36
220
37-
be estimated at
insurance
may
one and
a
half per cent. The two
the
that less than this quantity would be sufficient to commence with, considering that the population of Colony now exceeds 100,000 and that it would allow but 200 cash (or 20 cents) per head. I have not overlooked the section of weight. The weight of 20,000,000 (each weighing a tael of 579.84 grains troy) or a mace (or one tenth) would be 20, Tous. The rated value would be about 74 Tous = 20,000 Dollars.
The
freight
on 74 Tons from England to Hong Kong at 12 Dollars (£2.10.0) per Ton would amount to 888 Dollars or nearly four and a half per cent on the rated value.
The ... together amounting to six per cent;
but this addition to the cost would be more than covered by the profit on the cost of remitting money to England, which is seldom less than ten per cent.
23.
The Dollar and the cash would, as at present, perhaps be found sufficient to carry on all monetary transactions in the Colony; but I should also at the same time strongly urge the issuing of two other coins to make the system complete - One a copper coin to be called a cent, and to be a legal tender to the amount...
36
220
37-
be estimated at
insurance
may
one and
a
half per cent. The two
the
that less than this quantity would I sufficient to commence with considering that the population of Colony
now exceeds 100,000 and that it would allow but 200 cash
(or 20 cents) per head. I have not overlooked the section of weight. The weight of 20,000,000 each each weighing
a teel of 579.84 grains troy)
a mace (or one tenth would
Tous. The rated value
be about
74
would be 20,
20000
Dollars.
The
freight
on 74 Tous from huglande to Houstong at 12 Dollars (£2.10.0) per
Fou would amount to 888 Dollars
or nearly four and a half por
cent on the rated value.
The
together amounting to six per cent;
but this addition to the cost
would be more
thane covered by the profit
on
the cart
remitting money
to England which
is seldom less than ten per cent.
23.
The Bollar and the cash would
as at present perhaps be found sufficient to carry
after
a
uraliner
all monetary transactions in the Colony; but I should also at the same time strongly
the issuing of
two other coins to
urge
make the system convalete - One a
copper coin to be called a cent, and to be a legal tender to the renom.
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