For the amelioration
of
Colonial Currency questions
The You, I may observe, is already legal tender
in the Straits Settlements. It may be recalled
that many years ago an
dollar was coined
at Hong Kong; but it failed to establish
itself as a medium of Exchange and
the Hong Kong mint has since sold
to the Japanese Govt., which has had it to
Coin the yen.
857
To supply
On $1,312,930
British Dollar would
not help to afford
ample supply of currency —
nor help changing
gold using Currencies.
It would be costly because it
could not be laid down in the
East or at a
price to hold its own against
Mexicans. There used to be the
way of
Mint buying silver at the price of the day & cost of
13
the
cost of minting — then wither
a stock
kept in hand
to be used
month
in mint
at very short notice
without being
able to rely
on whatever price may happen
& minting
the few
times when
available bullion
makes full use of the mint.
As shown by Mr. Saunderson’s minute
Com...
moved preface in by saying that there has
been a
scarcity of
Late
Mexican Dollars
in the months of July & August
Scarcity has
Recurred.
No. It is quite
at the first glance obvious
this time — The year. This was however during a period of scarcity due to exceptional causes & there is
an ample supply. Amin
Jan
14/12
Admiralty
genti...