CONFIDENTIAL
Organisation
2 -
機密
Comments/Suggestions
of any new coins should be given to
interested parties as early as possible.
Consideration should be given to providing financial assistance to those organisations
involved in storing, distributing and administering the coinage and to companies
which have incurred substantial change-over
costs. An early decision is required, for
costs will inevitably escalate.
(iii) 20 (bronze) and $2.50 and $5 (cupro-nickel)
coins should be added to the existing range.
The reasons therefor are as follows :-
(a) The existing denominations make the
defrayal of trifle expenses cumbersome
involving at times the carrying of quite a load of change because of the
limited denominations.
(b) Under the prevailing inflationary
conditions, the purchasing power
of money decreases gradually.
It
seems desirable that coins of higher
denominations be minted to facilitate
carry and defrayal.
(c) Indeed, the range of coins in
circulation should be closely related
to our way of life. A quarter dime (256) is useful only for paying one
first class passage on a Star Ferry
and its use is restricted whereas a
20-cent coin can pay for a tram or
bus ride on the Island as well as a
copy of a vernacular newspaper.
To implement this proposal, there are two
alternatives :-
G.F. 323
CONFIDENTIAL
/Scheme I......
機密