CO
ordinary demand for them, much to
annoyance, inconvenience, and how dire
the
ultimate loss of applicants.
This
morning my
total stock
was $3,384 of these notes.
I attribute greatly the large demand for them to the increased activity in business now displayed in the colony by the Chinese (possibly the population may
be larger) and, as there is no reason to think this
will decrease, but rather the other
way, it may safely be assumed that
an
increased demand will ensue for
One Dollar notes, which, unless supplied, will cause much public inconvenience and
annoyance.
The circulation has been in existence
just over three years and has proved a very great public convenience.
I therefore would ask the Government to give us power to increase our issue, or, if the authority has to be obtained from the Colonial Office, to obtain it for
us, say, for the present to the extent of
$74,000, which would make the total authorised issue $300,000. If circumstances required, a request for a still further issue could be
made later on.
At the present time Chinese capital is being largely invested in property in the colony - indeed it is