CO129-123 - Sir MacDonnell - 1867 [7] — Page 232

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

230

answer

my Despatch of the 14th March - which indeed it can scarcely be intended to be, as it omits all allusion to the most important difficulty, which concerns this Government - namely how an establishment like the Mint is to be effectively maintained during its interval of failure by a Colony which cannot pay its current expenses.

I would likewise be sorry that her Majesty's Government should found any plan of future permanent action on the complicated calculations as to exchange with which Sir Hercules Robinson justifies the original project. Such calculations when tested by practice are too frequently found deceptive through the omission of some consideration, which has been forgotten till prominently brought to notice in the practical working of the experiment.

6. I hope therefore from Sir Hercules' Despatch to the present formation of the Mint, which has of late been receiving more Patronage than formerly from the Public, who have been able to take advantage of the low Seigniorage charge of ½ per cent to convert Japanese Ietchiboos into...

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230 answer в my Despatch of the 14th March - which indeed it can scarcely be intended to be, as it omits all allusion to the most important difficulty, which concerns this Government - namely how an establishment like the Mint is to be effectively maintained during its interval of failure by a Colony which cannot pay its current expenses. I would likewise be sorry that her Majesty's Government should found any plan of future permanent action on the complicated calculations as to exchange with which Sir Hercules Robinson justifies the original project. Such calculations when tested by practice are too frequently found deceptive through the omission of some consideration, which has been forgotten till prominently brought to notice in the practical working of the experiment. 6. I hope therefore from Sir Hercules' Despatch to the present formation of the Mint, which has of late been receiving more Patronage than formerly from the Public, who have been able to take advantage of the low Seigniorage charge of ½ per cent to convert Japanese Ietchiboos into...

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230 answer в my Despatch of the 14th March- which indeed it can scarcely be intended to be, as it omito all allusion to the most important difficulty, which concerns this Government - namely how an establishment like the hint is to be effectively maintained during its interval of failure by ん Colony which cannot pay its current expenses. ཚ ་ I would likewisen be sorry that her Majestyy Government should found any plan of future fermanent action on the complicated calculations as to exchange to with. which bir bercules justifies the original project. Such calculations when tested by practice are too frequently found deceptive through the omission of some consideration, which has been Forgotten till frominently bought to notice in the fractical working of the experiment. 6. I hope therefore from bir bercules Despatch to the present foration of the hint, which has of late been receiving more fatronage Patronage than formerly from the Public, who have been able to take advantage of the low Seignange charge of / fer cent to convert Japonese. Ietchiboos inti

2026-05-19 19:03:40 · Baseline

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230

answer

my Despatch of the 14th March- which indeed it can

scarcely

be intended to be, as it omito all allusion to the most important difficulty, which concerns this Government - namely how an establishment like the

hint is to be effectively maintained

during its interval of failure by

ん

Colony which cannot pay its

current expenses.

ཚ ་

I would likewisen be

sorry

that her Majestyy Government should found any plan of future fermanent action on the complicated calculations as to exchange to with.

which bir bercules justifies the original

project. Such calculations when tested by practice are too frequently found deceptive through the omission of some consideration, which has been Forgotten till frominently bought to notice in the fractical working of the

experiment.

6. I hope therefore from bir bercules Despatch to the present foration of the hint, which has of late been

receiving more fatronage

Patronage than formerly from the Public, who have been able to take advantage of the low Seignange charge of / fer cent to convert Japonese. Ietchiboos inti

CO129-123 - Sir MacDonnell - 1867 [7] — Page 232

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