CO129-072 - Indviduals - 1858 — Page 350

348

on

assigning a premium to the Dollar instead

a discour-value alone

to the sovereign The dollar has no

exchange actual currency

ench enviency beening the Dollar itself, c

that uideridual alone

who requires money within. I repeat

buy

Dollar to

can derive advantage from the dia

in London, or as

is is a

that the government official the necessaries of life

no position to make advanta

advantageous

or elsewhere.

web

Hong Kong and is a

remittances to London

I have cursorily remarked above that Exchange operations.

11. That wen supposing the high value

the Dollar Exchange Operations to be lasting Government servant's pom

L

the

their

accidents

position will never,

except in some trivial and exceptional instance be able to avail themselves the advantage

1

partioir to

wants

revues

theid apparantly aganded; and

hes

3.

perce

originally fixed the

currency,

and the Wollas alone occupied

may

at some

future time tell

aganist..

the Dollar; in which can

long

futuel pacification of

J

the

the

Country

cviculation

and the

the vast amounts-

consequent return to Dollars hoarded bu

Chinese in the recent and present state

the Empire

9

deniable

went may

not arrive for years.

but in the

the Government servant if paid in that com would have cause of complaint

30

; and I believe that

currency of the country; they would be

would be prejudiced, just-

apparently only, and not really or tangibly.

That the Dollar will fall

все

exchange-value at som

Fiice will I think be the natural result.

as it re dirad the

recognized

Orford

such cas

ao

Shery

are aa

advantaged

noe

lastly. That government servants are entitled to be paid--

in Dollars da

the weal

currency of the place not only by

Equity of service but because when, their salaries (now reduced,

hose who

fiped

British Cour was

Die several accounts.

and Cambridge blut,

9th August 1855

unknown in the

a place is the minds.

Commons

Colonial Leentary

7 Hongkong

meartins the possible freedom of large supplies of the no

Dear Ch

evrenlating medicine is a matter to be consider

-proposed establishment-

ui connectoic with the

Ex

Mint

to cuts

Into this subject however it is unnecess

recessary and I have

to submit in recapitulation that In

established these

sherr points:

only

among

1. That the introduction of British Coins into Hong-

شد

has proved a failure so far

as

Concerno

their equit

admission into the General Currences:

That their introduction has occasioned loss to the

as

government regards public Contracto

That it has resulted in loss to the servants

16 of you

(4)