CO129-039 - Sir Bonham - 1852 [1-12] — Page 204

a

Merchant (who would pay in Spanish Iollars) and not, as at frict supposed, a Government Servant, (whose money was either Indian or British silver) w. told that $5 was the real price, and for $5 the purchase was made-

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was

6. The receiving of the notes either of Government or of the chartered Bank, with a subsidiary currency of such -

British and other small coins as are

likely to remain in circulation, with tend towards obviating Mr Smith's objection to the recognition of lanish Dollars as the legal tender-

7

"Her Majesty's Government Tread "could not sauction the adoption of a

haper

currency

which is in

every

one,

in place of a metallic

respect to infinitelyp

speaking

cuperior: It Seems to me,

199

with all diffiolence, that that must be the superior system which facilitates Mercantile and other financial

operations; and if there be one country

i'm

which

more

than in

another, the

mole of cash payments requires facilitation, it is this, the inconveniens universally acknowledged of the metallic currency renders a paper currency (of cours with all proper safeguards and restrictions) (peculiarly desirable-

as a

8. Again Iread "British Silver is readily taken by all parties medium of Exchange, and will always be redeemable for Bills, te," To those intending to hurch ase Commissariat purchase Bills, this British coin is doubtlies ace litable, being bought at a cheap rate on the Market, and then tendered to the Commissariat as aforesaid; but for

Y.

JEX