advantage of your Government to seize favorable opportunities for making remittances to this Country, but it is the practice of the bullion market that all transactions should be made for ready money, so that it is thus necessary that the Brown Agents should be placed in funds previous to their purchase by them of bullion out of which any given supply of these coins are executed. When the consignment has been received on the Colony, the issue should be allowed to go into circulation dependent on the demand for them as token Coins.
Whereas the extent of the remittances from this country must be determined by the requirements of your Government within the Country, either with respect to the demand for further supplies of such coinage or for General purposes.
7. It is hardly necessary for me to observe that in placing such Coinage in circulation, a considerable responsibility is incurred unless such coinage is generally accepted at its nominal value, grave inconvenience is suffered by the community. You should therefore be at great pains to keep such coinage at par, while on the other hand it should guard against an Excessive ...