Abstract: Likin is a temporary measure for raising funds to suppress the Taiping Rebellion and solve the military crisis during the years of Xianfeng in Qing dynasty. However, instead of being abolished after the war, likin gradually became the main financial source of central and local government. While Zhejing province imposed the largest amount of likin, an agreement has not been reached regarding it’s starting levy date. Besides that, existing research on the calculation of Zhejiang’s likin amount is based on price ratio between the silver and copper coin in Jiangsu province, rather than in accordance to the respective ratio among silver ingots, silver dollars and copper coins on the basis of original balance of payment/income and expenses. This paper argues that the currency structure of likin in Zhejiang is not only subject to levy methods, but also related to settlement of bulk cargo. During the mid-late Guangxu period, since likin income in Zhejiang was dwindling, the central government tried to converse the situation via rectification, promotion and temporary levy etc. while Zhejiang provincial governor kept pleading for a remission or relief of likin. Furthermore, the independence of local finance and mintage right made a difference to the development of late-Qing political situation.