A.
172
Enclosure in Mr. Max Muller's No. 32 of September 10, 1910.
Wai Wu Pu to H.M. Chargé d'Arf
30973
8102 10.
35300
$80-362-1910.10.
1.Y
Memorandum.
The Board has the honour to acknowledge the receipt of
Mr. Max Müller's memorandum of August 23 in which he states.
(Quotes memorandum).
The Board accordingly addressed the Board of Pinance and
have now received the following reply:-
+
"In the Board's memorial submitting regulations with re-
gard to the coinage, the weight and touch of the standard and sub
sidiary coins is most carefully defined. Further section VIII
strictly defines the maximum errot allowed, while by Section
XXI measures are to be taken to establish an Assaying Office,
and the coining of debased à coins for circulation on the mar-
ket will certainly not be allowed.
"As regards the regulations of the old coinage, our Board
in the memorial which submitted a scheme for dealing with sil-
ver and copper acins already coined stated as follows:-
* When the new coinage is distributed to the provinces,
silver dollars and the subsidiary coins already coined can
be submitted permitted to circulate temporarily at the market
rate, and at the same time the old coins will be gradually re-
deemed at the market rate and changed into the new coinage.
a
"When it is qlculated that there is enough sufficient
of the new coinage for circulation, a date will be announced
in advance for prohibiting the circulation of the old coinage.
Old coins can after that date still be exchanged for the national
coinage in accordance with the real amount of silver or copper
they contain'.
"When the time arrives the Board will naturally take note
and act in accordance with their Memorial"
"Silver dollars and silver subsidiary coins not coined by China, will, when the new coinage is in circulation, be treated in accordance with the established practice of all nations.
The Board has the honour to communicate the above reply of the Board of Finance.
W
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