I have already stated the method by which these institutions should manage the various local exchanges. From time to time, frequent shipments and receipts of coin and bullion might be necessary, at the outset. But with the progress of time, and better methods of business introduced by these banks, the frequent transportation of coin and bullion might become unnecessary - except at rare intervals. The object in view, so far, is only to have uniformity of currency values in the country; and, properly worked, the district bank would attain the desired results within a very short period. For the moment, currency reform in China might profitably keep away from foreign exchange. The foreign exchange banks are doing this work successfully at present, although not always advantageously to China. Such a situation is inevitable, so long as confusion reigns in the internal currency of the country. As I stated briefly in the chapter on the Standard for China, the very fact of the unification of the several currencies prevalent in this country would bring about steadiness in the relation between gold and silver. Thus the question of foreign exchange would find a solution, partly by the adoption of the silver standard, and partly by the foundation and working of the district banks. Much, however, would still remain to be done; but, on no account should the note-issuing banks in China take up to dealing in foreign exchange; equally important is it that the Government, as at present constituted, should have nothing but a supervisory control of the note-issues of the country. But the Government should take steps in connection with the regulation of the foreign exchange, especially as it has large amounts to pay to gold countries. This point I will explain while dealing with the reserves of the district banks.