CO129-466 - Individuals - 1920 — Page 11

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed
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OF OURRALLY

9

IN INLO CHIN.....

On the invitation of the Banque de l'Indo Chine,

(in company with Mr. F.P. Cochrane of The Chartered Bank) attended at the office of the Banque de l'Indo Chine, Paris,

on the 2nd February 1920 when Mr. R.T. de la Chaume, the Manager,

in the presence of Mr. Bourcier St. Chaffray, Secretary to the Governor General of Indo China informed me of the proposals in regard to the currency position in Indo China which the French Colonial Government would probably put into operation during the month of February or early in March.

Silver piastres are rapidly disappearing from circulation and it is proposed to declare the notes of the

Banque de l'Indo Chine inconvertible.

The Banque de l'Indo Chine will be authorised to issue

notes against payment in Paris in francs at a rate of exchange between piastres and francs to be fixed from time to time by the government of Indo China; the initial rate to approximate to that prevailing immediately previous to the day of fixing.

It is hoped that the initial rate of exchange will be

a maximum, but if conditions (e.g., a big rise in the price of

silver, or further heavy depreciation of the franc were

mentioned as possible contingencies) make it necessary, the Government will raise the rate of exchange for the sale of notes.

The desire is, however, to lower the rate gradually until a level

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2026-06-26 14:09:46 · NVIDIA / meta/llama-4-maverick-17b-128e-instruct
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OF OURRALLY9IN INLO CHIN.....On the invitation of the Banque de l'Indo Chine,(in company with Mr. F.P. Cochrane of The Chartered Bank) attended at the office of the Banque de l'Indo Chine, Paris,on the 2nd February 1920 when Mr. R.T. de la Chaume, the Manager,in the presence of Mr. Bourcier St. Chaffray, Secretary to the Governor General of Indo China informed me of the proposals in regard to the currency position in Indo China which the French Colonial Government would probably put into operation during the month of February or early in March.Silver piastres are rapidly disappearing from circulation and it is proposed to declare the notes of theBanque de l'Indo Chine inconvertible.The Banque de l'Indo Chine will be authorised to issuenotes against payment in Paris in francs at a rate of exchange between piastres and francs to be fixed from time to time by the government of Indo China; the initial rate to approximate to that prevailing immediately previous to the day of fixing.It is hoped that the initial rate of exchange will bea maximum, but if conditions (e.g., a big rise in the price ofsilver, or further heavy depreciation of the franc werementioned as possible contingencies) make it necessary, the Government will raise the rate of exchange for the sale of notes.The desire is, however, to lower the rate gradually until a level
Baseline (Original)
OF OURRALCY9IN INLO CHIN.....On the invitation of the Banque de l'Indo Chine,(in company with Mr. F.P.Cochrane of The Chartered Bank) attended at the office of the Banque de l'Indo China, Paris,on the 2nd February 1920 when Mr. R.T. de la Chaume, the Manager,in the presence of ir. Bourcier st.Chaffray, Secretary to the Governor General of Indo China informed me of the proposals in regard to the currency position in Indo China which the French Colonial Government would probably put into operation during the month of February or early in March.Silver pisstres are rapidly disappearing from circulation and it is proposed to declare the notes of theBanque de l'Indo Chine inconvertible.The Banque de l'Indo Chine will be authorised to issuenotes against payamt in Paris in franes at a rate of exchange between piastres and franes to be fixed from time to time by the goverment of Indo China; the initial rate to approximate to that prevailing imediately previous to the day of fixing.It is hoped that the initial rate of exchange will bea maximam, but if conditions (e.g. a big rise in the price ofsilver, or further heavy depreciation of the frane werementioned as possible contingencies) mke it necessary, the Government will raise the rate of exchange for the sale of notes.The desire is, however, to lower the rate gradually until a level
2026-06-26 14:09:46 · Baseline
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OF OURRALCY

9

IN INLO CHIN.....

On the invitation of the Banque de l'Indo Chine,

(in company with Mr. F.P.Cochrane of The Chartered Bank) attended at the office of the Banque de l'Indo China, Paris,

on the 2nd February 1920 when Mr. R.T. de la Chaume, the Manager,

in the presence of ir. Bourcier st.Chaffray, Secretary to the Governor General of Indo China informed me of the proposals in regard to the currency position in Indo China which the French Colonial Government would probably put into operation during the month of February or early in March.

Silver pisstres are rapidly disappearing from circulation and it is proposed to declare the notes of the

Banque de l'Indo Chine inconvertible.

The Banque de l'Indo Chine will be authorised to issue

notes against payamt in Paris in franes at a rate of exchange between piastres and franes to be fixed from time to time by the goverment of Indo China; the initial rate to approximate to that prevailing imediately previous to the day of fixing.

It is hoped that the initial rate of exchange will be

a maximam, but if conditions (e.g. a big rise in the price of

silver, or further heavy depreciation of the frane were

mentioned as possible contingencies) mke it necessary, the Government will raise the rate of exchange for the sale of notes.

The desire is, however, to lower the rate gradually until a level

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