Separate weighing, and paying for each transaction is indefensibly barbarous and inconvenient. Undoubtedly it is so, but the fact that such has been the custom of the Country for centuries - and also that the whole body of Chinese Officials is interested in maintaining a practice which gives them innumerable opportunities for cheating, or as it is called here "squeezing" Government debtors and others, is not the less a fact of extreme importance when calculating the chance that people will pay a premium for Minting silver into a shape, which it has no increased power in China.
57. With the exception of the gratuitous coinage of $376,859 at the commencement from defaced coins, when for some months seignorage was charged by the Mint, the whole work done by that establishment for which seignorage was paid since you last May to the 30th ultimo, if computed in dollars, has amounted only to $961,726.
58. Your Grace is aware there are numerous other very interesting questions connected with this subject, quite beyond the scope of this present communication. I must however particularize the surprising difficulty of getting rid of subsidiary coins, which one might have imagined would have been eagerly welcomed as a substitute for the little broken pieces of ...
ده بات
seperate weighing, and apaying for
each transaction is
indefensibly barbaraus
and inconvenient. Undoubtedly it is so. but the fact that such has been the
custom of the
Country for centuries- and
!aloo that the whole body of Chinese
Officials
a practice
is interested in maintain
maintaining
which gives them innumerable
opportunities for cheating,
called here
or as it is
squeezing Government debtors
and others. is not the lef a fact of jextreme importance when calculating the
chance that people will pay a premium for Minting silver into a shape, which
Jeankers
am
it
no increased
power in China.
purchasing
57 With the exception of the gratuitous
121
coinage of $376,859
at the
commencement
hom
defaced coins, when for some months
suequerage
wap
charged by the Meint,
mo
the whole work done by that cotablishment
which seignorage:
was
paid since you
of last May to the 30th ultimo if computed
i
in dollars has amounted only to
$961,726.
58
متر
Your Grace
mumerous other
is aware there
..--+-
are
very interesting questions connected with this subject. quite beyond
the scope of this present
communication-
I must however particularize the surprising
difficulty of getting rid of subsidiary might have imagined
coins, which one
would have been eagerly welcomed as a
substitute
for
the little broken pricces of
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