Memorandum On the Straits Settlements Currency Scheme
The book Memorandum On the Straits Settlements Currency Scheme was written by author Huttenbach, August Here you can read free online of Memorandum On the Straits Settlements Currency Scheme book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Memorandum On the Straits Settlements Currency Scheme a good or bad book?
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Cuthbertson said, in regard to the relations between " debtor and creditor, he could only say the disturbance on the present occasion "would not be as large as it had been by the fluctuations in Silver. Looking " back to the past, he did not remember any very great difficulties arising in " Singapore as between debtors and creditors." And the view that " the disturbance on the present occasion would not be as large as it had been by the fluctuations in Silver", did prevail and was unanimously e...ndorsed. Other Effects. — The effects of the misunderstanding on this score, will prob- ably not be limited to hardships to individuals. Harm will also ])e inflicted on the general trade. Friction, disputes and lawsuits are hkely to be tlie order of the day, disturbing the trade of the Straits and their customers, alienating the same. The losses of the middlemen might lead to numerous failures, reacting, on and dragging down with them other houses, not affected in the first line, European Merchants included.
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