It is my opinion, as well as that of Mr. Matiorin, and of all those whom I have consulted, that if Ster Majesty's Government were to authorize the immediate issue of a new British dollar for payment of the Imperial Services in China, pending the establishment of the Houstong Mint, the dollar so issued would at once be at a premium as compared with the Mexican Dollar.
The eagerness with which the Chinese have availed themselves of the new British Dollars at par, and would be only too glad if they could be allowed to send Silver to be coined for a mint charge at Tower still, pending the opening of the mint here, if the Establishment in London should be enabled to coin a larger supply than that required for the payment of Imperial obligations.
The success of our new subsidiary tokens serves to strengthen this opinion, and in support of it further I may mention that I understand the Banks here would be willing to undertake to give Mexican Dollars for every British Dollar issued.
There is therefore, I think, reason to believe that the immediate issue of British Dollars from the London Mint would not only effect a material saving to the Imperial Exchequer but would be found advantageous to the public.
12
415
!!.
It is
my
opinion
alss, as well
as
of all those
that of Mr. Matiorin, and of all
whom I have consulted that if Ster
Majesty's Government
were to authorize
the immediate issue
a new British
of a
dollar for payment of the Imperial Services in China, pending the establishment
of
the Houstong Mint, the dollar so issued
would at once be at a
premium as compared with the Mexican Dollar.
The
with which the Chinese
eagerness have availed themselves
g
F
new
in exchange for any quantity of British Dollars at par, and would be
only too glad if they could be allowed to send Silver to be coined for a mint. charge at Tower still, pending the
opening of the mint here, if the Establishment in London should be
enabled to coin a
larger expply than that required for the payment of Imperial obligations._
/2.
our new
subsidiary tokens serves to strengthen this opinion, and in support of it further I may mention that I _
understand the Banks here would ben :willing to undertake to give Mexican Dollars
issue
every
There is therefore I think reason to believe that the immediate l British Dollars from the London, Mint would not only effect a material eaving to the dmperial Exchequer but would be found advantageous to the
!
.
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