CO129-039 - Sir Bonham - 1852 [1-12] — Page 205

8

L

Mercantile Bills this coin is never meed, nor dues any bercantile House ever think of meing it atall in the way of business, it is bought only for in pinpose of purchasing commissariat Bills, and for the payment of Land Kents, de, into the colonial Treasury-

G. Further I find this remark." The

I importation of this coin is characterised by the Civil officers as an injudicions the news on the part of the commissariat, but the Lords of the Treasure have

A

M

the

thought otherwise. Fine, but their opinion has been formed representations made by the ____ Commissariat Officers, and hence the Memorialists have felt called upon to make what appears to them a more correct representation of the case. The experience of seven

seven years

has

200

now proved the inutility of hoping

to alter the system of Chinese Mercantile Finance. Sir John Davis, both in 1844 and in 1846, seems to have doubted the success of euch endeavour, though he acquiccced in the wich of the Deputy Commissary General, to give that officer's scheme & fain

trial

on

10. In conclusion I must remark Wz Smith's a verment that" there has

never

of

to regret its apt been reason adoption, on to question the advantage its operation generally. I have watched th:- circulation of this British

money and I must say that ever since the introduction of there not indigenous coins, but foreign tokens, I have heard nothing but complaint and discatrifastion from all, whether Civil or Military employés -

¡Y.