the reply to this Letter the following
Number should be quoted.
16893
10.
C O
39040
Ec?
580
Rrof 22 FC 10
21st
جمہ
TREASURY CHAMBERS,
- December 1910
Sir,
The Lords Commissioners of His Majesty's Treasury have given Their careful consideration to the questions arising out of the condition of the subsidiary coinage of Hong Kong, which were brought to Their notice by Mr. Cox's 5116/1910. letter of the 8th April and to the further representations
on this subject made in Mr. Fiddes' letter of the 13th September last (24045/1910), together with the various documents which accompanied these letters, and They now direct me to request you to submit to Mr. Secretary Harcourt the following reply.
My Lords recognize, with the Secretary of State, that the situation as described in the despatches from the Officer administering the Government of the Colony written earlier in the year, has been considerably changed by the
promulgation by the Chinese Government of the Scheme of
currency reform for the whole Empire set forth in the
Decree of 24th May last and the explanatory Memorandum.
Before the promulgation of that decree the
difficulty facing the Government of Hong Kong was caused by
the issue since the beginning of the year 1906 from the
provincial Mint of Canton of vast quantities of subsidiary coin which fell to a heavy discount, and caused the Hong
Kong coins to fall to a discount almost equally marked
The Under Secretary of State,
both
Colonial Office.