CO129-129 - Sir MacDonnell - 1868 [1-3] — Page 7

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in

China by the absence of any national Currency and the determined hostility of the Imperial Government to the CH introduction of a currency by tale, those

difficulties seem

but for an a National

there. The

great in Japan

just as great

opposite

reason

viz.

that

Currency is already established Japanese Government therefore

though willing

to receive

Hongkong

on a har with Mexicans in

dollars

payment

of Government dues are

pust

as resolved

as

the Chinese Government not to mate

foreign

Coins a

·legal tender amongst the

Community at large

19.

The inclised

corrispondence betiveen Enclosure 720 4.

myself and bir Hany Partes describes

ffully the position of the question.

in

Japan, and though apparently the Bankers might apist this Government

more

effectually if they chose, it is

leto clear that whatever course

nevertheles

they are pursuing they do so because they consider it the most conducive to their interests, and no

having

an

support worth

be expected for the Maint

unles furnished by parties hoping to benefit by using the Maint.

10.

I deeply regret therefore that the

inclosed despatches should so

fully

corroborate the deductions which

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I had myself formed a prior us to

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the balance of probabilities for and against the Mint. That establishment may be regarded as having been wholly