*18
201
paid.
Such sums shall be received at or from the Treasury in dollars and cents only at the rate of 4/2 to the Dollar.
?
I am thus brought to the consideration of what Coin should be the legal tender in payment of sums less than one dollar, but before recommending the course which I think should be adopted in this respect I must first explain the existing state of things.
13.
There is no fixed rule established amongst the European and American community by which small payments are made. There are small quantities of various coins in circulation and they pass at different rates according to the exigencies of the receiver in each case. For instance, if in one place the dollar be worth 4/8, one Shilling and two pence will be required for a Quarter Dollar (25 cents) while in another one Shilling and a half penny will be accepted. Payments of this kind between others than Chinese are very few, as may be imagined when I mention that the Manager of the Principal Bank here informed me that £15 worth of small silver and Copper Coins, British and Foreign Silver and Copper Coins, is sufficient each month to settle all such payments in his Bank.
*18
201
peid.
such sums shall be received at or from the Treasury in dollars and cente
?
only at the rate of 4/2 to the Dollar. I
am
this brought to the consideration of what Coin should be the legal tenker in rayment of sums less than one dollar, but before recommending the conve which I think should be adopted in this respect I must first plain the existing row of things
13.
There
Amongst
is us fixed rule established the European and American
small
munity by which suinte
payments
are made. There are
small quantities
- circulation and there paar at different
rates according to the exprice of
receiver in cach care.
one place
if
the
Prus in
the dollar be writh 4/8
one Shilling and two pence will be
required for a Quarter Follar (25 cents) while in mother one
Shilling
and a half penny will be accepted. Payments of this kind between other than Chinese
very few,
as may
ale
however
be imagined
when I mention that the
Manager of the Principal Bank that ₤15 worth
here informed
Me
F
small silver and Copper Coins
F
British and
Greign Silver and Copper Coins
A-
is aufficient each mouth to settle all such payments in his Bank-
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