Bubject.
I'ngo.
Serial
From or to whom.
No.
Despatch No, &c.
Date.
xix
Subject.
Page
172
Crown Agents
173
The Governor
1906.
1908.
November 15 Reports shipments of $1 notes, and anticipated output, provided the print- ing of the $5 notes is allowed to be suspended; enquires how long the completion of the latter may be deferred.
123
180
To Treasury
November 27
181
The Governor
422
November 14 (Reo. Deo. 8.)
123
182
Ditto
Confi. November 15 dential. (Rec. Dec. 8.)
Telegram (Rec. Nov. 21) Reports that the Manager of the Hong 123
Kong and Shanghai Bank at Manila states that American experts recom- mend a weight of 370 grains and fineness of 700 for the new peso, and that a higher level for silver may be looked for in future.
174
Treasury
November 21
-
Concurs in the reluctance of the Secretary of State to recommend the reduction of the weight of the dollar, but suggests that, as local opinion cannot lightly be disregarded, the Governor should be asked whether the possibility of objection to a dollar reduced in weight by one-fourth has been fully con- sidered.
November 22 Approves of their postponing the manu- facture of $5 notes in favour of $1 notes until they receive instructions to the contrary from the Governor. Telegram November 22 Observes, in reply to Nos. 166 and 168, that the Secretary of State and Treasury are prepared to defer to local opinion, provided he is satisfied that there will be no serious difficulty in native acceptance of dollars reduced in weight; Treasury point out that if weight of dollar is reduced, present fineness raight safely be retained, and this would facilitate production.
125
175
To Crown Agent.
176
To the Governor ...
183
Treasury
...
I
December 8
125
184
To the Governor ... Confi-
December 13
dential.
177
The Governor
Telegram (Rec. Nov. 23)| Agrees with the Treasury proposals;
125
asks that arrangements may be made as to subsidiary coins, and reports issue of Proclamation making sove- reign and half-dollar unlimited legal tender.
178
House of Commons
November 26 Mr. Runciman, in reply to a question 125
by Sir Edward Sassoon, said that an Order in Council had been passed providing for the reduction in fine- news of the Straits dollar from '900 to -800, that the question of the weight and fineness of the coin was still under consideration, and that dollar notes will be paid either in gold or with dollars worth 28. 4d.
179
To the Governor
Confi- dential.
November 27
Transmita copies of Nos. 169, 174, and 180: fears that the estimate of the time required for re-coinage given in No. 165 was too sanguine; the rever- sion to 800 fineness may, however, enable the Royal Mint to give greater samistance and decrease the cost of the operations.
185
To Treasury
1
Asks that an Order in Council providing for the reduction of weight and the retention of the present fineness may be drafted; suggests method of deal- ing with subsidiary coins, and asks that the Royal Mint may be informed of the changes and instructed to un- dertake the re-coinage operations.
Submits Ordinance XXVI of 1906, en- titled "An Ordinance further to amend The Currency Note Ordi- nance, 1899,''
"with Attorney-Gen.
eral's Report thereon.
126
127
Recommend! reduction in the intrinsic 128
value of the dollar.
States that a draft Order in Council is
being prepared in accordance with No. 180 so far as regards the dollar and half-dollar; the Master of the Mint takes exception to the reduction of weight of the subsidiary coins, and It is proposed merely to reserve power to make the reduction if neces-. mary.
130
Transmite copy of No. 183 and gist of 180
reply thereto; states position as re gards shipment of the new dollars; considers it unnecessary to alter the wording, and undesirable to specify the sterling value, on the coin.,
December 14 Agrees to the action proposed in No. 181
183 with regard to subsidiary coins, and suggests that provision should be made for replacing the silver 5-cent piece by one of oopper or mixed metal.
186
To the Governor
329
December 20
187
The Governor
Confi- November 29 dential. (Rec, Dec. 82.)
188
Ditto
Sanctions Ordinance No. XXV1 of 1906 | 131
Calls attention to the question of the metallic reserve to be held against the note issue, and submits proposals.
132
Telegram (Rec. Dec. 31.) States that $850,000 subsidiary coinage 133
could be shipped immediately and enquires whether it could be re-coined without delaying the re-coinage of the dollar.
1907.
189
To the Governor
Telegram
January 2
126
190
Treasury
---
January 8
Instructs him, in reply to No. 188, 183
to await receipt of No. 184.
Transmite draft Order in Connoll; ex- 133
presses opinion, with reference to No. 185, that the provisions of the Coinage Order of 1895 are sufficient to enable the 5-cent piece to be coined of copper or mixed metal if necessary,
81104
PUBLIC RECORD OFFICE
.........imim
Reference :-
CO. 882
9 PUBLIC RECORD OFFICE, LONDON
ALLY WITHOUT PERMISSION OF THE BE REPRODUCED PHOTOGRAPHIC- COPYRIGHT PHOTOGRAPH-NOT TO
Bertal No
From or to whom.
Despatch No., kc.
Date.
XX