Joint: viz. whether we should continue to regard the Mexican Dollar Standard coin, or admit the British Dollar into Part II of the Legion Schedule of the Straits Order, along with the Mexican; or (2) we should make the British Dollar the standard coin, relegate the Mexican to the subordinate Schedule; or (3) should in some way devise a form of wording to make both British & Mexican the standard coins (we annexed note from M. Chalmers).
The objection to (1) is the sentimental one that it apparently puts the British Dollar in the undignified position of being subordinate to the Mexican; but in the new British Honduras coinage Law, (draft herewith) we have inflicted this indignity on the British sovereign by making it in a sense subordinate to the American gold dollar. I do not myself think that the British Dollar will suffer less prestige by appearing in the second schedule, below the well-known Mexican.
One objection to (2) is that the British Dollar may after all be still-born, and if so, we certainly cannot ensure its survival by any phraseology in the Order in Council; and when it is dead, it will look ridiculous to call it the standard coin.
Fords Remarks.
627
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