54
4.
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Is the premium on notes over silver detrimental
to the prosperity of the Colony?
If so, can it
Document No.VII.
5.
6.
be controlled and by what means?
Is the linking of the currency with silver
advantageous to the Colony? If so can it be more closely linked?
Is it desirable in the interests of the Colony
that the value of the dollar be stabilized? if
so can any effective steps be taken to that end?
10. I shall furnish Your Lordship with the report of
the Committee, when it is received. Meanwhile I should
be glad if the problem could be reviewed by Your Lordship
with such expert advice as may be considered necessary, and
if I could be favoured in due course with Your Lordship's
observations.
11.
Included in the print will be found tables showing
the premium on notes over silver, the exchange value of the
dollar, the price of silver and the note circulation of the
Colony for the period, October 1st, 1929 to March 10th, 1930. *.
I have the honour to be,
My Lord,
Your Lordship's most obedient, humble servant,
W.d. Southoch.
Officer Administering the Government.