487
C
which I have suggested in my last paragraph, I anticipate that
the loss to the Colony and the dislocation of trade would be
reduced to a minimum,
A
the more so that I have always had
considerable doubt whether the "vast quantities of Hongkong
Subsidiary silver/coins supposed to exist in China, are in fact existent,
or that any very impossibly large quantity would come suddenly
into the Colony. I submit that my suggestions will cause a much
lesser dislocation of trade and loss to Revenue than the alter-
-native proposal of the Lords Comissioners of the Treasury to
do nothing and allow the coins to fall to such a discount that
they will reach or fall below bullion value.
I have the honour to be,
Sir,
Your most obedient,
humble servant,
an
Governor,&c..