CO129-353 - Public Offices - 1908 — Page 233

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ranslation.

DECREE

Peking Gazette, 5th October,

1908.

229

8.101

23.

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An Imperial Decree in response to a memorial of

Prince Ching and other Ministers of the Government

Council, and of Prince P'u-lun and other members of

the Senate, who, in obedience to Our Commands,

deliberated upon the subject of an uniform national

currency.

have

A standard currency is the fundamental principle

of public finance, and various countries have adopted

a gold coin as their unit of value, with a subsidiary

currency of silver and copper tokens.

Under well-

framed regulations such currencies have been found

convenient and profitable.

But it requires years of

preparation to be ready for such a measure, which can

by no means be attained at one step.

The finances of

China are in confusion and the standardizing of the

If actual gold coin currency is an urgent necessity.

were to be taken as the standard unit, it would be

difficult to raise the necessary amount;

while if

gold were merely taken nominally as the standard unit,

nab

grave