The question that has been discussed for nearly thirty years and on which there seems to be no unanimity of opinion, is: what standard shall China adopt? The consensus of foreign opinion has been in favour of the gold standard, principally because the money of the home countries of foreigners is in gold; and they believe that the sale of their commodities in this country is being considerably affected by the vagaries of the constant fluctuations in silver values. Their solution is naturally to do away with silver and have a fixed value for money in gold as in their own home countries. The consensus of Chinese opinion, especially Chinese of the old school is that the standard should be silver; the reasons are that they do not want to break away from an age-long tradition and also the fact that in contradistinction to the attitude of foreigners, they want to sell more of their own produce to foreigners than they buy from the latter; and for that purpose, so they say, silver as a standard is certainly more advantageous than gold. A third class of opinion is in favour of a compromise; and as the standard has to be in gold or silver, according to the convention of the world, they propose a modified system known as the gold exchange standard - to which I have already made a brief reference and with which I will deal later on. The advocates of this system, like Dr. Vissering, are interested only in doing away with the constant change in the value of money in relation to gold; they point out as examples of the successful adoption of this system India, the Dutch East Indies and the Straits Settlements - the argument being that what is good for these countries should also be good for China.