فا
334
to the Follar, our
population of over 120000 Chinese would contime as now to purchase their daily food with cash. all the small disbursements of Europeans made through their compradors. 1 for market supplies and would be paid in Cash.
and wages.
The
of value, which I detailed fully
in
my
last despatch, woulda
remain mabated.
6. For this
reason
I consider
that
if
the new subsidiary currency
is ever to find favor with the Chinese, the basis
7
a
Coin of
us
small
a
than
hs
cent would have us fixed value, as regards the Cash,
la
any
more
the Dollar, of which it would be representative part, has now; and for all practical purposes the Chinese cash would contumel
the subordinate currency of the Colony, and all the evils inseparable from such a fluctuating
measure
it must be
denomination
thousandth part of a Dollar.
The new British Copper Cash
specimen of
which
was
transmitted by the master of mint and accompanied
в
your
ん
the
Grace's Despatch of the 26th March lart, would I think answer very well. It would not displace
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