The introduction of the new coinage presupposes proper arrangements with regard to minting. Owing to the unfortunate delusion among the Chinese that currency reform meant exclusively the introduction of properly-milled coins too much attention has been paid to turning out the coins, without sufficient care being devoted to other and more important problems connected with currency. Further, the same train of thought led to the belief that the larger the number of mints the greater the ease with which reform of the currency could be accomplished. To a certain extent, the establishment of the several provincial mints was due also to the misdirected ideal of provincial authority and autonomy; each province believed that it was conserving its rights by retaining the right of coinage. Even far-seeing statesmen like Chang Chih-tung were unable to control this phase of the question, and although their intention in making proposals was to have a single and centrally-controlled mint, they were unable to direct events to conform to their intentions. It is, however, a consolation that half the number of provinces have still no modern mints; and the old processes of turning out the cash are of little value at present.