Board are informed that on the Company's receipts of $88,237 the similar loss has amounted to $3,488, or nearly 4%, which confirms the information as to the further depreciation which is taking place in the coinage.
In view of the importance of the subject to the trading community and the desirability of such a state of affairs no longer prevailing in a British Colony, the Board beg to reiterate their hope that your Lordship will be able to initiate such measures as will dispose of the difficulty.
I have the honour to remain,
Your Lordship's obedient humble Servant,
Lewis Meredith
Secretary.
The Rt. Hon. The Earl of Elgin, K.G., G.C.I.E., G.C.S.I.,
One of His Majesty's Principal Secretaries of State,
Colonial Office,
Whitehall,
S.W.