131
birow a noitsiva^lo ni nismen tetraup a vino II .noitaisomło
-Janw #tened on savitub :olo3 erit sildwoaem bna #YBBY SI eat
ynoloð eda darid beteta al dI .entibneque graad atrit mort TerÉ--
aide mi Sía,saak to muɛ a Biser, obidt tasi ont antrub taeque Eati
Islonantt emrixe to said a ta mide bue ‚a Lawstisit Iw to easDoTI
tremt aft) .tinsen eldaiset, & quæ duorldte bre ̧ytinointiB
eu? .etawaos vidoista doa Tovornd el mergit saadý ne besad
betsrutne sia anto” Trekkinďok to Jnerarisvoð vel aðgtede farna
el truong dart to mitwaltenomah to taco 925 hrs 000,0088 3*
akıf (atser & jaan erit to 6gsteva ent) *08,*81$ son bns 000.art
sgral to meltasi±ânomnă add to timer eff? sav exmit Tertai
#toteterit ma ↑ (.banezt røven brs braI- Kon? hersbro #doodɑ
*
aï .efidut gated on ‚voilog akda to consumitnes art of besogge
beooxe Teven hivode noiisxijemomab no šnaqa tra/oma oɗð mano EKB
erd "d bevo" qa sa eɛogrug erit vot asðsmite¤ end at stor erit
I think I may claim for it that it neither commits the Colony
to an unknown liability, nor to an immediate outlay of any
large amount, and that it does not interfere with the policy of
giving China time to reform, and of adapting our course of
action to the reforms when they come.
(a).
The objects I have in view are two!-
Rehabilitation with a view to creating two
measures of value, the one in legal tender and the other in
Chinese coins, with a large discrepancy between them.
(b).
A discrimination against the Chinese coins,
which will tend to discredit them in the Hongkong Market, and
cause them to sink to a lower discount, while legal tender is
maintained at par thus increasing the disparity of value.
I.
Rehabilitation.
Ovidoviteeb vísung = et ammet "atogoro↑
.Elomon evitsisin ex
erosion a 3indue I adqstyeteq yrkwolfo? edt at bum,malokširo
I ansation sit no beneď ni 11 - Eilandyžno da miało I dotdw not
ed of mialo VIIsoltamgoh ton ob I fold bns - bestoltimo ereď
nentämos ti saa man I ma wat on darīt 3Immisra vietam I „fand erið
Bidzoltsaný a od VTOBkt seonbet bas daze ni motsðast szeď add
.molaavoalb tot amazing viɗissot a shrotts bna,Holtas to sewoo
I
- say
I propose to confidentially ascertain from
the three or four largest holders of Hongkong Subsidiary Coins,
(Very possibly it would be best to deal with one only
the Hongkong and Shanghai Bank.) the quantity they would be
prepared to sell to me on a given date, say six months hence,
and at what discount. Let us assume the very outside figures
of $10,000,000 worth as the total which the combined holders
would guarantee. If the quantity were less, the operation
would by that amount be cheaper. Let us assume that the rate of
t