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TTTTTC.O. 882
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ALLY WITHOUT PERMISSION OF THE BE REPRODUCED PHOTOGRAPHIC- COPYRIGHT PHOTOGRAPH--NOT TO
PUBLIC RECORD OFFICE, LONDOIS
48
understood we cannot continue this rate of delivery should it be necessary to mint rupees for our own use; in such circumstances we shall give information of reduced outturn as early as possible, but we cannot bind ourselves in any way possible."
(Confidential.)
Enclosure 3 in No. 64.
MEMORANDUM.
This is satisfactory, but we shall not be able to keep up the supply of 24 lakhe a fortnight for long, so as to keep the mint employed to that extent.
2. There are at Bombay and en route old dollars to the amount of $6,574,832, including $500,000 of Federated Malay States balances, and the Commissioners of Currency have still in the vault $1,032,000 to send away to be reminted.
3. If we base calculations on the figures supplied by the banks of their holdings on the 31st March, there should now remain with them, after allowing for the old coins exchanged for new:---
Banks in Colony and Federated Malay States, includ- ing special reserve of $830,000 against note issue of Chartered Bank
$5,567,000
4. Taking the figures given above relating to old dollars we find the following result:-
At Bombay or en route In vault
In banks
Total
$6,574,000
1,032,000
5,567,000
$13,173,000
5. At the rate India now promises to supply us we should receive as follows (always supposing we sent a sufficient supply of the old coin):-
May 29th
June 12th
June 28th
July 10th
July 24th
August 7th
Total
$1,200,000
2,000,000
2,400,000
2,400,000
2,400,000
2,400,000
$12,800,000
so that nearly all would be returned by the first week in August.
6. There only remains the old coin in the bazaars outside the banks in the Colony, Federated Malay States, and Johore. In my confidential memorandum of the 12th instant I put the amounts at:-
Colony
Federated Malay States Johore
Total
$1,200,000
2,000,000
1,000,000
$4,200,000
49
Enclosure 4 in No. 64.
WHEREAS by Order of Her late Majesty Queen Victoria in Council, dated the 2nd day of February, 1895 (hereinafter called the Order of 1895) provision was made with respect to the currency of the Colony:
And whereas by the Straits Settlements Coinage Order, 1903, it was, among other things, ordained and enacted that a Straits Settlements dollar should be coined and should be of a weight and fineness specified in the Schedule to that Order and that the Governor of the Colony might, by Proclamation made with the consent of the Secretary of State, substitute the Schedule to the Straits Coinage Order, 1903, for the First Schedule of the Order of 1895, and that accordingly as from the date mentioned in such Proclamation the Order of 1895 should be con- strued as if the standard coins were the coins described in the Schedule to the Straits Settlements Coinage Order, 1903, in substitution for the Mexican dollar described in the First Schedule to the Order of 1895 and as if the Mexican dollar as described in the First Schedule to the Order of 1895 were comprised in the Second Schedule to that Order:
And whereas by a Proclamation of His Excellency Sir Frank Athelstane Swettenham, Governor and Commander-in-Chief of the Straits Settlements, dated the 5th day of October, 1903, and made, with the consent of the Secretary of State, it was proclaimed that from and after the 5th day of October, 1903, the Schedule to the Straits Settlements Coinage Order, 1903, should be substituted for the First Schedule to the Order of 1895, and that accordingly as from the 5th day of October, 1903, the Order of 1895 should be construed as if the standard coin were the coin described in the schedule to the Straits Settlements Coinage Order, 1903, in sub- stitution for the Mexican dollar described in the First Schedule to the Order of 1895 and as if the Mexican dollar were comprised in the Second Schedule to that Order:
And whereas by the Straits Settlements Coinage Order, 1903, it was also, among other things ordained that the Governor of the Colony might by Proclama- tion, with the consent of the Secretary of State, declare that any of the coins, the description of which for the time being forms part of the Second Schedule to the Order of 1895, shall cease to be legal tender in the Colony, and so much of the Order of 1895, or any Order amending that Order, as makes tender of pay- ment in that coin legal tender shall, as from the date fixed in the Proclamation, be repealed.
Now I, Sir John Anderson, Knight Commander of the Most Distinguished Order of Saint Michael and Saint George, Governor and Commander-in-Chief of the Straits Settlements, with the consent of the Secretary of State, and in exercise of the powers vested in me by the Straits Settlements Coinage Order, 1903, and of every power enabling me in that behalf, do hereby proclaim that from and after the 31st day of August the following coins, described in the Second Schedule to the Order of 1895, shall cease to be legal tender in the Colony :-
Doin.
Standard Weight.
Less Current Weight.
Motal
Millesimal Fineness.
Grains.
Gramm-es
Grains.
Grammes.
Mexican dollar British dollar Hongkong dollar
***
Silver ... Silver.... Silver ...
902.7 900- 900+
417-74
27 070
411.00
26-633
416-00
26.937
411-00
26-633
416'00
26.957
411-00
26-633
+
and if these amounts could be called in and sent away, it would mean only a few more weeks' work for the Bombay Mint. These amounts can be only guesses; they may really be much less or more.
7. Referring to the figures given in paragraph (4) above it will be seen that we have (apart from the amounts of old coin in the bazaars of the Colony and the Malay States) 86,599,000 to send to the Mint. If we despatched this at the rate at which we are to receive from India, it would all be gone by the mail of the 8th July.
21st May, 1904.
FRED. G. PINNEY.
Given at Singapore, this 24th day of August, in the year of Our Lord one thousand nine hundred and four.
23620
SIR,
B1104
No. 65.
COLONIAL OFFICE to TREASURY.
[Answered by No. 66.]
>
Downing Street, 13th July, 1904. WITH reference to the letter from this Department of the 20th of February
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