Trade Dollar although of slightly
greater value from being
leg
gal
tender
made a
under the order in
Council, provided it were
duly
authonzed by the Governor.
I am, however, to observe that
it is probable that the increases
cost of minta.
g
which has been
mposed, viz:- 1 1⁄2 p. c al San Francions.
9hiladephia
and 14 per cent
L
at
will have the effect of decreasing the importation of Trade Dollars
into China and the Straits Settlements
Their Lordships have, however, already stated, in the letter from
this department dated
92
5
th
Febru
ary
last, that They will offer no objection, if Lord Carnarvon deem
it expedient to authonge the Governor
of Hong Kong to take the necessary steps for declaring the Trade Dollar
of the United States to be legal Tender in that Colony, poor ded
that it be not less than 416 grams.
in weight, of 900 fineness.
But They
would invite Lord
Carnarvon's attention, before any such.
measure is finally
adopted to the
Reports received from the banks in
1895
with
1
regard to the difficulty
this
which
·