though not perhaps
ikelf open to serious s
objection in principle, might very possibly lead to
a
false security
on
the part of the trading
community. Both coins were made legal tender in the Straits Settlements by Sie A
Clark's proclamation of 18744, although, as stated in hi W. Jervois despatch of the
2nd
had
of November 1876, the Japanese dollar N. 3895/77
only
been introduced to a limited extent.
Their Lordships will have noted thel
statement made in the same despatch that the
legativation of the American Trade dollar
p
had in August 1875 proved or great /
time of convenience to the community in a
considerable difficulty"; but they will on the other hand perceive that, if the coinage of
the American dollar is to remain suspended
and the supply of
Japanese
of past years,
exceed that
147
yens does not
the legalisation of
both coins in both Colonies will probably only
aggravak any evil which may from time to time
·
arise from
want.
OC
f
sufficient coinage for
- mercantile operations, by fostering illusory hopes
of a supply which will not be forthcoming.
I should incline, therefore, to the opinion or
that for the present it would not be desirable
to admit either coin to circulation in m
Đang hông.
I do not perceive in the papers now
under consideration that
made
f
an
trong hỏng
should
any
any complaint is t
insufficiency of coinage either in
or the Straits Settlements; but
apprehension exist as to al
deficiency of coin at some future time when
and
thep
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