105
elsewhere" the sole legal currency of the Straits. Colonel ... And also requested information as to whether I could supply the Straits Settlements with dollars.
I lost no time in informing him by the French Mail which left this for Singapore the 27th Instant, that I should be happy to supply him with any number of dollars on his furnishing the requisite amount of Silver, and defraying the Minting charges. I thought it right however to state that these expenses with the addition of freight notwithstanding the reduced charge for seignorage would probably involve nearly 3 per cent on the substitution of a Hong Kong dollar currency for that of rupees.
... CA ... CH... pointed out however in another communication that this Government could afford to send him any amount of subsidiary coinage free of all charge - in consequence of the large margin left for waste and expenses in the increased percentage of alloy. I also suggested that he might possibly see his way to making the Subsidiary Coinage a legal tender up to the amount of $10. This however is quite a minor matter as subsidiary coinage $200,000 of would more than supply the wants of the Straits Settlements for some years judging by the experience of Hong Kong.
At the same time, H. ... to ... me that Colonel Ord seemed about to take a very important step in altering the currency of the Straits Settlements within a few days after his arrival there,
&
105
elsewhere" the sole legal currency of the Straits.. Colonel And also requested information as to whether I could supply the Straits Settlements
with dollars.
າ..
I lost
no
time in informing
informing him by
the French Mail which left this for Singapore
The 27th Instant, that I should be happy
1
to supply him with
any
number
of
dollars
off
I
fon his furnishing the requisite amount of Silver, and defraying the Meinting charges. thought it right however to state that these expenses with the addition of freight notwithstanding the reduced charge for seignorage would probably involve nearly 3 per cent on the substitution of a Hoang Hưng dollar currency for that of rupees.
CA
CH..
pointed out however in another communication
3.
that this
any
Govermenent
amount
ent could afford to send him
of subsidiary coinage free of all
charge - in consequence of the large margin
left for waste and expenses in the increased
per centage of alloy. I also suggested that he might pofailly
see his
way to mathing the Subsidiary Coinage a legal tender up to the
amount of $10. This however
as
quite a minor matter as
subsidiary coinage
may be regarded
$200,000 of would more than supply
the wants of the Straits Settlements
for
some
years judging by the experience of Hongrong,
loss of
H.
to
me
At the same time,
about to take
in
altering
the
as
Colonel Ord seemed
a very important step
currency of the Straits Settlements
within a few days after his arrival there,
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