15
.8 squɛolong
(Y 900)
580
lo medmeat namizno „jjekeP.A.8 .ak od seno020.6 .71 mort nejjed
„8081 „JingA .d306 end fedef ponerno0
Sucx&nch
edmedo end want od "wonen sad sved I
enico veitiedue deijing to solev end ni lik) Jasoen edð oð reiðned JE
eierd dero * no esil *ɛenised sɛone erendo fne ynegmot vids noins yo
.ylivesa Enizol ste
snd vielfivilni od eeof roni Jæge Ina .S
c) synel ja prolco end of sonetnoqri Jrejoilue to dimdue I‚ai 1933er
.ssjjimmot quoy to ocidensfjɛnoc odd doesnEK
besnido vidneos" liðnu Ins enɛsy ynem 20%
.8
-jɛdue dɛijin8;26 Jucde To Jnwoosil e de snon enido nsvlie veitiɛUE
jalid;nellol end ndis sulav to wineq e feniødnier enico nevlje varil
* de ene banico nevlis sesnino ni Istuerer E# Enjoo eggoo nɛijiTE
enico revitɛ yakifiɛdue dɛidinė „Judo 19q ↑ of S mot) taiygav muimsng
We reggoo Ine Jnucce if a jucor isJoup won 678
Fre deidine nsended ydinage it namo) sal
„ɛsonkni】 ni ennesit e ca eut inedinefnu I set enico saerino
*sde sed nico revija nodnet saj vijnsosä
งา
CJ 9oneJnogmi snom To ei deak‚ine sjøiosngel gedsact od yonet nej e 108487 sdd „Ji ddix nico neijing sda fætbeni vijoeneggs eed „Ancabuch #dilioril sin stredoeit nec sa toilait „acjdet end Jens ¿nied fentieɛa .7entid sad no? seu nedj*c) on ead „agenico 75820 sad ni
ni tridnim sad nogu vlejeifsrmi goixclick
.8
1c level end co XOLE Sosiq Laso eno dɛiding sad,enioc sggoo to nejnaC Isi er encoren sore end not,ferueer ej di „Ine„Jakonsdnuoc sesnido adi
6.
So far the Canton officials have apparently been
satisfied with a moderate difference in fineness between their coins and
the British. If their object be to drive the latter out of circulation in
their country, their action is at least intelligible and, provided, compe-
titima between the respective coins remains as at present, doubtless
matters will right themselves at no great loss to anyone but the Hongkong
Government.
7. But if rapacity be the mainspring of their policy the
question becomes serious; for unless nipped in the bud, this debasing
process will grow to large and ruinous proportions, and to the prejudice of
Hongkong's trade; Each successive official will seize the golden opportuni-
ty until hopeless confusion and loss bring matters to a crisis.
3.
at
To make matters worse, a Chinese dollar note has recent
ly appeared in the colony and is actually in circulation in Canton,
9. If your Committee consider there be cause for alarm,
doubtless they will move the Government to legislate in the matter, and now
that the Government's profit on subsidiary coins is endangered(for if there
be no demand there will be no further coinage, and consequently no further
profit) perhaps their former reason for a policy of non-interference will
no longer weigh, and there may yet be time to frustrate the evil in its
incipient stage.
10. As regards a remedy I venture to suggest that British
coins be rehabilitated and protected by making them legal tenier up to any
amount, to the exclusion of all other coins, and by Government pledging
itself to releen all its coins at par.
I have, &c.
Sd. Edward Osborne,
Secretary.
.&
Jenios nevlie to list sad of