

reports pom

the Royal Mint 192 "I simplify the case, however,

"To

let the two discriptions of dollan be taken intrinsically at par like they are in

every other place, and it follows

that the Superio 斥 cruise

matter

DOS A

value assigned to Spaniel oollars in

are

China is wholly fictitions, that the difference chould be regarded premium in their case - not as diccount in the other; and that Spanish dollars

thus peculiarly the currency of Kina. It is obviouchy crroneous in both principle and fact to adopt aw ther view of the matter, particulary with reference to publie officers whore salaries are computed in Sterling money and not in the sumene of the countr where they may be anointed to serve, for therefore as regards the officers who have raised the

the present.