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PUBLIC RECORD OFFICE
Reference :-
C.O. 882
6
ALLY WITHOUT PERMISSION OF THE COPYRIGHT PHOTOGRAPH-NOT TO BE REPRODUCED PHOTOGRAPHIC-
| PUBLIC RECORD OFFICE, LONDON
I trust that you wil com ur generally in the instructions I have given to the Crown Agents as to the keeping of their accounts, though no doubt there will be many pants to be dealt with hereafter
You will observe that the Crown Agents have been instructed to pay the balance let from the sale of old silver coins, after paying off the debt of the Currency Cón- I think this is the best course in the first missioners, to the gold standard reserve
Distance, since (I take it) the present batch of dollars to be sold represents part of flæ surplus dollars, although later on, as the sale of dollars proceeds, it will be Pecessary to transter practically the whole of the gold standard reserve to the note 1-sne gold reserve to cover the liability of the note issue for dollars at the rate of 241
I
It you would prefer it, this balance of the amount received for the sale of old lars can be at once paid to the note issue gold reserve, with a liability for a rresponding number of dollars at the 2s 4 rate, but it seems less convenient for Counting purposes, since there will thus be, at first, an excess holding in the total en reserve of the note issue
I shall be glad to have your observations on the method of dealing with holdings on account of the gold standard reserve, as contrasted with the note issue gold reserve For the present. I have authorized the Crown Agents to deal with it on the lines the note issue gold reserve, holding one half in coin and lending one-half at call Inis will facilitate its transfer en blue to the note issue gold reserve whenever desired
I have, &c..
38893
Crown Agents To Treasury
SCHEDULE OF ENCLOSURES
4 November, 1909 (without enclosure) 12 November, 1909
Treasury 15 November, 1909
To Crown Agents. * 20 November, 1909. To Crown Agents. 20 November, 1909.
No 2×
CROWN AGENTS to COLONIAL OFFICE.
Received November 29, 1909.)
CREWE
[ Copy là Governor, December 7, 1909, Confidential, and to Treasury, December 16, 1909. L.F. See No. 52.]
SIR.
[Answered by No. 30,]
Whitehall Gardens, London, S.W., 27th November, 1909.
I have the honour to enclose a copy of a circular which we have received from the Government of the Straits Settlements, and to inform you that, in accordance with the terms of the notice. £50,000 in sovereigns shipped by the Chartered Bank of India, Australia, and China, in the s.s. “China," which left Fremantle on the 1st has been purchased, and we telegraphed instructing the Currency Commis ist.. sioners to pay to the Chartered Bank in Singapore on the 18th instant the sum of $428,571 43, being the equivalent of £50,000 at 2s. 4d.
2 The sovereigns are expected to arrive here on the 4th December, and on their receipt they will be dealt with in the manner settled by your letter to us of the 20th instant, No. 37431 · 1909,* as being part of the Note Issue Gold Reserve.
3. I also enclose, for the information of the Secretary of State, a copy of a letter which we have received from the Government of the Straits Settlements and of our reply on the subject of a payment of $241,000 by the Currency Commissioners to the Tanjong Pagar Dock Board.
No 35.
I have, &c.,
R. L. ANTROBUS.
17
Enclosure 1 in No. 28.
NOTICE.
The Currency Commissioners, Straits Settlements, are prepared to purchase sovereigns in transit from Australia by the issue of notes or dollars at Singapore and Penang on the following conditions :-
1. The sovereigns are to be consigned to the Crown Agents for the Colonies, London, and the bills of lading made out in their favour; or if the sovereigns are not so consigned, the bills of lading are to be endorsed in their favour-in every case the bills of lading must be posted to the Crown Agents for the Colonies, Whitehall Gardens, London, S. W., and a letter addressed to them by the seller in the form annexed.
2. On the receipt of the letter by the Crown Agents, instructions will be tele- graphed to the Currency Commissioners.
3. The rate of exchange at which the transfers will be effected is 2s. 4d. the dollar; the earliest date at which they will be granted is seventeen days after the departure from Fremantle of the vessel in which the sovereigns are shipped.
4. The sovereigns are to be shipped on vessels conveying His Majesty's mails.
Singapore, 15 September, 1909.
To the CROWN AGENTS FOR THE COLONIES,
GENTLEMEN,
ARTHUR YOUNG,
J. O. ANTHONISZ, D. BEATTY,
Whitehall Gardens, London, S.W.
Currency Commissioners.
WITH reference to the statement of the conditions under which the Currency Commissioners, Straits Settlements, are willing to purchase for delivery in London sovereigns in transit from Australia, by the issue of notes and dollars at Singapore and Penang to an equivalent amount at the rate of 2s. 4d. the dollar on receipt of telegraphic instructions from the Crown Agents for the Colonies, we have the honour to inform you that £
in sovereigns has been shipped by us from (port of shipment) by the s.s.
which left Fremantle on (date)
The bills of lading have been made out/endorsed in favour of the Crown Agents for the Colonies, and have been posted to their office at Whitehall Gardens, London, S.W.
We have to request that, in payment for these sovereigns, telegraphic transfers may be granted in favour of (Name)
On Singapore Penang
viz.,
We hold the Crown Agents covered by the insurance policies noted below, which are open to your inspection.
GENTLEMEN,
We are. Gentlemen,
Yours faithfully,
Particulars of insurance policies.
Enclosure 2 in No. 28.
14th October, 1909. I HAVE the honour to report that a sum of $241,000 was paid by the Currency Commissioners to-day to the Tanjong Pagar Dock Board on account of Item 3 of the Loan Ordinance, 1907.
2. This is being treated as a remittance to you in reduction of the debt of the Currency Commissioners. The rate to-day for telegraphic transfers is 2s. 41d., so that this sum should produce £28,242 3s. 9d. Of this sum, the equivalent of $241,000
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