CO129-367 - Acting Governor May - 1910 [6-7] — Page 523

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OPY

521

Official Gazette of May 25, 1910.

Translation,

Clo

Proposed Regulations in regard to the

Coinage, with explanatory notes on the

same,

submitted for the

approval of the Throne and sanctioned 24 May, 1910.

Section I.

The unit of China's coinage shall be named the

dollar.

Bxplanatory Note:- The term unit' is applied to that

awn which forms a basis for money calculations. Sums below the

unit are known as fractions.

The denominations of the national coinage shall

Section II.

be as follows:-

Silver coins of four

kinds, 1.0. one dollar,

50 cents, 25 cent, and 10 cent (or 1 dime) pieces.

Nickel coins of one kind, 1.0. 5 cent pieces.

Copper coins of four kinds, 1.e. 2 cent, 1 cent,

cent and 1 cash pieces.

Explanatory Notes:-

(a). The question of nickel mines and of the

system of minting nickel coins being still under investigation,

it is proposed to postpone temporarily the minting of 5 cent

pieces.

(b). It is proposed similarly to postpone

temporarily the minting of one cant copper pieces owing to the

likelihood of their confusion with the old 10 cash pieces.

Section III. The dollar shall be the standard coin; 50 cont

picces and all coins under that value being subsidiary coinage.

The decimal system shall obtain throughout, x i...

1.dollar equals 10 dimes

1 dime equals 10 cents

1 cent equals 10 cash.

All exchange transactions shall be made in accordance with this

relation of values.

Section