Now that it is seen that a Central Bank, as proposed by Dr. Vissering, is quite unsuitable to China, it is necessary to know how the rearrangements of the banking system could be made. Dr. Vissering couples the establishment of the central bank with the adoption of a gold exchange standard; so he states that one of the services that the bank would have to render would be to maintain gold parity of the home currency in connection with the foreign rates of exchange, by supervising the conditions of the rates to and from foreign countries. Now that my proposal does not involve the adoption of the gold standard, the bank or banks would be relieved of this function; moreover, a bank which is specially connected with the state in China, should have as little to do with foreign exchange as possible. The bank would render service also by issuing, and bringing into circulation, the new coins of the country and by withdrawing the superfluous coinage in circulation; also by assisting in the withdrawal of their undesirable circulating mediums, such as Government notes, which have already heavily depreciated; finally, by the withdrawal, if possible, of all copper coins with a view to the improvement of the condition of the currency.