The Chinese Government's plans for printing bank-notes will be watched with interest, but is passible to be a little puzzled by the condence with which it is asserted that USM.C.; pays his respects; centre, the cost of a note will work out at 1 cents, This does not accord with the view that the new proposals will result In economical working, ale though, on principle, it is obviously desirable that such notes should be printed in the country, with all prop-jer precautions against the dangers to which such operations are exposed by forgery and the like But it may be wondered whether the cost shoud be as high as the figure quoted suggests, The policy now proposed by the Chinese Government was adopted by the Government of India some ten years ago. It is believed that a considerable saving to the Indian. ex chequer resulted. This was due in a large measure to the cheapness of the cost of production of the currency notes then printed in India, The: figures could probably be obtained from Simla and study of them might afford valuable guidance to the Chinese authorities perhaps, a revision of their views on the subject of economy,
Text read from the printed page and cleaned; old type leaves the occasional error.