NFIDENTIA L.
Hongkong.
99 A
/C O
5116
acce
My Lord,
Rec 19 FEB 10,
Government House,
Hongkong, 20th January,1910.
I have the honour to acknowledge
3427259
receipt of your Confidential Despatch of October 22nd.,
1909, enclosing correspondence with the Right Honourable
?
Sir C. C. Smith, and directing me to submit a report on
the present position in regard to Subsidiary Coinage in
this Colony.
2.
It may be of use to recall to
Your Lordship's memory the origin and nature of the
problem which has arisen in Hongkong in reference to the
Subsidiary Silver Coinage, before reviewing the present
position, and submitting as I propose to do, certain
recommendations in the matter. For 23 years prior to 1906
there had been a large import into Hongkong of Subsidiary
Coins (I deal in this Despatch with Silver only) from which
a considerable profit accrued aggregating in the 10 years
prior to 1906 to the sum of $1,324,970. This profit was'
absorbed
RIGHT HONOURABLE
THE EARL OF CREWE, >
800 + *
&C...
&C + 1