101
PUBLIC RECORD OFFICE
Reference :-
TILICO. 882
ALLY WITHOUT PERMISSION OF THE BE REPRODUCED PHOTOGRAPHIC- COPYRIGHT PHOTOGRAPH—NOT TO
PUBLIC RECORD OFFICE, LONDON
Now, therefore, by virtue of the provisions of the said section it is hereby ordered by the Officer Administering the Government in Council with the approval of the Secretary of State that the importation into the Colony of the coins men- tioned in the Schedule A hereto shall be prohibited with effect from the date of the publication of this Order in the "Government Gazette."
And whereas it is provided by Section 3, Sub-section 4 of " The Coin Import and Export Ordinance, 1903" that it shall be lawful for the Governor in Council by Order to exempt any country or state from the operation of any Order prohibiting the import into or export from the Colony of such coin as are in such Order specified: Now, therefore, it is further ordered by the Officer Administering the Govern ment in Council that the countries and states specified in the Schedule B hereto shall be exempted from the operation of this Order.
SCHEDULE A.
The coin known as the British trade dollar.
|
Mexican dollar.
Japanese dollar or yen. Philippine peso.
The 50-cent piece, 20 cent piece, 10-cent piece, and 5-cent piece issued by the Government of Hong Kong, and all other silver coins, if any, issued by the said Government to represent aliquot parts of a dollar, and all copper coins issued by
the said Government.
All silver coins issued by the Government of Japan to represent any fraction
of a yen.
All subsidiary silver coin issued by the Ciovernment of the Philippine Islands. All silver coins whatsoever issued by any mint in China. The one-cent piece, 4-cent piece, and cent piece, and all other copper bronze (or nickel] coins, if any, issued by the Governments of
SCHEDULE B.
British North Borneo. Sarawak.
Brunei.
The States of Perak, Selangor, Negri Sembilan, and Pahang otherwise known as the Federated Malay States.
The State and Territory of Johore
II.
Whereas it is provided by Section 3, Sub-section 2 of "The Coin Import and Export Ordinance, 1903," that, subject to the approval of the Secretary of State, it shall be lawful for the Governor in Council by Order to prohibit the exporta- tion from the Colony of such coins being legal tender within the Colony as are in such Order specified:
And whereas the coin specified in the Schedule hereto is legal tender within the Colony, and it is expedient that the exportation of the said coin from the Colony shall be prohibited:
Now, therefore, it is ordered by the Officer Administering the Government in Council, with the approval of the Secretary of State, that the exportation of the said coin from the Colony to places outside the Malay Peninsula, Netherlands, Indies and Borneo, shall be prohibited with effect from the date of the publication in the " Government Gazette" of this Order.
SCHEDULE.
The Coin known as the Straits Settlements Dollar.
III.
Whereas it is provided by Section 3, Sub-section 3 of "The Coin Import and Export Ordinance, 1903," that it shall be lawful for the Governor in Council by Order to prohibit the circulation in the Colony of such foreign coins not being legal tender within the Colony as are in such Order specified :
And whereas the coins specified in the Schedule hereto are foreign coins nen legal tender within the Colony and it is expedient that the circulation of the said coins within the Colony shall be prohibited:
Now, therefore, it is ordered by the Officer Administering the Government in Council that the circulation of the said coins within the Colony shall be prohibited
with effect from the date of publication in the " Order.
SCHEDULE.
Government Gazette of this
17
The one-cent piece, -cent piece, and cent piece issued by the Government of Sarawak, and all other copper or bronze coins, if any, issued by the said Government to represent aliquot parts of a dollar.
21602
(No. 151.)
SIR,
No. 136.
THE SECRETARY OF STATE to THE GOVERNOR. [Copy to Treasury, 6th July, 1906. L.F.] [-Inswered by 30482/07; not printed.]
Downing Street, 4th July, 1906. I HAVE the honour to acknowledge the receipt of Sir W. Taylor'e despatch, No. 185, of the 24th of May,* and to inform you that I approve generally the pro- posals contained therein with regard to foreign coins, including the additions to Schedule A in the Draft Order for prohibiting the importation of certain coins.
As regards the proposal to prohibit the circulation of British North Borneo copper coins, I consider that, in order to avoid hardship, the Government should, before taking this step, proceed on the lines indicated in the concluding paragraphs of Viscount Knutsford's despatch, No. 106, of the 9th of April, 1891. I observe from Sir W. Taylor's despatch, No. 8, of the 18th of January, 1904, that this course was taken in the case of Sarawak coins before their circulation was pro- hibited. I gather from Sir W. Taylor's estimate of the proportion of North Borneo coins to the total copper circulation, that the amount is very considerable though I have no information as to the actual total amount of the copper circulation--but I think that in the interest of the community the Government is bound to under- take the exchange, especially after the circulation of North Borneo coins has been acquiesced in for so long.
You will no doubt arrange with the Company to take back their copper coins on the best terms possible. Sir W. Taylor does not state whether the total copper circulation in the Colony is now redundant. If there is no redundancy the profits arising from the issue of Straits copper coins in place of those withdrawn will, I presume, cover most, if not all, of the loss involved by the transaction.
21335
No. 137.
I have, &c.,
ELGIN.
THE SECRETARY OF STATE to THE GOVERNOR. [Copy to Treasury, 10th July, 1906. L.F.]
[Answered by No. 146.]
(Confidential.)
SIR,
Downing Street, 6th July, 1906. I HAVE the honour to acknowledge the receipt of Sir W. Taylor's confidential despatch of the 10th May and your telegram of the 15th ultimo,§ regarding the currency question.
Your telegram appears to propose special measures for dealing with that part of the Currency Note Reserve now held in gold. I consider, however, that the Currency Note Reserve should be dealt with as a whole. The question that calls for your consideration is how much of the reserve should be held in silver dollars and how much in gold. Then, if the silver reserve falls below what you fix as the minimum, silver must be bought and more dollars coined. If, on the other hand, the
No. 129 and 134.
• No. 133.
↑ 5489 not printed.
↑ No. 59.