271
become expedient for
expedient for the Government to purchase the Bullion and make such profit out of it, as the Mint charges leave after paying expenses.
In my opinion no demand for Bar Silver or Sycee for the purposes of coinage, could ever put their price over the Mint outturn.
When the price goes over the Mint outturn it will be due to other causes altogether.
The ultimate success of the Mint undoubtedly turns on the question whether the British Dollar will ever be freely accepted in the currency of China. With a Nation whose very shopkeepers have never developed trade beyond its first principles of selling a certain weight of a commodity for a certain weight of Silver, which is their universal standard of value - the introduction of a coin to pass by tale must be surrounded with difficulties; and unless with the aid of the Chinese Imperial Government, it almost appears a hopeless case.
This Colony has however opened so much on the Mint that it must be the desire of every one to see it become a success, and I hope it will not be abandoned until a further brisk trial be given to it, having in view the suggestions of the Commission.
It has been idle for some time, your proposal to reduce the seignorage.
14.
271
15.
become expedient for
expedient for the Government to furchase the Bullion and make such profit out of it, as the Mint charges
leave after paying expenses. -
Im
my opinion
no demand
for Bar Silver or Sucer for the
furfoses
of coinage, could ever fut their frice
over
the Mint outturn.
premine goes
over
When the
the Mint outhern
it will be due to other causes altogether.
The ultimate succes of the
Mint undoubtedly turns on
then
question
whether the British Follas will ever
be freely accepted in the linfire of china. With a Nation whose
very chopkeepers have never developed trader beyond it's first principles of
selling
certain
weight of an commodity
for a certain weight of Silver which is their universal standarch of value- the introduction of a coin to pass by in take must be surrounded with difficulties; and unles with the aid of the Chinese Imperial Government, it almost appears a
This Glory has however
Colony
on
hopeless
many
Case.
opent so much
the kint that it must be the
desire of every one
lo
see
it become
A
success, and I hope it will not be abandoned until a farther brisk
be given
to it having in view the
the Commision.
suggestions of the it has been
for
A
some time idle,
your
seignorage.
proposal to reduce the
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