CO129-075 - Public Offices - 1859 — Page 350

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed
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Prevalence: but they are at a loss to understand the effect which he anticipates from the adoption of the denomination of the dollar in the public Accounts, if payments may still be made in British money - They are inclined to think that the apparent inconsistency of the opinions expressed by this gentleman may be explained by his fear, that an alteration of the legal tender would lead to a revision of "the relative value of the dollar and "the Sovereign", and of "the Official salaries and of the entire financial arrangements of the Government," a proceeding for which "he sees no necessity."

Page 356

My Lords can quite understand that so inconvenient a change would outweigh in the minds of the public servants the advantages of a well-defined and conform system of currency: but their Lordships are not of opinion that the revision anticipated and deprecated would necessarily follow the proposed alteration of the Currency - They consider, on the contrary, that as the course pursued for obtaining the payment of the local revenues in dollars has practically given the public servants the payment of their salaries out of those revenues in like coin at certain fixed rates, the assimilation

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Prevalence: but they are at a loss to understand the effect which he anticipates from the adoption of the denomination of the dollar in the public Accounts, if payments may still be made in British money - They are inclined to think that the apparent inconsistency of the opinions expressed by this gentleman may be explained by his fear, that an alteration of the legal tender would lead to a revision of "the relative value of the dollar and "the Sovereign", and of "the Official salaries and of the entire financial arrangements of the Government," a proceeding for which "he sees no necessity." Page 356 My Lords can quite understand that so inconvenient a change would outweigh in the minds of the public servants the advantages of a well-defined and conform system of currency: but their Lordships are not of opinion that the revision anticipated and deprecated would necessarily follow the proposed alteration of the Currency - They consider, on the contrary, that as the course pursued for obtaining the payment of the local revenues in dollars has practically given the public servants the payment of their salaries out of those revenues in like coin at certain fixed rates, the assimilation a claim
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: frevance: but they are at a loss to understand the effect which he antecipales from the adoption of the denomination of the doller in the public Accounts, if payments may still be made in British money - They are inclined to think that the apparent inconsistency of the opencions Expressed by this fentteman mayhe Explained by his fear, that an alteration of the legal tender would lead to a revision of " the relative value of the dollar and "the Sonersign", and of "the Official salines and of the entire financial arrangements of the Gonemment," a proceeding for which "he sees no recessly "_ My 356 My lords can quite understand that To inconvenient a change would ontwrigh in the minds of the public servants the Advanteps of a well defined and conform Systern of currency : but their Lordship's Are not of opinion that the revision Anticipated and deprecated would recessarily follow the proposed alteration of the Currency - They consider, on the Contrary, that as the Course pursued for obtaining the payment of the local quenues in dollars has practically given the public semants the payment of their Salaries out of those Revenues in like Coins at certain fixed rates, the apimilation a claim
2026-05-18 14:14:20 · Baseline
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frevance: but they are at a loss to understand the effect which he antecipales from the adoption of the denomination of the doller in the public Accounts, if payments may still be made in British money - They are inclined to think that the apparent inconsistency of the opencions Expressed by this fentteman mayhe Explained by his fear, that an alteration of the legal tender would lead to a revision of " the relative value of the dollar and "the Sonersign", and of "the Official salines and of the entire financial arrangements of the Gonemment," a proceeding for which "he sees no recessly "_

My

356

My lords can quite understand that To inconvenient a change would ontwrigh in the minds of the public servants the Advanteps of a well defined and conform Systern of currency : but their Lordship's Are not of opinion that the revision Anticipated and deprecated would recessarily follow the proposed alteration of the Currency - They consider, on the Contrary, that as the Course pursued for obtaining the payment of the local quenues in dollars has practically given the public semants the payment of their Salaries out of those Revenues in like Coins at certain fixed rates, the apimilation

a claim

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