CO129-129 - Sir MacDonnell - 1868 [1-3] — Page 383

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- queation of profit and loss. However much we

- may apersonally desire to see - continued or project which has already

cost the Colony to much, money, in the tape that or favorable turn is. Exchanges

be the means.

mory

with work, we cannot take

of providing it

any such sentimental element into account,

in considering the proposal of undertaking

lo

very serious

Silver in

passed

uncoined state can be

over th

ord Brit

currency, at its intrinsic

value, throughout the Empire of China will always militate against sending it to the Mint to be subjected to a deignorage for coining. This is on

the assumption that there would be

difficulty in passing away

320-

obligation. We

to

Know thank the experience of the worthing of the Mint since its opening has been Nisastrous; and although more favorable rocchanges might improve matters, it is still open to the gravest dontits whether it can ever.

be

a parging

- Consern'; for the readiness with which

the r

Hong Kong Dollar in unlimited amounts, but Experience would seem

- point to the practical impossibility: of doing it at opresent.-

There is moreover the competition of the Mexican Dollar which already has a certain hold on the traiding

Communities of the Sea board, and if

we might judge from the Comparatively