The Trade And Administration of China
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Kuping Tael The Kuping tael is the currency in which are collected ./all other dues to the government than Customs duties, ^ excepting only those which are levied in kind (such as the grain tribute) or in copper cash. Theoretically uniform throughout the Empire, there are still differences to be observed apart from the differentiated receiving and paying rates referred to above. In one respect this tael may be considered as "bank money" — a fictitious medium of exchange from one currency to ano...ther — as when we iind that (with normal exchange at 1,200 cash to the tael) 2,000 or 3,000 or 4,000 cash or more are levied where a tax, assessed in taels, is collected in cash, while the ex- change is fixed at 800 cash or less where a tax, assessed in cash, is collected in silver. This, however, from another point of view, may be taken as an eccentricity of the Chinese taxing offices. The normal standard Kuping tael is 575-8 grains of silver 1,000 fine ; this is the receiving rate (the paying rate being 0-2 per cent, lighter) at the Imperial Treasury, and the several provincial treasuries vary from this standard in some instances as much as one per cent.
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You can find similar books in the "Read Also" column, or choose other free books by Morse, Hosea Ballou, 1855-1934 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Kuping Tael The Kuping tael is the currency in which are collected ./all other dues to the government than Customs duties, ^ excepting only those which are levied in kind (such as the grain tribute) or in copper cash. Theoretically uniform throughout the Empire, there are still differences to be observed apart from the differentiated receiving and paying rates referred to above. In one respect this tael may be considered as "bank money" — a fictitious medium of exchange from one currency to ano...ther — as when we iind that (with normal exchange at 1,200 cash to the tael) 2,000 or 3,000 or 4,000 cash or more are levied where a tax, assessed in taels, is collected in cash, while the ex- change is fixed at 800 cash or less where a tax, assessed in cash, is collected in silver. This, however, from another point of view, may be taken as an eccentricity of the Chinese taxing offices. The normal standard Kuping tael is 575-8 grains of silver 1,000 fine ; this is the receiving rate (the paying rate being 0-2 per cent, lighter) at the Imperial Treasury, and the several provincial treasuries vary from this standard in some instances as much as one per cent.
What to read after The Trade And Administration of China?
You can find similar books in the "Read Also" column, or choose other free books by Morse, Hosea Ballou, 1855-1934 to read onlineMoreLess
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