think that the Semon Commipariat
officer
was
justified in me
"making
acknowledgment" of such are
No
offer.
independently of the fact theat, omring
to the large balance at that time. tottu large
in the chest, he would not
have
been justified in raising further supplies by drauring a Bill on this
Board.
The same Despatch states
that "eventually all the Cours that
eventically
could be spared
were sold to the
"Hongkong & Shanghae Bank at
4/32 . The date of such disposal
-
is not givein but their Lordships beheve that the Exchange of the day
which
嘮
which averaged 3/9 during
montles
101
ttu
of Juure & July, 1876, did
not reach the above rate in the period to the 14th November, which day the despatch itself
Weld
written.
Their Lordships cannot but feel
that, since seignorage
may
be looked upon
ort
reimbursement to a Government
the Expenses
token Coms
as the legitimate Government for
attendant
intrinsic
on
perhaps
Connage, it is poling
longer
to allow
a
a mistaken
Colony, which no
incurs the last named charg
to continue to reap the profits of Subsidiary
1