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replace the excluded Chinese coins. It has in fact been deemed
advisable to retain as a reserve Copper Coins to the face value
of 881,737 now lying in the Bank in case the influx of Hong-
-kong Coins from China should prove insufficient to meet the
requirements of the Colony.
3.
I trust that the course proposed will
meet with your approval, for I am of opinion that the experi-
-ment will not only result in a rehabilitation of the Copper
currency of the Colony at little or no expense but it will also
afford a valuable object lesson and useful experience in case
it should later be decided to extend the prohibition to Silver
Subsidiary Coins.
I have the honour to be,
Sir,
Your most obedient,
humble servant,
Manganes
Governor,&c..