45
Imperial or colonial Government, of course it was the latter.
and that of ... out of my power to permit the ...
It appears that both Mr. Arbuthnot and Sir Hercules Robinson “relied greatly on that means of finding employment for the Mint, it is evident that one of the principal grounds for anticipating the success of that undertaking has been proved illusory by experience.
10.
It is moreover wholly inconsistent with the history of Commercial transactions in China to assume, as Sir Hercules does, that the dollar is the only coin, in the sense in which he applies the term, by which the settlement of all commercial and financial transactions "can be effected throughout the whole Sea Board of China and Japan." If that observation has any bearing on the question, it must be by implying that the dollar, as a dollar, is a sort of necessity, or the sole medium of Exchange. But if that be not Sir Hercules' meaning, the remark is irrelevant to the argument.
It is very important, however, that Your Lordship should be convinced that any such argument is a delusion. It is founded on assumptions absolutely contrary to the permanent practice of Chinese trade and the Ancient Customs of the Empire. When the dollar is used, it is no longer treated as a coin accepted as representing a particular value - which is the inference from Sir Hercules' observation. It is, on the contrary, taken as ...
45
Imperial or bolonial Government,
course it
latter.
was
and that of
out of my power to permit
the
толы
appears that both Mr.
www
19. As it
Arbuthnot and Sir Hercules Robinson “relied
greatly on that
means
of finding employment
for the Mint, it is evident that one
of the
principal grounds for anticipating the success
ww
of that undertaking has been proved illusory
by exeperience.
10.
It
is moreover
wholly inconsistent with
the history of Commercial transactions in China
to asume
as
dollar is the
Sir Hercules does that thes
only coin, in
which he
applies
the
Sense
in
the term, by which the
settlement of all commercial and
transactions "can be
Imperial
effected throughout the
whole Sea Board of China and
})
Japan." If
that observation has any bearing on the
question it must be by implying that the
dollar as a dollar-is
a
a
sort of necefsity,
nevefsity, co bring
the pole medium of Exchange.
not Sir Hercules' meaning
irrelevant to the
M.
St
argument.
If that be
the remark is
is very important however that Your
Lordship should be convinced that
argument
is a
delusion. It
any such
is
founded
on
afsumptions absolutely contrary to the permanent
practice of Chinese trade and the Ancient Customs of the Empire. When the dollar is
used it is no
longer treated
as a coin
accepted as representing a particular value- which is the inference from Bir Hercules observation. It is on the contrary tatten
whole
الية
No comments yet.
Private notes are available after approval.