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Minute by the Colonial Treasurer.
(Enclosure to '@'.)
603
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Hon. Colonial Secretary,
1.
My proposals are simply that:-
Government should issue notes in exchange for
currency at par, and undertake to exchange currency for notes
on presentation.
2. That one half at least of the amount deposited
be kept in the Colony and that one half be sold and invested in
gold securities at home.
3. That some time be allowed to elapse before
investing up to the ultimate full proportion in order that such
proportion may be ascertained by experience.
4. That minor details be settled when the Secretary
of State has approved the principle.
.notamo3 to rodma.10
18th. May, 1909.
(Sd.) A. M. Thorison,
Treasurer.