29
88
of Ordinance I of 1906, entitled An Ordinance further to amend 'The Currency Note Ordinance 1899,'" passed on the 29th ultimo, and my telegram* of the latter date informing Your Lordship of the issue of an Order in Council under Section 78 of "The Currency Note Ordinance 1899," as amended by Ordinance I of 1906, authorising the Currency Commissioners in Singapore to issue notes in exchange for gold received by them at Singapore at the rate of sixty dollars for seven pounds sterling, I have the honour to report that letters have been received from the Managers of certain of the banks in Penang enquiring whether this Government proposes to offer the same facilities in Penang.
2. Under Section 3 (1) and (2) of "The Currency Note Ordinance 1899" the Board of Commissioners comprises two officers of Government who are stationed in Singapore and one other person specially nominated and [? who] shall have an office in Singapore.
3. There appears, however, to be some reason in the contention that the banks in Penang should enjoy the same facilities for exchanging gold against notes as those in Singapore, and I would therefore submit the question for Your Lordship's favourable consideration.
8521
No. 121.
THE SECRETARY OF STATE to THE ACTING GOVERNOR. [Copy to Treasury, 27th March, 1906. L.F.]
(No. 80.)
SIR,
Downing Street, 23rd March, 1906. I HAVE the honour to acknowledge the receipt of Sir J. Anderson's despatch, No. 47, of the 15th ultimo,* regarding the facilities desired by the banks in Penang for tendering gold there.
There appears to be no necessity for the issue of notes at Penang, but I see no objection to the Government making such arrangements as they think fit for exchanging notes or silver against sovereigns, charging (if you see fit) for the exchange an amount which will suffice to cover the cost of transporting the gold to Singapore. The gold would then be sent to Singapore and notes obtained from the Commissioners in exchange.
I have, &c.,
ELGIN.
8204
GENTLEMEN,
No. 119.
I have, &c.,
JOHN ANDERSON.
COLONIAL OFFICE to CROWN AGENTS.
Downing Street, 14th March, 1906. I AM directed by the Earl of Elgin to acknowledge the receipt of your letter of the 8th instant,† with regard to the purchase of gold, and the shipment of it to Singapore, and to inform you that he approves your complying with the request of the Government of the Straits Settlements.
11203
No. 122.
THE ACTING GOVERNOR to THE SECRETARY OF STATE.
(No. 76.)
(Received 31st March, 1906.)
[Copy of Ordinance to Treasury, 16th April, 1906. L.F.] [Ordinance sanctioned, 16th April, 1906. No. 76. L.F.]
MY LORD,
Government House, Singapore, 5th March, 1906. WITH reference to Mr. A. Lyttelton's despatch, No. 124, of the 18th May, 1905,† I have the honour to forward Ordinance No. V. of 1906, entitled "An Ordin- ance further to amend 'The Currency Note Ordinance 1999.""
2. I also enclose a copy of the Acting Attorney-General's report on the Ordinance.
I am, &c.,
C. P. LUCAS.
I have, &c.,
W. T. TAYLOR.
PUBLIC RECORD OFFICE
Reference -
C.O. 882
6
ALLY WITHOUT PERMISSION OF THE BE REPRODUCED PHOTOGRAPHIC- COPYRIGHT PHOTOGRAPH---NOT TO
| PUBLIC RECORD OFFICE, LONDON
6608
SIR,
No. 120.
COLONIAL OFFICE to TREASURY.
[Answered by No. 123.]
Downing Street, 21st March, 1906. WITH reference to the letter from this office of the 17th ultimo,‡ and to previous correspondence on the subject of currency in the Straits Settlements, I am directed by the Earl of Elgin to transmit to you, to be laid before the Lords Commissioners of the Treasury, a copy of a despatch§ from the Governor with regard to the measures to be taken to prevent the dollar from falling below the fixed value of 2s. 4d., together with the draft of the reply|| which, with their Lordships" concurrence, Lord Elgin proposes to return to it.
I am also to enclose copy of the Currency Note Amendment Ordinance¶ recently passed in the Colony.
I am, &c.,
C. P. LUCAS.
Enclosure 1 in No. 122. ORDINANCE No. V of 1906.
AN ORDINANCE further to amend "The Currency Note Ordinance 1899."
(L.8.)
JOHN ANDERSON,
Governor and Commander-in-Chief.
[16th February, 1906.]
It is hereby enacted by the Governor of the Straits Settlements with the advice and consent of the Legislative Council thereof as follows:-
14
Short title.
of 1908.
1. This Ordinance may be cited as "The Currency Note Ordinance 1899 Ord. iv. of Amendment Ordinance 1906 No. II." It shall be read and construed as one with 1899. The Currency Note Ordinance 1899" (hereinafter called "the principal Ordin- Ord ance)." Any copy of the principal Ordinance printed after the commencement of Ord. Iv. this Ordinance may be printed with the amendments and additions made by this of 1904. Ordinance.
Ord, ill.
of 1905.
Ord. l. of 1906.
2. Paragraphs (b) and (c) of Sub-section 4 of Section 8 of the principal Ameand- Ordinance are hereby repealed and the following paragraph is inserted in place ment of
thereof :---
Bection 8 of the
(b) Subject to the provisions of Section 9 and Section 10 hereof in the pay- principal
Ordinance. ment of the net balance after the payment of the said expenses to a Depreciation Fund.
• No. 118.
• No. 110,
No. 117.
No. 115.
See No. 128.
L.F. transmitting oopy of No. 114. Enclosure 1 in No. 116.
01106
↑ L.F. transmitting copy of No. 83.