Financial,
No. 118.
India Office, London,
10th July 1903.
316
To His Excellency the Right Honourable the Governor General of India in Council.
MY LORD,
In continuation of my Financial Despatch No. 101, dated 26th June 1903, I forward for your
Coinage in India of British information a copy of further correspondence with the Hong Kong and Shanghai Banking Cor-
dollars and new Straits Settle- ments dollars.
poration and the Chartered Bank of India, Australia, and China, and
* From the Banks, dated 15th June 1903.
To ditto, dated 2nd July 1903.
I shall be glad to be furnished with any observations you may bave to offer on their letter of
15th June, in which they deprecate the proposal to increase the seigniorage on the coinage of British dollars from one to two per cent. and to give precedence to the coinage both of Indian rupees and of the new Straits dollars over that of British dollars.
I have the honour to be,
My Lord,
Your Lordship's most obedient humble Servant,
(Signed) GEORGE HAMILTON.
13112. I. 1391.