communication appears to be to
maintain that the
currency of Hongkong should be the Spanish Dollar alone, instead of that fixed by the Proclamation of the 1st of May 1845, and to express a desire that the lotes of the briental Bank Corporation should become legal Tender throughout the Colony-
а
a
There can be us doubt whatever that making the Notes of the Micutal Bank Corporation legal Tender would be a very convenient
and if it could be carried
measure;
out without a chance of ultimate loss to the holders of Notes, Ishould coarmly advocate its adoption. The
which your question
is one on
a
Cordship will be able to form better opinion than I have to offer
on
may
202
this important point, but I
add that, if it be true, the Government of Ceylon has caused there Notes to be a legal Tender there,
Isee no reason
whatever
why
С
similar arrangement should not be made at Hongkong- presuming as I do, that the checks on the
Corporation by a proper system of Government inspection, are _ similar in both Colonies-
Perhaps the contents of Wr Group letter may assist your Lordship in reciding with regard to the Memorial from the Civil Servants of this Colony forwarded in my despatch J 2/ of 23 dd Instant on the subject of the Colonial Currency.-
I have the honor to be,
with
Y.