80
"Louisa" arrived in harbour with the first instalment of the New Subsidiary Currency
A Meeting of the Legislative Council was accordingly called for the 4th Instant and the Currency Bill read a first time, the Draft appearing in the next Government Gazette.
On the 16th instant the Council was again convened and the Currency Ordinance was duly passed, and numbered I of 1864. "An Ordinance to provide for the Conversion of British Currency in all payments by or to the Government."
I enclose copies (3 Spare Copies) and ask your Grace's recommendation of this enactment for Her Majesty's approval and confirmation.
I also enclose a Copy of the Proclamation fixing the day from which the new currency shall have effect, viz. the 16th proximo.
I should mention that at the first meeting of the Council above referred to, a Draft Bill was considered to prevent the defacing of the new coin, but on mature deliberation it was resolved not to proceed with this, as not only was it unlikely that the Chinese Shroffs would practice...