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14 I recommend that the Treasury Instruction requiring the Colonial accounts to be kept in Pounds and Shilling be forthwith withdrawn, and the accounts at once kept in dollars and cents.
Andly That as soon as the necessary arrangements can be made the Proclamation of 1844 be revoked and another substituted for it declaring the Dollar and its parts the only legal tender in Hongkong.
28th that a local ordinance be at the same time passed converting all items of either revenue or expenditure calculated in former Ordinances in Pounds, Shillings and pence into Dollars at the rate of 1/2". And that in all subsequent legislation money calculations be expressed in the currency of the place.
1st That concurrently with the publication of the Proclamation and ordinance referred to, the unmentioned coins be issued at the Treasury to the Public in payment of sums below a dollar and in exchange for dollars too.