159
(2.)
CROWN AGENTS to COLONIAL SECRETARY, Straits Settlements.
TELEGRAM.
6th June, 1907. Brokers quote d. per ounce for dollars; d. per onnoe for subsidiary coins maximum rates. Perhaps better obtainable. Do not ship without previous communication with us.
(8.)
COLONIAL SECRETARY, Straits Settlements, to CROWN Agents.
TELEGRAM.
24th June, 1907. Propose to send 1,000,000 dollars face value subsidiary coins for sale by you; amount realised by sale, bringing Colonial Government not less than thirty-one pence per ounce silver. Telegraph when I (we) may send.
(4.)
CROWN AGENTS to COLONIAL SECRETARY, Straits Settlements.
TELEGRAM.
28th June, 1907. Referring to your telegram of 24th June, cannot obtain thirty-one pence nett for silver after allowing for freight and insurance and charges here estimated at one farthing per ounce in addition to refining. Are advised that better price probably obtainable in the autumn.
SIB,
CROWN AGENTS to COLONIAL OFFICE. (Received 7th August, 1907.)
Whitehall Gardens, London, S.W., 6th August, 1907.
I HAVE the honour to enclose, for the information of the Secretary of State,
a copy of a correspondence we have had with the Government of the Straits Settle ments with regard to the sale of dollars and subsidiary silver coin.
Enclosure in No. 220. (1.)
I have, &c.,
E. E. BLAKE.
(5.)
COLONIAL SECRETARY, Straits Settlements, to CROWN AGENTS. (Confidential.)
GENTLEMEN,
18th June, 1907.
I HAVE the honour to inform you that this Government has $1,000,000 face value of the following silver coins to dispose of :-
20-cent pieces standard weight
10 5
13
12
"
H
J
J
83.81 grains. 41.90
19
20.95 D
COLONIAL SECRETARY, Straits, to CROWN AGENTS.
(Treasury 2939/07.)
GENTLEMEN,
Colonial Secretary's Office,
Singapore, 6th May, 1907.
I HAVE the honour to request that you will kindly ascertain from Messrs. Pixley and Abell, the bullion brokers, the cost of melting down and refining to standard silver point our Straits dollars and subsidiary coin. The former is 900 fineness and the latter 800. The Colonial Treasurer is informed by the banks that for the dollar the cost will be per cent.
I have, &o.,
ARTHUR YOUNG, Colonial Secretary, Straits Settlements.
the millesimal fineness of the above coins is 800.
2. Also this Government has $3,000,000 face value of the old silver Straits dollar which are not required for re-minting, and will have, when the new dollar has been received and issued, a further $7,000,000.
this coin is 900, and the standard weight 416 grains.
The millesimal fineness of
3. The Government considers that it would be of advantage to sell these coins as silver, and propose, if you concur, that you should sell from time to time and
in such quantities as you consider advisable, but at a rate which would give this Government not less than 31 pence for an ounce of silver, the Government to pay the cost of transport and of melting and refining.
4. On this Government receiving a telegram from you that you had sold so many ounces of silver, we would ship by the first opportunity silver coins repre- senting that amount, and send instructions as to the disposal of the amount received by you for them; the first lot to be shipped will be the surplus subsidiary coins.
I have, &c.,
ARTHUR YOUNG, Colonial Secretary, Straits Settlements.
• No. 209.
↑ No 817.
Nos. 216, 217 and 218.
| PUBLIC RECORD OFFICE
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Reference:--
ICO. 882
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PUBLIC RECORD OFFICE, LONDONÉ
ALLY WITHOUT PERMISSION OF THE BE REPRODUCED PHOTOGRAPHIC- COPYRIGHT PHOTOGRAPH-NOT TO