10.
or purse, or wrapped in paper, nor is it passed about to anything like the extent that silver coin is in Europe. Be this as it may, the fact remains that silver coins are as yet practically unworn, Chinese are great hoarders of coins. The popularity of our five-cent pieces varies very greatly as they are commonly used as little presents to children and servants, and thousands of them are made into buttons. It would probably be difficult for a speculator on the mainland to buy any quantity of these coins at profitable rates.
15.
Let it be supposed, however, that in the course of another 2 years there will be, on the mainland of China, thousands of five- and ten-cent pieces in the same condition as old sixpences and shillings in England, merely discs of silver, with perhaps light vestiges of the original design of the coins. Let it be further supposed that a speculator has brought up $100,000 worth of these, and proposes to flood this Colony with them, forcing them on the Treasury, as coin at a discount is always forced upon it.
16. It appears to me that the only course open to the Government would be to decline to recognise any coin which could not be shown to have been issued from the Treasury here. This would practically amount to refusing to receive all worn coins except in very rare cases.
17.
If it were once known that the Hongkong Government was receiving at par value coin which purported to be tokens worn out on the mainland, it should be at once inundated with the tokens which had never been in or near Hongkong at all. There has already been some trouble with spurious ten-cent pieces so well made as almost to defy detection by ordinary means.
[
10.
or purse, or wrapped in paper, nor is it passed about to anything like the setent that silver coin is in Europe. Be this
oit may, the fact remains that
do
silver corús are as
14:
yet
our
+ practically unworn, Chinese are great hoarder of coins. The popularity of our five cent prices very greatly aries from their common use as little présent to children
Thoreands of them
and servants &
dre
made into buttons. It would probably
be
the
difficult for a speculater on mainland to buy any quantity of these coins at profitable rates.
15.
that in
Let it be supposed, however;
the
Course
of
another 2 Bayears
there will be, on the mainland of China,
thousands of five
in the
and ten cent pièces
same condition as old sixpences,
Gramely
and shillings in England","
England, mert discs of silver, with perhaposlight vestiges of the original design of the coins . Let it be further supposed that
a
11.
267
epeculator has brought up
$100,000 worth
of these, and proposes to flove this Colony with them, forcing them on the Sueasury, as coin at a discount is always forced ироп
it.
16. Happear to me that the only
to the Governewest - would be to dective to recognise any
Cousse open
coin
which could not be shewn to have been
issued from the Treasury here. This would practically account to refusing
to rectieux all worn coins except in very
rare cases.
17.
Ifit.
once were known that
the Hongkong: Government was receiving at par value coin which purported to be tokens worn out on the mainland, should be at once inundated with the thone and which had rever
чие
conno
。 by
been in or ne cer
Hongkong at all. There how already been some trouble with spurions ten cent pieces eo well made as almost to defy detection by
ordinary
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