CO129-135 - Public Offices & Others - 1868 — Page 281

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

In the reply to this Letter the following number should be quoted.

279

although the charge on account of seignorage has been reduced to a rate within the actual cost of coinage.

It may be true, as has been asserted, that the effect of the coinage of Dollars at Hong-Kong has been to reduce the market price of the dollar and so far indirectly saving to Imperial funds on account of the transactions of the Treasury Chest - but looking to the actual amount of coins issued from the mint, My Lords feel themselves unable to come to the conclusion that the fall in the premium on the Dollar has resulted to any great degree, from this cause, and are inclined to the opinion that it is due to other and more powerful influences, such as the more extended communications between China and America, the alterations in the Trade with Japan &c.

It is clear therefore that the benefit which has accrued to Imperial Interests is not of such importance as to justify my Lords in adopting the unusual course of submitting a vote to Parliament for the purpose of maintaining a purely Colonial Establishment - and however much

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In the reply to this Letter the following number should be quoted. 279 although the charge on account of seignorage has been reduced to a rate within the actual cost of coinage. It may be true, as has been asserted, that the effect of the coinage of Dollars at Hong-Kong has been to reduce the market price of the dollar and so far indirectly saving to Imperial funds on account of the transactions of the Treasury Chest - but looking to the actual amount of coins issued from the mint, My Lords feel themselves unable to come to the conclusion that the fall in the premium on the Dollar has resulted to any great degree, from this cause, and are inclined to the opinion that it is due to other and more powerful influences, such as the more extended communications between China and America, the alterations in the Trade with Japan &c. It is clear therefore that the benefit which has accrued to Imperial Interests is not of such importance as to justify my Lords in adopting the unusual course of submitting a vote to Parliament for the purpose of maintaining a purely Colonial Establishment - and however much

Baseline (Original)

In the reply to this Letter the following Number should be quoted. 279 although the charge on account of seiguorage has been reduced to a rate within the actual cost of coinage. --- It may be tre, as has beau afserted, that the effect of the. comage of Dollars at Hong-Kong- has been to reduce the market price of the dollar- and so far indirectly, saving To Imperial funds to cause a on Account of the transactions of the - " reasury Chest - but looking to the actual amount of coms issued from ties mint, My Lords feel themselves unable to come to the conclusion that the fall in the premie the Dollar has resulted. to any great degree, from this cause, and 12 are are inclined to the opinion that it is due to other and more powerfuel influences, such as the more extended communications between Cluna and America, the alterations in the Trade with. Japan be se It is clear therefore that the benefit which has accrued to Imperial Interests is not of such importance as to justify my Lords in adopting the unusual course of subunthing a tote to Parliament for the purpose of manitaning a purely Colonial Establishment - and however mundi - they

2026-05-20 01:09:34 · Baseline

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In the reply to this Letter the following

Number should be quoted.

279

although the charge on account of seiguorage has been reduced to a rate

within the actual cost of coinage.

---

It may be tre, as has beau afserted, that the effect of the. comage of Dollars at Hong-Kong- has been to reduce the market price of the dollar- and so far indirectly, saving To Imperial funds

to cause a

on Account of the transactions of the

" reasury Chest - but looking to the actual amount of coms issued from ties mint, My Lords feel themselves unable to come to the conclusion that the fall in the premie the Dollar has resulted. to any great degree, from this cause, and

are

are inclined to the opinion that it is due to other and more

powerfuel influences, such as the more extended communications between Cluna and America, the alterations in the Trade with.

Japan be se

It is clear therefore that the benefit which has accrued to Imperial Interests is not of such importance as to justify my Lords in adopting the unusual course of subunthing a tote to Parliament for the purpose of manitaning a purely Colonial Establishment - and however mundi

CO129-135 - Public Offices & Others - 1868 — Page 281

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