45
DEPRECIATION FUND INVESTMENTS.
Nominal
Cost
Value of Stook
Description.
A
¿ 10,642 BL 71 18 6
116,382,39 686.51
$117,068.88 10,714 0 7
Consola Consols
Market Prices of January,
1904.
Brokerage.
Not
Price.
Market
Prices of
January,
1904.
871
87
871
Net Value of Stock
Net Valus in
Dollars.
.. 2.
5 6
9,825
69 17 10
9,388 3 4
at exchange
15. 114. per
dollar.
$96,879 15
Present Value of Securitien
Original Cost of Securities
Difference against present Value
*
No. 64.
THE GOVERNOR to THE SECRETARY OF STATE. (Received 4th July, 1904.)
[Answered by No. 68.]
95,879 15 117,065 88
$21,189
68
Government House, Singapore, 7th June, 1904. On the 12th of May ultimo I received from the Colonial Treasurer the enclosed memorandum in regard to the present position of the new coinage, and immediately addressed a telegram to the Government of India enquiring whether it would not be possible to double the rate at which the new dollars are at present being supplied from the Bombay Mint.
$
2.
L a. d.
16,000 0
0
West Australia 3 per cent. ID-
87
861
13,880 0 0
scribed Stock (1915–35).
3,000 0 0
West Australia 3 per cent. In-
88
+
871
2,489 10 0
scribed Stock (1927).
12,000 0
0
South Australia 8 per cent. In-
87
+
861
10,410 0
0
scribed Stock (1916 or after).
10,000 0
0
Cape 3 per cent. Consolidated In-
87
+
B64
8,676 0 0
23620*
Foribed Stock (1933–48).
10,000 0 0
New Zealand 8 per cent. In-
90
P91
8,975 0 0
scribed Stook (1948).
18,000 00
Queensland 3 per cent. Inscribed
87
861
18,615 0 0
Stock (1922-47).
10,000
D
0
Victoria 3 per cent. Consolidated
87
1
861
8,676 0 0
Inscribed Stock (1929-49).
11,000 00 Natal 5 per cent. Consolidated
39
+
881
9,762 10 0
Inscribed Stock (1929–49).
10,000 0
0
New South Wales 3 per cent.
88
874
8,776 0
0
Inscribed Stook (1986).
(Confidential.)
9,971 14 11
India 2 per cent. Inscribed
801
}
801
8,014 18 10
Stock (1928).
SIR,
5,384 13 0
Liverpool Corporation per
88 #
821
4,439 4 2
cent. Blook (after 1993).
9,693 11 10
Trinidad 3 per cent. Inscribed
91
+ 901
8,796 18 8
Btook (1922-44).
(a)4,567,938.36
3,000 0 0
Jamaion 34 per cent. Inscribed
100
+
991
2,992 10 0
Stook (1919-49).
5,269 H 3
Ceylon 3 per cent, Inscribed
94
Stock (1940).
1,616 17 8
New South Wales 81 per cent.
Stock (1924).
1,639 09
Victoria 3 per cent. Inscribed
30,000 00
#136 10 11
10,000 0 0
25,000 0
0
3,000 0
20,000 0
0
17,409 1
&
136,000 00 40,000 00
4,567,938,36
429,092 17 9
8took (1921-6)
Cardiff Corporation 3 per cent.
Stook (1914-54).
Stock (1940-60).
Canada 3 per cent. Stock (1988)
Zanzibar Guaranteed 8 per cent.
Loan (1916–81).
✪ | British Guiana 8 per cent. In-
15,000 0 0
scribed Stock (1998-45).
Gold Coast 3 per cent. Inscribed
Stock (1927-58).
Newport (Mon.) Corporation 34
per cent. (1915–53).
Liverpool Corporation 8 per cent.
Stook (1949 and after).
Consols
Transvaal 3 per cent. Guaranteed
Stook (1973-58).
Croydon Corporation 8 per cent.
29 3 8 * * 9:
931
3,085 1 6
100 誊 991
1,612 16 10
+
961
1,685 15 6
+ 881
17,850 0 0
+ 911
7,423 13 9
961
9,875 0 0
961
24,187 10 0
884
2,662 10 0
874
17,550 0 0
884
15,357 0 7
911
13,762 10 0
871
119,170 0 0
981.
88,600 0 0
388,945 19
Market
Prices of
17th Feb.,
1904.
(3)911,970.90
(0)849,118,00
(4)169,090.37
(0) 81,048.82
Be. 1,468,600
696,900
Rs. 6.
8 per cent. Indian Government
Fecurities of 1896 -7.
86 4 D
A 85
at exchange 1, 1148. par dollar-
a. p. 1,249,142 18 0
A per cent. Indian Government
95 15 0
2 94
667,281 12 0
Securities of 1865.
900,000
8 per cent. Indian Government 95 15 0
191,600 0 0
"Hecurities of 1842-42,
100,000
per cent. Indian Government
95 15 0
A 95
95,750 0 0
Beenrities of 1864-55.
$1,704,287.79
$4,973,141.18
2,465,400
1,208,674 9 0
Present Value of Securities
Original Cost of Securities
Difference against present Value
at exchange
38,991,146 94
Re. 168) par #100m | 1,614,858 94
++
8,424,809 90 6,272,161 18
$186,481 36
2. I enclose copy of a reply from India, and also of a memorandum by the Treasurer upon it, from which it will be seen that if the British and Mexican dollars are received in sufficient quantities, substantially the whole of these dollars in the Colony may be withdrawn or replaced by the new coinage or by notes by the end of the first week in August.
3. There is at the present time a considerable depression of trade in the Colony, and some Chinese firms of some importance have already failed, and others are rumoured to be in difficulties, and, though the depression is not, I believe, in any way due to the currency operations of the Government, it is possible that it has been in some measure accentuated by them, and the general feeling of uncar- tainty which prevails as to the ultimate intentions of the Government in the matter. 4. Hitherto there is no reason to believe that there has been any considerable influx of British and Mexican dollars since the date when the importation of these coins was prohibited, because the extent to which the value of the dollar has been raised by the restrictions has not been sufficient to tempt anyone to run the riska attending any importation on an extensive scale, but it is impossible to count safely on an indefinite continuance of this immunity, especially should our exchange with China rise to a higher premium than that at which it has been for some time past. It appears desirable, therefore, to ensure as far as possible that the Government will be in a position to avail themselves of the offer of the Government of India to increase the output of the new Straits dollars, and as the banks have hitherto been mainly using the new dollars received by them to replace the British and Mexican dollars in their cash reserves, while they issue the latter to their customers applying for cash. I propose early next month, in order to secure the further dis- placement of the British and Mexican by the Straits dollar in the bazaars and in the hands of the public, to arrange with the banks to issue no more of the former to the public except to those who specially ask for them. Some restriction will, of course, have to be imposed on the amount to be thus exchanged to prevent the exhaustion of the supply of new dollars, and I propose to limit the amount to be thus issued by each of the four banks to a definite sum, further authority being
PUBLIC RECORD OFFICE
ياسيا
Reference --
C.O. 882
9
PUBLIC RECORD OFFICE, LONDO
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