CO129-073 - Lieut. Governor Caine & Sir Bowring - 1859 [1-5] — Page 197

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed

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to their

papers Lordships, Sir E. Lytton would

again remark the

inexpediency of allowing the existing state of things

Continue

I.F.E.

Memorandum

The Legal Valuation of the Dollar - as it affects

the Military Service.

195

The Question raised by the Treasury appears to be, whether the payments to the Civil, Military, and Naval Establishments at Hongkong should be

made in British coin, or in Dollars at a valuation

increased beyond 4/2d, at which it was

fixed by the Order in Council dated 28th November 1844.

It is admitted by all parties, that the attempt

to introduce British coin, as the circulating Medium

at Hongkong has proved a failure, and it would therefore be manifestly unjust to pay the Civil, Military, and

Naval Establishments in other than the current

Coin of the place, dollars. For in the former

case

either the Government Servants would be compelled

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to theirpapers Lordships, Sir E. Lytton wouldagain remark theinexpediency of allowing the existing state of thingsContinueI.F.E.3MemorandumThe Legal Valuation of the Dollar - as it affectsthe Military Service.195The Question raised by the Treasury appears to be, whether the payments to the Civil, Military, and Naval Establishments at Hongkong should bemade in British coin, or in Dollars at a valuationincreased beyond 4/2d, at which it wasfixed by the Order in Council dated 28th November 1844.It is admitted by all parties, that the attemptto introduce British coin, as the circulating Mediumat Hongkong has proved a failure, and it would therefore be manifestly unjust to pay the Civil, Military, andNaval Establishments in other than the currentCoin of the place, dollars. For in the formercaseeither the Government Servants would be compelled

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(Copy)to theirpapers Lordships, Sie E. Lyltar wouldagain remark theinexpediency of allowing the existing state gelingContinueI.F.E.3Memorandum£3575759The Legal Valuation of the Dollar - as it affectsthe Military Service.195The Question raised by the Treasury appears to be, whether the payments to the Civil, Military, and Naval Establishments at Honghong should bemade in British boin, or in Dollars at a valuationincreased beyond 4/2°, at which it wasfixed by the Order in bouncil dated 28th November 1844.It is admitted by all parties, that the attemptto introduce British boin, as the loirculating Mediumat Hongkong has proved a failure, and it would therefore, be manifestly unjust to pay the bivil, Abilitary, andNaval Establishments in other than the currentCoin of the place, dollars, For in the formercaseeither the Government Servants would be compelled

2026-05-18 10:38:29 · Baseline

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(Copy)

to their

papers Lordships, Sie E. Lyltar would

again remark the

inexpediency of allowing the existing state geling

Continue

I.F.E.

Memorandum £3575759

The Legal Valuation of the Dollar - as it affects

the Military Service.

195

The Question raised by the Treasury appears to be, whether the payments to the Civil, Military, and Naval Establishments at Honghong should be

made in British boin, or in Dollars at a valuation

increased beyond 4/2°, at which it was

fixed by the Order in bouncil dated 28th November 1844.

It is admitted by all parties, that the attempt

to introduce British boin, as the loirculating Medium

at Hongkong has proved a failure, and it would therefore, be manifestly unjust to pay the bivil, Abilitary, and

Naval Establishments in other than the current

Coin of the place, dollars, For in the former

case

either the Government Servants would be compelled

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