CO129-316 - Governor Sir Blake - 1903 [1-4] — Page 549

(

535

negotiated by Sir J. Mackay the Cinese Govt. under-

take to provide for an uniform national coinage,

which is to be legal tender throughout the Empire, we

subjent to a Mini S

There is there-

fore some hope, though its speedy realization can-

not be counted on, of reform in Chinese carrency.

The Chinese and Mexican Governments have recently

approached the Govt. of the U.S.

our Bat

14(x)---50654-3000-12-01

54040-3000-3-02

Ututsole, asking for its

assistance in securing measures for restoring and

maintaining a fixed relationship between moneys of

the gold standard and of silver-using countries. The

U.S. President has accordingly appointed a Connis-

sion to visit Zurope and confer with the officials

of the different Governments. Mr. Choate in his

Note of the 50th ult. says that some suggestions

may be submitted by the visiting Commission with

the object of creating a permanent and uniform

monetary system in China and arranging the inden-

nity payments on a basis which will permit China

to strengthen her credit and prepare for the intro-

duction of such a monetary system.

We should I think inform the Gov. of H.Kong

of the M American action and say that Mr. Chamber-

lain proposes to await the result of the Commission's

אלול