Extract from Sharpe
& Cos Circular
88
"Hong-Kong Mint. A commission is
now occupied in enquiring
enquiring as to the
probabilities of success
failme. It is
most earnestly to be deprecated that any hasty decision should be come toupou
afon a subject of text vital. importance; bearing as it does not only
ou
the Commerce but, we
may
upon the civilization of Chine
hope,
The
present moment is peculiarly mopfortune.
Everything
ii
agumist the Mint.
is scarce, exchange bullion is
Money
is low, and silver
high, almost wholly owing,
to the present abnormal condition of the Indian market where the total want of confidence has resulted in recent orders to remit
bills at all from
ko
China but only silver bullion.
On the 7. Sept. 1863 we sold English Bar silver 17/1⁄2 13r at 3 p. cent premium. Why should not è ferr month's time
an entire revulsion of the present state of things
? Suice 1 June
witness
4
last
Page 90Page 91
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