Property which one may touch physically, such as real estate, machinery, cash, etc. Good-will would not be considered a " tangible asset."

1 "If an article costs so many taels, it should be paid for theoretically by weighing out so much silver bullion of a given fineness. This is actually done in native transactions in the interior, but in the larger cities to-day such a transaction is generally settled by the paying over of some coin or negotiable paper at the current rate of exchange. Every locality and many separate trades have their individual tael standard, and the total number is said to reach nearly 70. The best known, the Haikwan or customs tael, in which customs duties are reckoned, weighs 583.3 grains avoirdupois, and few of the others vary more than 10 per cent from this. The cash is a copper coin used by the mass of the people for daily transactions. For rough calculations it is usually reckoned at one-tenth of a cent Mexican (money); but there are many kinds of cash and all of them fluctuate from day to day independent of the silver currency." From the U. S. Govt. Commerce Reports of Oct. 23, 1916.