Medium of Exchange in
China and
Japan
embaras of Commerce.
Must teed
the Operations
I propose that the Mint should be established
in Hongkong,
at the expense
of the Colony, for the coinage of
silver bullion into dollars: and
that a seigniorage
mint charge should be levied sufficient
to cover the cost of coinage.
I believe that such a
measure is
called for, and that
the British dollar
bearing Her Majesty's Effigy and
coined in Hongkong
would become in a
very short time
a standard
and instrument
not only
of Commerce
in Hongkong - where
it would be so by law, but
Throughout all the
Ports of
China and
doubtless in
Japan
Open Ports
in Japan.
This measure would
obviate the
caprices of Chinese prejudice, but I propose that the cost
of the experiment should fall on the Colony of Hongkong.
It is stated that
the British share
of the foreign trade of China
is Estimated at
thirty Millions Sterling
and that
This vast traffic is
carried on
chiefly by
means of
Currency
R
Medium of Exchange in
China and
в
embanas of Commerce.
Japan
Must teed
the Operations
I'Mopose Rimfire that
pee Mint should be established
Anghong,
at the expense
of the Colony, for the coinage of
silver buttion into dollars: and
that a
or signaage
mint charge should be levied sufficient
cover the cost of commage.
I believe that such a
Measure is
for, and that
ہے
ingently called
British dollar
bearing Her Majesty's Effigy and
coined in Houghing
become in a
very
would
thart time
ま
35,000,000
In standard
and instrument
not only
of
167
7 velen
Commer
in Houghing - where
it would be so by law, but
Throughout all the
tu
China and
doubt the
be in
and it is
apan
Open Pat
ho
Port
Japan.
measure would
quat degen reperimutil
easy to fresin
the caprices of Chinen perjudice, but I propose that the cost
of the experiment should fall on the Colony of Honghing.
and
when it is
the British share
trade of China
is Estimated at
stated that
д
the foreign Japane
aut
Millions Sterling
thirty fine
and that
This vast traffic in
by
carried
M
chiefly by
means of
Currmey
A
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