measure may
have
some effect towards stimulating the employment of the Canton coinage and lessening the import from Hong Kong,
A very small amount of Hong Kong coinage, if any, is melted into ingots or ornaments, the tokens being far more valuable in their present condition. A considerable number are certainly used as buttons, but these can only be regarded as temporarily detached from circulation; they almost invariably return into currency with a fragment of the silver shank attached, denoting their late employment in active service; and it is unusual to receive even five cent pieces as change without finding one at least similarly disfigured.
I have, &c.)
GESTHILLIP,
Secretary to the Treasury.
Mr.
MINUTE.
Helson 6 July
Mr. Lucas. 6
Fairfield:
Mr. Wingfield.
Mr. Nordstone.
Mr. Leade.
Baron
Worms.
Lord Knutsford.
fs
1120792
632
for
N Koy
3 With
Ind
8
Jetz
reference
642
1892
to the
letter from this Department
of the 7th of April last
relative to the
Hongkong
silver
subsidiary
coinage,
I am directed by
Lord
Knutsford to forward,
for the consideration of
The Lords Commissioners
M. G. Mitchell-Innes
June
(Coins)
My correspondence with the Colonial Treasurer, as per letter noted in the margin, and I am
margin
Happy
that the