Heavy Increase in Depreciated Currency During Last Two Years: Reforms Needed A very interesting and able memorandum on the subject of the depreciation of China's copper coinage has been prepared by Mr. D. McColl, general manager of the Shanghai Tramways. He states that in consequence of the appcarance in circulation of steadily creasing quantities of copper coins. with additional depreciation, during the past two years, he recently investigated the whole matter, and the results are embodied in this memorandum,
Text read from the printed page and cleaned; old type leaves the occasional error.