To the Editor of the "Nonru-Cuaxa Dany News"
Sin,—Mr. C. A. Bacon's suggestions!
your issue of July 23, deserve full and prompt approval.
It is to be hoped that Messrs, Kung, Soong and Chen Kung-po will confer and recommend to the Government to take early action, as they [possess common sense courage, The convenience should be obvi-Jous, the models of all other trading nations shew the necessity.
Opposition would come from exchange shops but they can be given warning and adapt themselves to follow other businesses. Most them retail cigarettes and contectionary alread): and this trade would with facilitating payment by growing retail trade in Shanghai and throughout China would advance immensely.
Mr. A. R. Burkill recommended fitly-cent pieces some five years og Jand the need is palpable.
Minting is easy now. The balance lof the stock of taels, say, eighty millions, can be used it not required to convert into standard dollars.
It is a big job, with much howling at the beginning by interested pantes, but the Government at Nanking can tackle it and bring it to a successful issue to their increased prestige, as the abolition of the tael was done, despite pessimistic predictions.
More detail would be wearisome Jas it is an old subject and one that frequently has boort discussed for Atty years at least, but now action is called for, and much can be expected from progressive, disinterest Shanghai, July 24,
Text read from the printed page and cleaned; old type leaves the occasional error.