Srini No.
Despatch
From or to whom,
Date.
Subject.
Page.
Na.. kg.
Pago.
1910.
Transmits copy of No. 23, and approves of their dealing with the coin in the manner suggested therein; conveys detailed instructions as to the keeping of accounts.
1909.
24
The Governor
Telegram (Ree. Nov, 17)
States that Crown' Agents may sell four million dollars at 23 d. to pay debt of Currency Commissioners; should be invested at call.
14
34
To Treasury
March 12
balance
14
25
To Crown Agents........
November 20
35
Treasury
36
To the Governor...
Confi-
May 5
May 18
dential.
Ditto
('onfi- dential.
November 20
15
37
To Crown Agents...
May 19
Transmita copies of Nos. 32 and 33: the views Agrees generally with expressed by the Governor, and proposes to instruct the Crown Agents to proceed on the lines indicated.
Submita observations on Nos. 32 and 33.
Transmita copies of Nos. 34 and 35, and states that the Crown Agents have been authorized to proceed on the lines indicated in Nos. 32 and 33.
Transmite copies of Nos. 32, 33, 34, and 35, and approves of their proceeding on the lines laid down in Nos. 32 and 33 pending further instructions.
25
25
26
27
38
Crown Agents
May 27
27
27
To the Governor
Confi- dential.
November 20
:
28
· Crown Agents
November 27
29
Ditto
December 4
30
To Crown Agents...
December 7
31
Ditto
32
The Governor
Ditto
33
December 16
1910.
Conf- January 24 dential. (Rec. Feb. 19.).
Confi- January 27 dential. (Rec. Feb. 19.)
Transmits copy of No. 24 and approves their taking action as therein re- quested and of their dealing with the balance on the lines laid down in the case of gold received on account of the note issue-one-half to be held in gold, the other half to be lent at call.
to
Transmits copy of correspondence and 15
asks for observations on the various points raised therein; trusts that the Governor will conour in the instruc- tion given to Crown Agents as keeping their accounts in connection with the disposal of moneys received by them against notes issued in Singapore.
Reports purchase of £50,000 in sovereigna in accordance with the terms of an enclosed notice issued by the Straits Government, which will be dealt with in the manner already directed; en- closes correspondence with the Straits Government respecting the payment of 241,000 dollars by the Currency Commissioners to the Tanjong Pagar Dock Board.
States that they have made arrangements with the Bank of England to hold half the Gold Reserve Fund and asks for the Secretary of State's approval of the Bank's terms and for any Ordinances and other published papers on the subject.
States, in reply to No. 28, that the trans. actions with the Tanjong Pagar Dock Board should be shown in the account of the Note Issue Gold Reserve; considers that it will be necessary to keep a separate account of the Gold Standard Reserve showing all the transactions. Approves of Bank's terms and encloses
copies of documents as specified.
Acknowledges the receipt of despatch forwarding copies of Nos. 28 and 30: submits observations on the instruc- tions given to the Crown Agents.
Submits, in reply to No. 27, observations on the subject of the gold received in London against notes issued in the Colony, and of the disposal of the proceeds of the sale of old dollars,
16
39
Ditto
May 30
40
To the Governor
Telegram.
June 2
18
41
The Governor
States the result of the adjustments made in accordance with No. 33, and adds that the sum remaining in the Gold Standard Reserve is being placed on deposit at interest pending instructions as to its invest-
ment.
Embodies copies of telegraphic corres- pondence with the Governor of the Straits Settlements as to the method of dealing with the proceeds of the sale of 4,000,000 dollars; requests the consequential modification in the figures given in No. 38, and saks for approval in carrying out the instructions of the Straits Settlements Government.
Aske if the proceeds of sale of four million dollars now being made should not be dealt with as follows: half held in specie, half lent on short loan.
Telegram (Rec. Jane 4) States, in reply to No. 40, that the proceeds of the sale of the four million dollars should be invested, one-half permanently and one-half on short loan.
19
42
To Crown Agents.....
June 8
43
The Governor
Confi.
20
July 14 dential. (Rec. Áng, 8.)
Confi.
July 18 dential. (Roo. Aug. 15.)
Transmits copies of Nos. 40 and 41 and approves of their carrying out the Governor's wishes; adde that all the Gold Standard Reserve moneys should be invested.
Explains his reasons for proposing to fix the silver reserve at one-fifth instead of one-third of the note issTLE as desired by the Treasury.
on
Refers to No. 35 and suggests that the advice of the Bank of England should be followed as to whether telegraphic transfers London should be met from money on short loan or specie reserve, rather than that the hard and fast rule of the Treasury should be adopted.
20
44
Ditto
24
21005
28
28
28
29
29
30
PUBLIC RECORD OFFICE
Reference :-
C.O. 882
9 PUBLIC RECORD OFFICE, LONDON
ALLY WITHOUT PERMISSION OF THE BE REPRODUCED PHOTOGRAPHIC- COPYRIGHT PHOTOGRAPH-NOT TO
Serial No.
Despatch
From or to whom.
Date.
No., ke.
vi
Page.
Subject.
31
45
To Treasury
46
Treasury
1910.
August 30
Transmits copies of Nos. 43 and 44: agrees with the Governor's opinion that the silver reserve may safely be reduced to one-fifth of the note issue; that it may be well to instruct the Crown Agents to guide themselves by the advice of the Bank of England as to the manner in which telegraphic transfers in redemption of should be met.
notes
September 24 Regrets that the Treasury are unable to agree with the Governor of the Straits Settlements that the silver reserve may safely be reduced to one-fifth of the note issue; agrees that the method of meeting tele- graphic transfers should be settled in consultation with the Bank of England.
47
The Governor
Confi- Jential.
September 8 (Rec. Oct. 1.);
48
To Treasury
October 17
pre- States that a draft Bill has been
pared to give effect to the instructions contained in No. 12; suggests that the whole currency note legislation should be reconsidered on the basis of a silver reserve of one-third of the note issue.
Encloses copy of No. 47 and asks for
observations.
1911.
-
49
The Governor
97
March 2 (Rec. Mar. 25.)
50
To Crown Agente.....
May 19
51
To the Acting Gov-
125
May 19
ernor.
52
Treasury
June 7
31
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