9 to the Chamber of Commerce, KircArthur
Kennedy
how sends all their replies dvasions.
extracts from the newspapers without any
his own.
Opinion of his
All the other 5 Banks report against the
Japanese you dollar,
as
in the Japanese Mint ; they
they have not confidence
are all to a certain
extent in favour of the Trade Dollar. that is to
Say in the uncertainty as to the Mexican supply
be ready to
they would accept another dollar of the Lane intrinsic value coming from to reliable a source an the San Francises Mint, but they would prefer
if possible that there should be but a single kind of doller current if that can be supplica from anywhere in sufficient quantities, the fareserved for chopping
as it appears the dollan of the Honghong Mint were: to the then print and that the Grade Dollar thong of the same intrinsic value
من
Sweat
"
the auch opped Mexican Follar is not of the same weight. & therefore would not adopt itself readily to the standard of weight which
standard of weight which is feractically the basis of the currency; if incroduced, they wonten Dily make it legal when wachopped or clean, when
as counted trot as weightt.
they would pass.
Subsequently the Chamber of Commerce had
at which all the Banks were represented? the whole fuestion fairly disenssed ; eventually a resolution
I meetings,
7
182
moved by M. Whittall- an Unofficial Member of Council was carried with only one dissentient to the effect that the Gov. should be requested
b
Communicate with the Home authorities
of the Mint, and endeavour to come to soma
arrangement for the coinage of a evitable- doller for the Colong on similer terms to those
how offered by the Washington your !
objection to for recommending
I se
see ho
Ac (0.
this proposal to the favorable consideration of the Lords of the Treasury, but Eshould apprehend that the arrangement is impracticable that the Royal Mint would not undertake Anything of the kind.
It default of such a plan general opinion would appens to point to the adoption of a Standard something like that of the Straits Settlements which rans thas
"The Boller issued from Ster Majesty's Mint at Hong Kong, the Silver Dollar of of Chain, reaico Pern, & Bolivia, Fany other silver dollar lobe speci Fied from time to time they the Governor in Council shall be the only legal tender provides that ho
legal tender unless it be of
Foller shall be a
the same fineness finfrineic value as
the HongKong Follar, I be of not less then 415 grains Troy weight the not injured or defaced"; The Sen dollar