348
on
assigning a premium to the Dollar instead
a discour-value alone
to the sovereign The dollar has no
exchange actual currency
ench enviency beening the Dollar itself, c
that uideridual alone
who requires money within. I repeat
buy
Dollar to
can derive advantage from the dia
in London, or as
is is a
that the government official the necessaries of life
no position to make advanta
advantageous
or elsewhere.
web
Hong Kong and is a
remittances to London
I have cursorily remarked above that Exchange operations.
11. That wen supposing the high value
the Dollar Exchange Operations to be lasting Government servant's pom
L
the
their
accidents
position will never,
except in some trivial and exceptional instance be able to avail themselves the advantage
1
partioir to
wants
revues
theid apparantly aganded; and
hes
3.
perce
originally fixed the
currency,
and the Wollas alone occupied
may
at some
future time tell
aganist..
the Dollar; in which can
long
futuel pacification of
J
the
the
Country
cviculation
and the
the vast amounts-
consequent return to Dollars hoarded bu
Chinese in the recent and present state
the Empire
9
deniable
went may
not arrive for years.
but in the
the Government servant if paid in that com would have cause of complaint
30
; and I believe that
currency of the country; they would be
would be prejudiced, just-
apparently only, and not really or tangibly.
That the Dollar will fall
все
exchange-value at som
Fiice will I think be the natural result.
as it re dirad the
recognized
Orford
such cas
ao
Shery
are aa
advantaged
noe
lastly. That government servants are entitled to be paid--
in Dollars da
the weal
currency of the place not only by
Equity of service but because when, their salaries (now reduced,
hose who
fiped
British Cour was
Die several accounts.
and Cambridge blut,
9th August 1855
unknown in the
a place is the minds.
Commons
Colonial Leentary
7 Hongkong
meartins the possible freedom of large supplies of the no
Dear Ch
evrenlating medicine is a matter to be consider
-proposed establishment-
ui connectoic with the
Ex
Mint
to cuts
Into this subject however it is unnecess
recessary and I have
to submit in recapitulation that In
established these
sherr points:
only
among
1. That the introduction of British Coins into Hong-
شد
has proved a failure so far
as
Concerno
their equit
admission into the General Currences:
That their introduction has occasioned loss to the
as
government regards public Contracto
That it has resulted in loss to the servants
16 of you
(4)