}
Duke
CONFIDENTIAL.
Sir,
C. O.
7755
229
RESS O SEP 12
GOVERNMENT HOUSE,
HONGKONG,
2nd. August, 1912.
With reference to the correspondence noted in
the margin, I have the honour to
enquire whether you now approve of the
course indicated in the first para-
overnor's Confidential Despatch
of 26th. June, 1911. 236 Secretary of State's telegram offe
8th. September, 1911. do. Secretary of State's Secret Des- -patch of 13th. September, 1911.
do. overnor's Secret Despatch of cth.
November, 1911.
6 4109 You
#
-graph of Sir F. Lugard's Confidential
Despatch of the 26th. of June being
adopted.
There is an accumulation of Hongkong silver
subsidiary coin to the face value of $840,438.75 at present in the
Bank awaiting either sale or demonetization.
2.
In view of the present political situation in China and of the obligation which that country is under to reform her currency I am not prepared to advise any active steps by this Government for the rehabilitation of the subsidiary coin of the Colony, although the provisional Government at Canton is aggravat- -ing the situation by issuing large quantities of small silver
coins from the Mint there.
Cor. 28606
#
3.
The paraphrase on record here of your cypher telegram of the oth. September, 1911, refew to the "views of His Majesty's Government as in letter from the Lords Commissioners of
HE RIGHT HONOURABLE
LEWIS HARCOURT, M.P.,
&c.,
&C.,
&c...
the