The stamps in question "Hongkong #1 stamps, the issue of 1862, the issue of which it has been necessary to declare obsolete on account of recent cases of forgery.
In view of the terms of your Circular despatch quoted in my telegram, I have not felt justified in adopting the recommendation of the Executive Council that the stamps should be sold for the benefit of the Colony, without receiving your special authority, but I entirely concur...
29th September last year to 26th May this year obsolete stamps face value about 60,000 dollars. Executive Council advise sale in lump. Authority requested.