CO129-340 - Governor Nathan Acting Governor May - 1907 [4-6] — Page 230

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed
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fineness of ninety per centum could not be minted except at some expense to the Provincial Government; and I expressed the fear that when it was discovered that the minting of dollars entailed loss, recourse would be had to a simultaneous re-issue of subsidiary coins or to the issue of debased dollars.

Finally I urged him to advise the Viceroy to take the opportunity of endeavouring to persuade the Central Government to deal with the situation—which is a most serious one affecting as it does not only the trade of the Provinces under the Viceroy's jurisdiction but each individual among the population subject to him in a comprehensive manner by establishing a national currency for the whole Empire.

6.

So long as the Provincial Mints remain independent of the control of the Central Government uniformity in system will never be maintained, and it is obviously to the advantage of commerce that the currency of China should be placed on a better footing.

The only hope in this direction is for the Government at Peking to exercise proper control of all the Mints in the Country, to issue some standard coin

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226 fineness of ninety per centum could not be minted except at some expense to the Provincial Government; and I expressed the fear that when it was discovered that the minting of dollars entailed loss, recourse would be had to a simultaneous re-issue of subsidiary coins or to the issue of debased dollars. Finally I urged him to advise the Viceroy to take the opportunity of endeavouring to persuade the Central Government to deal with the situation—which is a most serious one affecting as it does not only the trade of the Provinces under the Viceroy's jurisdiction but each individual among the population subject to him in a comprehensive manner by establishing a national currency for the whole Empire. 6. So long as the Provincial Mints remain independent of the control of the Central Government uniformity in system will never be maintained, and it is obviously to the advantage of commerce that the currency of China should be placed on a better footing. The only hope in this direction is for the Government at Peking to exercise proper control of all the Mints in the Country, to issue some standard coin
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226 fineness of ninety per centum could not be minted except at some expense to the Provincial Government; and I expressed the fear that when it was discovered that the minting of dollars entailed loss, recourse would be had to a simultaneous re-issue of subsidiary coins or to the issue of debased dollars. Finally I urged him to advise the Viceroy to take the opportunity of endeavouring to persuade the Central Government to deal with the situation-which is a most serious one affecting as it does not only the trade of the Provinces under the Viceroy's jurisdiction but each individual among the population subject to him in a comprehensive manner by establishing a national currency for the whole Empire. 6. So long as the Provincial Mints remain independent of the control of the Central Government uniformity in system will never be maintained, and it is obviously to the advantage of commerce that the currency of China should be placed on a better footing. The only hope in this direction is for the Government at Peking to exercise proper control of all the Mints in the Country, to issue some standard coin
2026-06-04 08:06:33 · Baseline
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226

fineness of ninety per centum could not be minted except at

some expense to the Provincial Government; and I expressed

the fear that when it was discovered that the minting of

dollars entailed loss, recourse would be had to a

simultaneous re-issue of subsidiary coins or to the issue

of debased dollars.

Finally I urged him to advise the

Viceroy to take the opportunity of endeavouring to persuade

the Central Government to deal with the situation-which is

a most serious one affecting as it does not only the

trade of the Provinces under the Viceroy's jurisdiction but

each individual among the population subject to him

in

a comprehensive manner by establishing a national currency

for the whole Empire.

6.

So long as the Provincial Mints

remain independent of the control of the Central Government

uniformity in system will never be maintained, and it is

obviously to the advantage of commerce that the currency

of China should be placed on a better footing.

The only hope in this direction

is for the Government at Peking to exercise proper control

of all the Mints in the Country, to issue some standard

coin

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