CO129-158 - Sir Kennedy - 1872 [6-8] — Page 221

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed
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of the Coins are under that weight in a greater or less degree. The result is that although there light Coins are taken by artisans who receive their wages and small Salaries monthly as of full value, they find when they come to spend them that objections are raised by the Shopkeepers, and money changers, to the Coins not being of full value, and the unfortunate holders to whom any loss at all is a serious consideration are often mulcted five per cent.

By Charter Section 12) we are empowered with Your Excellency's sanction to issue Notes of One Dollar each, and my Directors are agreeable to undertake such an issue as it will in their opinion be a good, and a public measure, remedying the evils now described.

I would therefore crave Your Excellency's sanction to issue Notes payable to bearer on demand of One Dollar each. – I can see there can be no objections raised to such a Course except by money changers, and such like whose business will doubtless suffer,

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of the Coins are under that weight in a greater or less degree. The result is that although there light Coins are taken by artisans who receive their wages and small Salaries monthly as of full value, they find when they come to spend them that objections are raised by the Shopkeepers, and money changers, to the Coins not being of full value, and the unfortunate holders to whom any loss at all is a serious consideration are often mulcted five per cent. By Charter Section 12) we are empowered with Your Excellency's sanction to issue Notes of One Dollar each, and my Directors are agreeable to undertake such an issue as it will in their opinion be a good, and a public measure, remedying the evils now described. I would therefore crave Your Excellency's sanction to issue Notes payable to bearer on demand of One Dollar each. – I can see there can be no objections raised to such a Course except by money changers, and such like whose business will doubtless suffer,
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of the Coins are under that weight in a greater or lef degree._ the risult is that although there light Coins are taken by artisans who and the clapes · receive their wages and small Salaries monthly as of full value they find when they come bjections C them that spend are raised by the Ma live Shopkeepers, and money changers, to the Coms not being of full value, and the unfortunate holders to whom any loss at all is serious consideration are A often mulded five fer cent._ By ou as much مه Charter Section 12) C 210 we are empowered with Your Excellency's sanction to iqne Notes of One Dollar each, and my Directors are agreeable to undertake such an issue as it will in their opinion be a good, and in the evils now described. a public measure, remedy existing- I would therefore Weellency's as a bove Crave Your llency's sanction to issue Notes payable to bearer on demand of One Dollar each. – I can see there can be no raised to such far as objections a Course except by money changers, and such like whose business will doubtless euffer,
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of the Coins are under that weight in a greater or lef degree._ the risult is that although there light Coins

are taken by artisans

who

and the clapes

· receive

their

wages and small Salaries monthly as of full value they find when

they come

bjections

C

them that

spend are raised by the

Ma

live

Shopkeepers, and money changers, to the Coms not being of full value, and the unfortunate holders to whom any loss at all

is serious consideration are

A

often mulded

five fer cent._

By

ou

as

much

مه

Charter Section

12)

C

210

we are empowered with Your Excellency's sanction to iqne Notes of One Dollar each, and

my Directors are agreeable to

undertake such

an

issue as it

will in their opinion be a

good, and in the evils now

described.

a

public

measure, remedy

existing-

I would therefore

Weellency's

as a bove

Crave Your

llency's sanction to issue

Notes payable to bearer on demand

of One Dollar each. –

I can see there can be no raised to such

far as

objections

a Course except

by money changers, and such like whose business will doubtless euffer,

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