It is difficult to designate the position of currency in China at any period, under any of the heads known to experts of currency. At no time was there anything corresponding to a system. Especially after 1890, up to to-day there have been the following to reckon with: the cash coinage, now complicated by the issue of ten-cash pieces, which are really token coins; silver bullions, based on the unit of the tael and only to be found in the shape of the sycee or horse-shoe of varying weights, touch and fineness; actual silver coins, which are, however, mostly Mexican dollars and dollars of other foreign countries, and, quite recently, of provincial mintage; lastly, subsidiary silver coins which have been brought out of the several provincial mints - practically of all them ten and twenty-cent pieces - circulating independently of the dollar and with varying values as compared with the dollar. When approaching the question of currency in China it must be carefully borne in mind that there is no legal tender of any coin in the country. But there is a sort of bimetallic arrangement, operating with the copper cash and the silver tael as units -the cash being a standard coin and the tael an uncoined unit of weight. This should not be confused with bimetallism, as known and understood in the West. Silver and copper in the currency of this country are independent of each other and circulate without a fixed ratio of exchange between them. Attempts were, however, made from time to time to regulate the value of a tael at a thousand times that of the cash; it was, however, found impossible to bring about such regulation as the exchange between the cash and the tael depended very largely and generally upon their values as metals in the market.