CO129-089 - Public Offices - 1862 — Page 322

gives

Metal wo hard and brittle to

be laminated, and which could not on that account be coined in the European method .. The Cash would require to becast (as in China), which I believe. would still further increase greally

the cost of it's manufacture.

1

men

It is generally allowed by

of the requamted with China that one greatest evils under which that Country, suffers, is the state of it's Cash Currency.

4. Com that is prepared by cresting to easily.; imitated, and the amount of spurious Cash.

circulation is said to be numense

-

If the Cash is to be improved for circulation in Hong Kong or elsewhere, under British influence, there can be little doubt of the principle upon which the improvement, should be based : - The Coin ought to consist of pure Copper only, without alloys, as

and should contain as great

a

s are

weight of that Metal as can be given. with the workmanship of the Com.

+ Cash of the kind described, of which specimens enclosed, might be manu = -=factured here of six tenths of the usual. weight of the Chinese Cash, or 35. 4 Gramis. One ton of Copper, value £100, would be comed into £144. /// of Cash. The margin of £44 would be required

کمنکر

319

to cover the cost of manfacture and other contingent expenses but would)

I behere

Карто

be simply enffiment for that

The Copper Casts is postested

its

from Counterfeiting by the eorumistances that without and entré chamfe in appearance copper commot be lebased by alloy

other metal, and it connot be cast but must- Caminated

with

стр

be

and requires the usual appliang

of a Mint for its manufacture with com

The improvement of the currency an abject-worthy

of Chma

appears

a

h to

of or high and beneficent policy on the part of the Encopean Powers

–Armever

imperfectly the cash monetary cystem

be

late

years

has worked

of

it appears to as correct in porinerple as amp

other while the "Standend of valne in

"

brisland

is Gold. and in British India Silver in bloma it is Copper - Considering the

prevailing cheapness of labored and of commodities the latter metat is

likely always

to form

large portion of the enrency

of the Combines of the East

It certainly

is