iii
Pruth or to whom.
No
Despatch No., &c.
Dato.
Take.
Subject.
11
To Crown Agents...
1909.
Angust 14
Transmite copy of No 11
8
Salgeet.
Page.
15
* Crown Agents
August 20
States that the present price of silver is only 23,,d, per oz., and that no par- ticular change in the value can be anticipated at present.
א
October 8
*
TABLE OF
OF CONTENTS.
Rorial No.
Despatch
Date.
From or to whom,
Nu.. &c.
PUBLIC RECORD OFFICE
Reference :-
TILLLC.O. 882
1
To Treasury
1909.
April &
Transmits copies of despatches from the Governor and asks for the observa- tions of the 'Treasury on the Ordinance amending the Currency Note Ordi- nance, 1899.
1
Ditto
1
1
17
Ditto
October 15
2
The
ernor.
Acting Gor. Telegram (Rec. May 1) States that the number of dollars to be
sold will not exceed thirteen millions, and requests that the Crown Agente may be instructed to sell at their dis- cretion, but at a minimum of 25jd.
3
Crown Agenta
May 10
| States that they have been informed by the Straits Settlements Government that it is not proposed to send any more old dollars to be recoined.
2
4
To Crown Agents.......
May 10
Transmite copy of No. 2 and approves action upon the request contained therein.
To Crown Agents.....
October 19
2
Crown Agents
May 12
Acknowledges the receipt of No. 4; presumes that the price quoted by the Government is intended to expenses.
2
cover
10
To the Governor
Confi- dential.
October 20
G
To the Governor
Telegram
May 15
Enquires whether the price quoted in
No. 2 is the net price.
3
I
20
Crown Agents
7
The Governor
Telegram
(Rec. May 17) States that prices quoted include ex-
penses.
3
I
8
To Crown Agents...
May 18
States that the price at which they have been requested to sell old Straits dollars includes the expenses of bringing home and disposing of the coins.
3
21
9
The Governor
Confi- dential.
May G (Rec. May 29.)
Reports the steps taken for the collection of old dollars and the tixing of the minimum selling price.
3
22
'To Treasury
November 12
10
Treasury
July 28
on
5
11
The Governor
Confi. dential.
July 15 (Rec. Aug. 9.)
the draft Submite observationg
Ordinance to amend "The Currency Note Ordinance, 1899."
Points out that since No. 9 was written the price of silver has dropped and that there appears for the present little chance of its reaching 251d.; proposes that the Crown Agents be instructed to sell four millions of dollars at a price not less than 24d. including expenses.
6
Ditto
October 29
November 4
23 Treasury
November 15
12
To the Governor
193
August 12
Transmits copy of No. 10; sanctions Ordinance No. XXVII of 1908 subject to amendments indicated.
7
13
Ditto
Conf. dential.
August 13
Ntates that a copy of No. 11 has been forwarded to the Crown Agents for their information and guidance.
7
(21905-8) W1, 14959-G 184. 20. 8/11. Daa
ernor
a
Embodies a telegram from the Gov- reporting remittance of £70,000; states that the money has been used to reduce the advances from loan funds, and asks to be in- formed of the actual position of the matter.
Enclosescopy of a letter from their bullion brokers on the subject of the position of the silver market, and suggests that, as there would not appear to be any prospect of selling at the price autho- rised in No. 11, the Colonial Govern- ment might consider the desirability of further reducing the price. Observes, in reply to No. 16, that Lord Crewe is unable to state the actual position of the matter but is sending the correspondence to the Governor; encloses copies of Nos. 1, 10, and 12.
Transmits copy of No. 17 and requests to be informed by telegraph whether it is desired to reduce the selling price of the dollars.
Transmits copy of a further letter from their bullion brokers regarding the position of the silver market. Requests approval of the manner in which it is proposed to dispose of certain remittances made by the Colonial Government as deposits on account of security against note issue. Transmite copies of Nos. 16, 18, and 21; gathers that no objection will be taken to the gold received by the Crown Agente being lent out at call, but suggests that it will be necessary to amend section 11 of Ordinance XXVII of 1908 before this course can legally be taken proposes so to instruct the Governor and to add that the amend- ing Ordinance should provide that the interest on the gold lent out at call be paid to the Gold Standard Reserve Fund.
Discusses the manner in which the gold received by the Crown Agents against Government Notes issued at Singapore should be dealt with; states that there is no objection to power being taken for the Crown Agents to invest or lend out at call one-half of such moneys for the time being in their hands, the other half being held in gold.
9
9
10
10
11
12
13
6
PUBLIC RECORD OFFICE, LONDON!
ALLY WITHOUT PERMISSION OF THE BE REPRODUCED PHOTOGRAPHIC- COPYRIGHT PHOTOGRAPH-NOT TO
Serial Na
tuttuwboun
Desta:ch Ste
1
iv.
Subject.