58
would
it
increased supply, and so
go on from year to year to the great profit of the Banks and without advantage to the Government upon which pretense it is put in the plea that the object sought is the relief of local wants, though in truth
the benefit denied is
an
increase of exclusive Banking facilities in
in China generally
10.
I
would submit with M.
Anstey that it might be preferable for the Government to derive some advantage from the opportunity
thus in its
a large
way of satisfying
and increasing
local
mere
demand, instead of strengthening the hands of one particular Bank
I am aware, however, that although the principle of the issue of
Notes by
the Government is supported by such high Authorities as Mr. Gladstone and Sir Robert
Peel
so
very careful consideration must nevertheless be first given to the local conditions
of the Colony, before so novel a step could be adopted, and I
merely refer to Mr. Christie's suggestion
of
a
may possibly
be
that
investigation
be found to contain the elements