CO129-134 - Public Offices - 1868 — Page 237

immediate accessity Exists for its adoption.

The Chinese have a very

Extensive paper currency

wh in every of the larger cities a in Peking

a

Especially opinion probably infinitily

meets all their wanly & is in their

more convenient-

than any silver currency no being

wores

portable & less liable to counter feite à deprecata

counterfeits a of mature by base alloy diffiente of detection

monality. They have in

by

the comm

had, what European

effect lang

að a Julesure.

nations

1

of rucmiraging

metallic

Currency

have only

more recently adopted, a paper currency,

Supplying

a common rucdium of Sachange

for all transactions of ordinary life from

$500

१.

to so cash, or say from £100 to be This premised, Y. 2. will more readily understand the repugnance of the Imperial fort to listen to any propositions tending to mvolve them in Complicated questions of

236

of currency who they do not profess to understand & are certain to cast upon the Govt a Responsibility from wth they now find them colors Lappily free.

Me question is by

themselves

them. Iur Hart has had plans & Estimated before them for a Chinese Mint Since 1863.

There was a time even when they seemed disposed to consider the Expediency & the practicability

of

stallshing one but the moment the Hongkong offer to coin for them came, forward the idea seemed to vanish. More is no question that the idea of smploying Foreign Mint to coin is distasteful to them being distasteful the oil is pressed

&

upon the (limeserund the more it seems forced into opposition to the whole thing -

ready sent

to minting a comage both. This be very rational but the only question of immediate interest is the reality of

the

fecting