XV
Serial
From or to whom.
No.
Despatch No., 4o.
Daba.
Subject
Page.
Subject.
Page.
PUBLIC RECORD OFFICE Aference :--
ILICO. 882
1906.
1908.
128
To the Acting Gov.
ernor.
Confi- dential.
May 31
Discusses the measures necessary to
prevent the dollar falling below a sovereign at Singapore.
94
139
To the Governor ...
Telegram
July 27
of
129
nor.
The Acting Gover- Coufi- dential.
May 10 (Rec. June 2.)
130
The Chartered Bank
June 7
of India, Austra-
lia, and China.
131
Mr. A. E. Collins to
June 11
Mr. L. Abrahams. (India Office.)
Reports on the working of the Currency Commissioners' Department since the passing of Ordinance 1 of 1906, and as to the policy to be pursued in regard to the issue of notes against gold, and the maintenance of the reserve of silver.
Describes their arrangements with the India Office with regard to the ship- ment of sovereigns from Australia to London, and asks whether similar procedure could be followed in the case of shipments to the Straits.
Transmite copy of No. 130, and asks for information regarding the Indian arrangement therein referred to; and requests information as to the arrangements made by the Indian Government whereby the silver re- serve is not allowed to sink below one-third of the note issue.
95
140
The Governor
States that if exchange goes down situation should be dealt with in accordance with No. 128, and that the Secretary of State sees no need for legislation.
102
Telegram (Rec. July 29) States, in reply to No. 139, that he is 103
advised that he cannot give gold for notes without legislation, and proposes to legislate at once.
141
To the Governor
Telegram
July 31
96
97
142
The Governor
...
Labuan, 16.
143
To Treasury
132
Mr. L. Abrahams
June 12
(India Office) to Mr. A. E. Collins.
Gives the information asked for in No. 131, and asks how it is proposed to keep silver up to a certain point in spite of an influx of gold.
91
144
Treasury
fon
133
To the
Chartered
Bank of India,
Australia, and China.
June 13
States, in reply to No. 130, that no arrange- ments will at present be made other than those indicated in No. 112.
98
145
To the Governor
***
134
The Governor
---
135
The Acting Governor
185
May 24 (Reo, June 16.)
Telegram (Rec. June 15)| Submits observations on the excessive amount of gold held by the Currency Commissioners, and trusts that an Order in Council will soon be passed making gold legal tender.
Reports that he is advised that the Ordere in Council passed under the Foreign Coin Prohibition Ordinance, 1891, are no longer valid and submits fresh drafts: calls attention to the question of prohibiting the circulation of British North Borneo copper coin.
Approves generally the Orders submitted în No. 135; and conveys iustructions for dealing with British North Borneo copper coins.
136
To the Governor
151
July 4
137
Ditto
138
The Governor
BOT
Confi. dential.
July 6
Replies to Nos. 129 and 134
July 19 (Rec. Ang. 13)
Informs him that there is no objection to legislation empowering Commis- sioners to pay gold when so requested, but no obligation to do so must be imposed on them.
103
Transmits copy of a letter from the 103
Colonial Secretary, Labuan, on the subject of the currency, and proposes that North Borneo currency should cease to be legal tender in Labuan from January 1, 1907.
September 14 Transmits copy of No. 142, and proposes to issue an Order in Council repeal- ing the Labuan Order in Connell of 1905, from the date on which the Letters Patent incorporating Labuan in the Straits Settlemente takes effect.
September 22 Approves the issue of the Order in Council proposed in No. 143, and asks that a draft may be prepared.,
107.
107
Labuan, September 28 Transmits copy of Nos. 143 and 144, 107
13.
98
146
The Governor
Confi- dential.
September 13 (Reo. Oct. 6.)
99
and states that steps are being taken to prepare the necessary Order in Council.
Reports action taken to arrest recent fall in exchange; states measures he pro- poses to take with regard to the reserve; again points out the advan- tages of declaring gold legal tender, and trusts that this may be done at the rate of 7 sovereigns for 60 dollars; and that the Government may be empowered to issue a dollar of "800 fineness.
| Telegram] (Res. Oct. 14) | Reports that intrinsic value of dollar is
now 27-52 pence.
147
Ditto
101
148
To the Governor
---
Telegram
October 16
101
| Telegram (Rec. July 27)} Requests permission to introduce Bill 102
empowering Currency Commissioners
to issue gold against notes, and to sell telegraphic transfers payable in London in exchange for notes, so that the rate of exchange may be maintained.
149
To Treasury
October 16
***
Agrees to the passing of an Ordinance empowering Commissioners to pay noter in gold or silver at their abso- Inte option; an Order in Council will be submitted empowering him to declare gold legal tender, and pro- viding for a reduction of fineness of the Birmite dollar.
Transmita copies of Nos. 146, 147, and 148, and requests that an Order in Council may be prepared accordingly,
106
110
110
110
9
PUBLIC RECORD OFFICE, LONDON
ALLY WITHOUT PERMISSION OF THE BE REPRODUCED PHOTOGRAPHIC- COPYRIGHT PHOTOGRAPH-NOT TO
1
Serial No.
Despatch
From or to whom.
Date.
No., Mo.
xvi
1900.