CO129-071 - Public Offices - 1858 — Page 54

Baw

Wicers

Heuse

of Comme

money

the public functionaries, so

far from having any ground of

complaint,

of.

An

are in the

enjoyment

advantage to which they

not in principle entitled.

The

question of altering the

standard of value,

and dem

53

in the confusion arising from the arbitrary valuation assigned to different

descriptions of dollars)

it was

necessary

the valuation of other coins

to that standard, and,

to a

are

adjust

demonetizing

and the altered relative.

value of the precious metals, the

in paint.

of fact, awing eve hange

to the

Course

of

of

Coins

and if such a

Propos entertained th

My

were

sterling

and

the coins of the realm, in one

Her Majesty's Calome, is a very

serious

-sition should be entertained

of opinion that it must

are

he considered

data than

on

ALL

More

enlarged furnishes in Sir

John Bowring's dispatch. He refers to the arbitrary value given to the Sovereign; but British Sterling having been adopted as the standard of value, (and, at the time when

it

La as

only

adopted, affording the standard, which could be relied upon

calculations.

which Foreign silver

adjusted to contracts in have become falsified,

dollars represent

α

greater value

Co-11

Lusion

than the rate of 4/2, which has been assigned to them. The complained of arises therefore from

valuation of the dollar,

the under

rather than the over-valuation

and in the want

the sovereign, and in the adoption of

at

silver standard.

Hang Long, it would be

necessary

in

i