238
-100 T9qg00 edd noqu Wen Vidaom etil vitsb ↑ lent
nottefoto bebeqminu me and aids ti bne
,VONSI
Durolla gorekoven¿xe to atider vriw co&89" or at shedd
.Derebosgns 90
e to suiev edd dana 08Js betste reed aan JI
dert bred860 000, to dorit Bedamixonqqs Tallob
→Ĉns in Vioo 02 cios Lemoldoent bar faqtonliq and ddiw
30 Ju
.be/qmia ere amidalroles bataisт vi
Jou ste voneti ed to zolder Iggel ont a gnol
ae brav vidzadenos dam egter textem eft bexit
-mi coitosarwId Jeving bas olduq add I'e vitnem
-ited ent daso bre revile rowded egnarioxe evInv
bly Iss♪ end to 9c8lq ni reulev Tallob to noljuj
-Cet on to nottantIqmco e arisuborq ei diwası yino
To extend our argument further afield:
in all our transactions with other countries, foreign obligations have always been liquidated in terms of taels. Native Customs revenue, also, is expressed in terms of K'u P'ing taels. Foreign commerce is carried on entirely by means of exchange calculations, and the price of the pound sterling fluctuates with the state of the silver market. By using a tael currency transactions can all proceed as before, and the extended use of such a coin cannot fail to prove advantageous.
The coinage of a tael currency was recommended by the Council of Finance. In Hupei and the New Dominion a tael currency has been in use for some years. The Board of Finance also held that if a silver currency were to be adopted there could be no harm in using a tael coin.
This, then, is also our present decision: and we have furthermore adopted the suggestion of Tuan Fang to coin a large quantity of 5 mace pieces (half taels) to be of equal currency with the tael coins, and to be legal tender for any amount. Besides these two coins we
GA
238
-100 T9qg00 edd noqu Wen Vidaom etil vitsb ↑ lent
nottefoto bebeqminu me and aids ti bne
,VONSI
Durolla gorekoven¿xe to atider vriw co&89" or at shedd
.Derebosgns 90
e to suiev edd dana 08Js betste reed aan JI
dert bred860 000, to dorit Bedamixonqqs Tallob
→Ĉns in Vioo 02 cios Lemoldoent bar faqtonliq and ddiw
30 Ju
.be/qmia ere amidalroles bataisт vi
Jou ste voneti ed to zolder Iggel ont a gnol
ae brav vidzadenos dam egter textem eft bexit
-mi coitosarwId Jeving bas olduq add I'e vitnem
-ited ent daso bre revile rowded egnarioxe evInv
bly Iss♪ end to 9c8lq ni reulev Tallob to noljuj
-Cet on to nottantIqmco e arisuborq ei diwası yino
To extend our argument further afield:
in all our
transactions with other countries, foreign obligations
The
have always been liquidated in terms of taels.
Native Customs revenue, also, is expressed in terms of
K'u P'ing taels. Foreign commerce is carried on en-
tirely by means of exchange calculations, and the price
of the pound sterling fluctuates with the state of the
silver market. By using a tael currency transactions
can all proceed as before, and the extended use of such
a coin cannot fail to prove advantageous.
The coinage of a tael currency was recommended by
the Council of Finance. In Hupei and the New Dominion
a tael currency has been in use for some years.
The
Board of Finance also held that if a silver currency
.anoid
were to be adopted there could be no harm in using a
aslonensus lia ni dard si JneNETS TONJONA
tael coin.
yď don ban 900lq srid wď berotoer ed bluore amioo
vo benoloer sd deo asslIob en Jeui, JUA
fje mojaμf”
-at dode 818 vert sono afsed meo cals 08,00eiq ert
bne anoiarevino to siduod erd elid bre antoo of
tut pala Iliw antoo doua beves ed Illw adminoatb
'
vient of dry low at gr Ibnogastros lo moltibooo add
.moj denimonsb badiroent
and we
This, then, is also our present decision:
have furthermore adopted the suggestion of Tuan Fang
to coin a large quantity of 5 mace pieces (half taels)
to be of equal currency with the tael coins, and to be
legal tender for any amount.
Besides these two coins
we
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