Despatch to your Lordship from myself of the 21st of May last.
I have received your Lordship's despatch in reply, and entertain the hope that the measures of currency reform which are now contemplated may eventually bring about a more satisfactory state of affairs.
The larger and more important question of providing a constant supply of one uniform and undefaced dollar, which shall be established as the standard of value in this place, and serve to supersede the present system of payments by ingots in silver, will continue to receive the attention of the Chamber.
At some future period, they may solicit your Lordship's co-operation in devising practical measures to supply this great desideratum.
See page 19 of Printed "Correspondence on Currency of Hongkong".
If Your Lordship should approve of the present proposal for the establishment of a Mint at Hongkong for the coinage of British dollars, many questions of detail will then be determined which, however, I need not discuss in this despatch, such as the weight and purity of the new dollar, and the regulations under which the Mint should be established.
I have the honor to be, My Lord Duke,
Your Lordship's obedient servant,
J. W. Cowell
Page 169
my
Despatch to your from
of the 21th of May last.
tt
(
the hope the measures
of
Cuning reform which are now
Синиц
Contiusplated may eventually
bring
"
our.
The larger and
quore important question of
" providing
Oc
constant.
supply
of one uniform and undefaced
dollar
which shall to
Established as the standard
of value in this place,
"
And serve to
"
tr
4
4
supersede
the
Merent system of payments by might in
I and
defand silver. The attention
of
The Chamber will continua
to be directed to this
interesting
subject, and at some future
period they may solicit your
Exalling co-operation in devising practical measures
to supply
See page. 19 of Printed "Consupendur
on Curren
Currency
Of Houghing
Fusi
guat desideration".
169
If thee Mapstyg Grocaminh
should approve of the present
proporal for the establishment mint at Houghong for
of
a
The comage of British dollar many questions of detail wit then be determined which,
★
however, I need not discuss
in this despatch
such
the weight and purity of
the new dollar, and the
Ugulations under
which ther
Mint should be established.
I have the honor the
My Lord Juke
Jom Grens
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