373
system of sovereign Currency in Hong Kong which is practically confined to Government transactions and which leads to much inconvenience if not to positive abuses, (as some of the papers seem to show) to the profit obtainable under this system from paying in one currency and being paid in another, – and that the Currency law ought to be assimilated as proposed by His Lordship, to the Dollar system of the community public accounts, taxes, and Salaries.
We did not object to the suggestion to afford them Sterling salaries, and Sterling obligations generally being converted into Dollars at 4/2 to the Dollar. – But His Grace has been unable to concur in the proposition to abolish every legal tender except the silver dollar. He is not prepared to assume that the Government and the public of the Colony will not be put to inconvenience if the Currency of other coins is legalised at fixed rates for purposes of small change.
373
system of sovereign Currevey in Hing King which is pradically confined to Government transadims
and which leads to much
inconvenience if not to peritive abuses, (as
of the papus
ourng
Sirne
seem to shew ]
nour
to the profit obtain _
-able under this system
· from paying
ui
one cair.
and being paid in another, – and that the Currency law
ought to be assimilated As
proposed by thin Lordship,
to the Dollar system
of the community public accounts, laxes, and
Salaries
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Guest Ken
tre fo in your We did not ock th. Suntar pe to afran sy them
Sux
salaries, and Sterling
obligations generally being
converted into Dollars at
4/2 to the Dollar. – But
His Grace has been unable
to concur in the proposition:
to abolish every legal tender
except the silver dollar-
He is not prepared.
assume that the Govern -
ment and the public of
The Colony will not be
put to inconvenien co
The Currency of other
not
Com's is legalised at-
A
fixed rates for puposeb
of small change.
would
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