CO129-039 - Sir Bonham - 1852 [1-12] — Page 209

Fourth. What are the objections to the

اد

me & Spaniel Dollars as Circulating medium in congtong, and how they can be obviated...

I. What description of money

was primâ freie best suited for a circulating medium in Jonghong?

Evidently that which would sunt readily cochange for the Commodities in which the Colony hored to trade, and most readily be -curted in payment for the supplies which it required to import; to ascertain which it was necessary to take into consideration the

position of the Colow at the time of its Settlement relatively to China -

which position it may be here 20+

remarked has been in no respect changed.

In so

far

important

as

the

present subjcet

is concerned Stoughtons could only be regarded as an

integral parts of China.

&um

dependant

Mi

supplies of

A had

the mainland

the vew necessaries

for

of life.

us trade peculiar to it ..... & was

capable of producing

rut

us Commrtities

of which a trade could be created.._ Its whole prospect of inceers lay in

its power to divert

from

Canton

A

portion of the previously cricting Foreign Trade of China. That Freign Trade had long existed, and

was tuli developed; - and in it the chinere had various reasons elected to employ Spanish (now Synonymous with Chope!") Dollars is the cohe medium of exchange. Numerous

efforts

Y.

DEC.

AS

DEX