Concurs
the money of becount to the current money ought not to lead to any alteration of the amount of their salaries as computed in dollars at the present date - If therefore his Edward Lytton with my Lords in opinion that the recommendation of the Governor and Council of Hong Kong for adoption of the dollar as the Sole Currency of the Colony, their Lordships would expect that the proceeding to be taken for that purpose should be accompanied by a declaration that existing obligations " for payments in the denomination of British Currency shall be discharged in dollars at the rate of 4/2
by a declaration
could be accepted
m
by Lords consider that the first Essential step for the attainment of the former of these objects is the repeal of the existing Proclamations for the stipulation of the Currency of the Island and proceeding for the future and the adjustment
The
Course
of action of the currency, stipulation of existing obligations thereto affects, Governor, "matter for consideration _ Arbuthnot's Memorandum, which is referred to in the Correspondence, contemplates the adoption of a local enactment for the regulation of
the Currency
on
the repeal of the Proclamation.
the Entire failure, however, of the object of the reference to the Governor of Hongkong renders it necessary, in the opinion of their
Lords
Page 357
Concurs
the money of becount to the current money ought not to lead to any alteration of the amount of their salaries as computed in dollars at the present date - If therefore his Edward Lytton with my hords in opinion that the recommendation of the fonemor and Council of Hong Kong for adoption of the dollar as the Sole Currency of the Colony, their Lodhits would defpect that the proceding to be bites: for that peerpose should be accompanied declaration that misting oblegations " for payments in the denomenation of British Proney shall be discharged dollars at the date of 4/2
by a declaratio
could be accepted
m
by Lords consider that the find-
357
first Essential def for the attainment of the former of these obfels is the repeal of the wisting Proclamations for the tipulation of the Carrency of the Island_ of proceeding for the future and the adjustment
The
Course
action of the carreacy,
Epulation
of bisting obligations there to affeis, Cowaren, "matter for consideration _ Arbuthnots Remorandeem, which is referred to in the Conespondence, contemplates the adoption of a local enactment for the regulation of
the Currency
on
the repeal of the Roclamation.
the Intire failure, however, of the obfect of the reference to the fonemor of Hongkong kaders it recessary, in the openion of try
Lorda
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