CO129-086 - Sir Robinson - 1862 [5-6] — Page 356

14.

352

15.

"Wash" with

a coin of this denomination and

ced value would be left entirely unfulfilled

of fisced

loin, and we

The Cent however, woved no doubt prove a useful

therefore recommend the Simultaneous introduction of both if possible.

which

we think might suffice for a reform- of the copper currency. As it does not seem

intended that the Cent should be pierced

with

а

hole (a great desideratum in Chinese

payments), it might

be

necessary

to make the

or even

relative quantity of cash coined materially larger than appears to have been contemplated, zertainly five dollars worth of Cash move to one dollar's worth of cents. The main point to be guarded against is, that either description of Copper Coin showed ben of sufficient value to make it profitable

either to export or melt them, and this the Mint Anthorities seem to be fully alive to:

with respect to the maximum amount of the legal tender of undefaced coin, we are of opinion that it might be reasonably fixed al- Five Dollars worth both for Copper

5 and Silver change.

While a reform of the Copper-currency

forms the first

the first

attained and

and most desirable object to be

might be accomplished without

the necessity of introdueing New Silver Coins,

we ar

of opinion that the immidiate introduction of such a Silver ten cent piece has been proposed by Your Excellency would

as

greatly tend to the

general Convenience and benefit. This however is

only one

instalment

of what would be eventually required,