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The Colonial Govt ought not to have
Any great difficulty with these coins; on the
one hand they should be
very careful that there should be no over issue, so as to avoid
their losing their nominal value; on the other they should endeavour to keep the supply just up to the demand, so as to prevent the creation of premium arising, in distributing them the wants of the public department should naturally be the 1st consideration & the Control Officer, was here to touch the
requirements of the military branch departing should be treated as any other public department - part in fact of the Queen's Government - not immediately under the orders of the Governor
I cannot think that many
of the civil departments can have many small payments to make, except perhaps the Surveyor General for labour, &c. putting the coins into circulation
among
the soldiers
as any
other
labourers is as good a way of doing it - Mr. Twistleton appears to have led
you
to think that the Treasury Officer made demands for an inordinate supply; I cannot
state
is metal under
made for sufficient for the purpose
Conceive what object he can have
20.
the
had in doing so;
possible amount of
his balances is limited under Treasury
instructions, he would obviously wish to keep them in what was most convenient to him, unless he wanted them
to pay
away all $20 Cent,
(18.5d + 10d) would obviously not be so
convenient as dollars.
I am
as actual
inclined to think that this is another instance in which there has been a little needless exasperation between the Imperial & Colonial Officials.
I think it would be well to get from the Govt a report of the various supplies which have been sent out the last few years, shewing how long it has taken to get each £10,000 into circulation, & through what channels they have been disposed of & ask the Treasury Officer what are his monthly requirements, and that of other departments, hoping explicit instructions, that they are not to be issued at a premium.
We might hasten the circulation of the