CO129-039 - Sir Bonham - 1852 [1-12] — Page 216

of Richang, Sycee Silver and Gold.

It is the retre no algument in

Favour of

therefre

that

the Merican Dolian, in a Chinaman's estimation, to say it is intrinsically equal to the Spanish dollar; and why should it? seeing that with his chopped Spanish sollar he could a short time ago stain its full weight in pure silver, whereas

perfect Mexican dollar to be meful to him must first be melted and would not yield minety per cent of pure Sycee.

سات

IV. What

What are the objections

the objections to the

of Spanish Dollars as a

use

circulating medium in Houghong,

and how can

they be obviated &

The. only objection to the

use

of

211

chopped dollars in Hong Konw, an, that

the Coins are rarely of full weig it, and that the Commissariat and Treasure have been hitherto

required to transact their beeiner in Coins of full weight

oul...

But there rojections

are

demolished

by the fact that even the Government

are

perations

practicali boud Chopped dollars. Funds are

J

سایت با

17

procured by the Lake of Bills upon London and Aedia, chiefly the latter. Now

Supposing

the

·legal coins to be at five per cent diverunt. and the market rate of ischange to be 225 Rupees per 100 chopped dollars, and person bying Mexican Follars, to, at ofive per cent discount could afford for the Commissariat "Bilis at the rate of 215; but the Commissariat Books will show that while they have not benefited nearly to the extent of

to tender

LY.

i

DEX