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Considerations on a New Monetary System for China

Considerations on a New Monetary System for China


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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1904 Excerpt: ...this are not overlooked. There is danger of evasion of the law, of a poor quality of opium, etc. In many respects a government monopoly is preferable. On the other hand, considering present conditions in China--the difficulty of handling honestly government monopoly, the need of immediate and certain returns, etc., --it is probable that the opium farm would secure the needed revenue more certainly and promptly than the other forms of tax suggested. VIII COST OF ESTABLISHING THE NEW MONETARY SYSTEM.--ESTIMATES. It is assumed in suggesting these figures, in order to make the estimates at the highest possible cost, that the population of China is, in round numbers, 400,000,000; that the new monetary standard coin shall be a dollar about equal to the present Peiyang or Canton dollar in size and weight, and that it is given a gold value slightly above that of the Japanese yen, enough to insure the requisite profit. It is within the power of the Government to fix the rate of profit at the beginning. There are two bases of estimates, the first assuming that China will need eventually, when the system is completed, four of these new dollars per capita. This is an outside estimate, larger than is usually given, and larger probably than is needed. The second assumes a circulation of two of the new dollars per capita, is the one more generally given and is the one recommended. It is ample for starting the system, though the rate of coinage might be increased, if the coins went into circulation readily. FIRST ESTIMATE--$4 PER CAPITA. The circulation for the entire Empire when the system is completed will be $1,600,000,000. In the four chief provinces of China which are especially connected with foreign trade--Chili, Kiang-sii, Hupeh, and Kwangtung--and which contain all..


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Product Details
  • ISBN-13: 9781154148701
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 34
  • Spine Width: 2 mm
  • Width: 189 mm
  • ISBN-10: 115414870X
  • Publisher Date: 01 May 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 82 gr


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