134
26.
-
100 Taels Ayer - But 113 Taels of these dollars yield only 100 Sycee — The difference of 13 Taels is the premium paid there for coined money.
At Shanghai, at present, 107 Taels of Carolus dollars buy 100 Taels of Sycee - But 112 Taels of those dollars contain only 100 Taels of Sycee. The difference of 12 Taels (not 38 Taels as previously mentioned, which seems to be an error) is the premium paid here for a familiar and trusted currency.
These figures appear not only to support our opinion that the Chinese will pay a fair price for the use of a good currency, but to show that our views as to the general demand for a currency, and as to the character of Sycee, are just.
Trusting that Your Excellency may find these remarks not devoid of interest,
We are,
(Signed) Russell & Co.
Augustus H. Smith ・・・ Mye flg:
C. D. Mye.
• Apr: King H60:
J. Macgill Smith
Williams May
(Free copy)
To
Sir John Bowring Kt.
Governor of Hongkong & Superintendent of British Trade,
Colonial Secretary
134
26.
-
100 Torts Ayer - But 113 Facts of these dollars yield only 100 Sycie — The difference of 9 Tarts
is the prouium paid there
for coined money.
At Shanghai, at present. 7h Tarts of Carolus dollars buy
100
Tests of Sycee - But 112 Tarts of
100 Tails
those dollars contain only 100 of Syce. The
The
difference of 38 Facts
is the premium paid here for a familiar and trusted com.
These figures appear not
only to support our opinion that the Chinese will pay a fair price for the use of a
ļ
Boods our views as to the general
com, but to show that
demand for a currency, and
as to the character of Sycee,
are just.
Excellency
Frusting that Your Crestievay
may find these remarks not devoid of interest,
We are tc:
(Signed) Russell & Co.
Augustion Hards Me ・pp Bull, Mye flo:
C. D. Mye.
• Apr: King H60:
"
J. Machhill Smith Williams Maz
(Free bopy
Mistartlining
Air John Bowring Kt.
Governor of Hongkong Areperintendent of British Tradey
Jes
کو
Colonial Secretary
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