To the Editor of the "'Nontn-Cuixa Day News"
StI have just, received an appeal from the China Association for a donation to a fund for the relief of the British Unemployed in The had fand the Salvation Army. Surely iis time that the various British Societies got together and authorise To the Editor of the "Noma-Cntsa Dart News"
Sm—Mr, Maguire has expressed dissatisfaction "at the "Use paper bank notes of the denomina ion of 10. and.20°cents instead of Iminoy subsidiary coins of alyer. Rave no desire to answer his fetter 'That fas been wel done by FW: T should; however, lo to call atten tion'to the fact that our sal silver fong are-not so far issued by. the Nanking' Government. Such smal Silver bing as we have find thee main guarantee Yn the actual silver ontent. We now have no. silver fenccent_ pieces." The" twenty-cent ferns "are" famed "by Kuangeang Province. Paper' issued. by" that prince might or might not be goes.
liver is geod anywhere for' its intrinsic value, "A minor banknote iran fort ull vale ifthe bank "The dea that "population most tate ems. at their face aloe. fntraes 'Even in America "greene ist Wart—to say sething Simost unbelievable depreciation of i' Warr—to ay nothing ofthe
; fiat money in some Euros can countries after the Great Wa Froe, these are not coinage, but Hons of depreciation in coins could be given quite apart from China.
Most countries make a profit on their subsidiary coinage, and the
short weight subsi Kemme isi 'China accordingly. That would fall right if the. authority of the (Government extended in' monetary matters over all the area of China instead of over a comparatively few Provinces. "In any ease short-weight coins for ten, twenty-five, and Atty Jeents would be much better than none at all. The public waits Patiently for the Mint to act, pute Eng out any small coins at all. believe the plans and. probably. the dies are for small coins in these denominations, But what is -to Prevent a full weight twenty-cent piece that would circulate as exact-{yonesttth of a dollar' wherever the' dollar itself' should cireslate.
would be a convenience not only in Shanghai but in far places, opinion silver coinage should "be ona universal standard for all countries, of a like degree of weight and fineness forthe main unit and with all subsidiary fall weight—definite silver fractions lof the unit coin.
Text read from the printed page and cleaned; old type leaves the occasional error.