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from Sir P.Lugard proposing a reciprocal guarantee

on the part of the Chinese authorities and the Hong-kong Government not to issue any further subsidiary coin until the coins already in circulation reach par.

This suggestion I have communicated to the Waiwupu in a Note, copy of which is enclosed, wherein the views of the Hongkong Government are fully expressed.

I have the honour to be,

with the highest respect,

sir,

your most obedient, humble servant,

Sd/

J.N.Jordan.

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