Its circulation is deferred until practically all the good silver at present in Jen... has been exchanged for gold; no difficulty will arise if that should be the case. It is possible that the Straits Settlements and Labuan might be left some day with a considerable quantity of silver not being legal tender elsewhere, the demonetization of which, if then desired, would be a costly operation.
M. Chamberlain is therefore disposed to think that the present opportunity should be taken, while the silver rupee is appreciably valued higher than the Mexican dollar, to demonetize the rupee in the above-mentioned Colonies; but he would be glad if their Lordships consider it necessary.
The Order in Council will be prepared for that purpose and be favoured with their Lordship's views on the suggestions.
I am to request that the Japanese Law is to be translated according to them.
Page 368
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