opy.
TREAT
33727
HONGKONG AND SHANGİRAI BANKING-
CORPORATION,
HONGKONG,
7th July, 1903.
301
Sir:-
We have the honour to inform you that the under-
mentioned Banks received notice on the 10th ultimo
of the termination of the Agreement made on the 14th
of December 1894, between them and the Secretary of
State in Council of India, for the coinage of Bri-
tish dollars at the Indian mints at a seigniorage
of 1%
The said Agreement was subject to six months
notice, and therefore terminates on the 10th of Dec-
ember, 1903.
The Secretary of State in Council of India
states "that the Government of India propose to
"raise the seigniorage to 2% in future".
"Moreover they anticipate that the re-coinage
which
"of rupees issued in the years 1840 to 1882,
"are being steadily withdrawn from circulation, will
The Honourable,
F.H. May,
C.M.G.
Colonial Secretary.
*provide