as well not to all Cherie what it is as
proposed to to with Itk. sabidean, comis,
JRD
242.
Te. cú
Hongkong.
My Lord,
C O 27045
13P 10,
510
Government House,
Hongkong, 29th. July, 1910.
Mr. Fiddes
I believe the Chinese Cort. are acting in
this matter under American advice. They could not have
elaborated the scheme themselves. If the Americans
control it the scheme will no doubt be worked out
with efficiency and fairness, and I don't think
H.M.G. need tender advice on elementary principles.
But we must try to come to some arrangement in the
matter of our H.K. coins now circulating in China.
I submit draft to Treas. F.0 should have
copy of corresp.
AEC
919
I have the honour to forward for
Your Lordship's information the enclosed copy, furnished
to me by the courtesy of Mr. Max Müller, of a despatch
addressed by him to the Becretary of State for Foreign
Affairs giving cover to a translation of a Decree, and of
Regulations to give effect to it, establishing in China a
currency on the basis of a Silver Dollar.
2.
This innovation if carried out by
a strong hand guided by expert financial advice would, I
need scarcely point out, be a great boon to trade and
commerce generally throughout China and would therefore
result in advantage to the trade of the Colony which is at
present considerably hampered by the chaotic state of the
currency in the neighbouring provinces.
But if the operation proposed
under the Decree is handled in a thoughtless and ignorant
THE RIGHT HONOURABLE
THE EARL OF CREWE,
80...
&C.
manner