Testimony of Francis P Knight of China Before the United States Silver Commiss
Testimony of Francis P Knight of China Before the United States Silver Commiss
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This is known as " sycee " silver, so-called pure silver, the value being established b}' test, agreement, brand, purity, etc. , all of which differ in various sections of the countr}'.
Attached to every custom-house or official station there is a government bank of deposit, or sub-treasury, where duties and taxes are deposited, and in settling these a premium of five to ten per cent, is exacted for exchanging local silver for government sil- ver, so called, although the greater part of the dif...ference is fictitious.
Silver is in realit}' the standard medium of the empire, principally in the form of " shoes, " but taken in every shape b}' weight on the native basis. The money scales and weights vary but little, and are taels, mace, candareens, and cash as decimals, calculated thus : 10 cash = 1 candareen ; 10 candareens = 1 mace ; 10 mace = 1 tael = -^^ of 1^ lbs. , avoirdupois. Accounts are kept in taels or their decimals, and although iveights^ they answer all the purposes of coin, as all business transactions with the natives, away from the small circles of the foreign ports, are reduced to a " tael" basis.
What to read after Testimony of Francis P Knight of China Before the United States Silver Commiss?
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To quickly assess the difficulty of the text, read a short excerpt:
This is known as " sycee " silver, so-called pure silver, the value being established b}' test, agreement, brand, purity, etc. , all of which differ in various sections of the countr}'.
Attached to every custom-house or official station there is a government bank of deposit, or sub-treasury, where duties and taxes are deposited, and in settling these a premium of five to ten per cent, is exacted for exchanging local silver for government sil- ver, so called, although the greater part of the dif...ference is fictitious.
Silver is in realit}' the standard medium of the empire, principally in the form of " shoes, " but taken in every shape b}' weight on the native basis. The money scales and weights vary but little, and are taels, mace, candareens, and cash as decimals, calculated thus : 10 cash = 1 candareen ; 10 candareens = 1 mace ; 10 mace = 1 tael = -^^ of 1^ lbs. , avoirdupois. Accounts are kept in taels or their decimals, and although iveights^ they answer all the purposes of coin, as all business transactions with the natives, away from the small circles of the foreign ports, are reduced to a " tael" basis.
What to read after Testimony of Francis P Knight of China Before the United States Silver Commiss?
You can find similar books in the "Read Also" column, or choose other free books by Francis P Knight to read onlineMoreLess
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