CO129-119 - Public Offices - 1866 — Page 283

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

local hausactions of the present Currency in favour of the new. That alone won't d.

the Create a heavy call. Mint's powers. The alleged disinclination of the Chinese in the Colony for the new do, I am of opinion, be fairly ascribed almost exclusively to the Shroffs & Compradore, whose fraudulent gains (universally complained of) in the handling of bullion by weight would, by the system, be put an end to.

277

Unfortunately, however, the Machinery of the Mint proved incapable of coining except in very trifling daily amounts, and the lock-up of funds would have been so serious an inconvenience to the depositors, that they entirely withdrew, and a great opportunity of introducing the new Coinage was lost.

Mr. Reunies' Memorandum, which I saw in Hong Kong, embodies, I think, all the arguments of the Colonial Croakers. His calculations

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local hausactions of the present Currency in favour of the new. That alone won't d. the Create a heavy call. Mint's powers. The alleged disinclination of the Chinese in the Colony for the new do, I am of opinion, be fairly ascribed almost exclusively to the Shroffs & Compradore, whose fraudulent gains (universally complained of) in the handling of bullion by weight would, by the system, be put an end to. 7 277 Unfortunately, however, the Machinery of the Mint proved incapable of coining except in very trifling daily amounts, and the lock-up of funds would have been so serious an inconvenience to the depositors, that they entirely withdrew, and a great opportunity of introducing the new Coinage was lost. Mr. Reunies' Memorandum, which I saw in Hong Kong, embodies, I think, all the arguments of the Colonial Croakers. His calculations

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local hausactions of the present Currency in favour of the new. That alone woont d. the Create a heavy call. Mint's powers. The alleged disinclination of the Chines in the balony for the new do may I am of opinion be fairly ascribed almost exclusi to the Shroffs & Compradore those fraudulent gains. ( universally complained of) in the handling of bullion by weight would by the sy tale be put an end to 7 277 Unfortunately however the Machinery of the Mint proved incapable of coining except in very trifling daily amounts and the lock up of funds would have been so serious au inconvenience to the were almost depositors, that they entirely with drawn, and a great opportunity this lost of introducing the new Coinage. Mr. Reunies Memorandum, which I saw in Hove kong, embodies I think all the arguments of the bolonial Croakers. His calculations

2026-05-19 15:06:12 · Baseline

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local hausactions of the present Currency in favour of the new. That alone woont d.

the Create a heavy call. Mint's powers. The alleged disinclination of the Chines in the balony for the new do may I am of opinion be fairly ascribed almost exclusi to the Shroffs & Compradore those fraudulent gains. ( universally complained of) in the handling of bullion by weight would by the sy tale be put an end to

277

Unfortunately however the

Machinery of the Mint proved incapable of coining except in very trifling daily amounts and the lock up of funds would have been so serious au inconvenience to the

were almost

depositors, that they entirely with drawn, and a great opportunity this lost of introducing the new Coinage.

Mr. Reunies Memorandum,

which I saw

in Hove

kong,

embodies I think all the

arguments of the bolonial Croakers. His calculations

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