is likely to be ready to bear this expense :
the Hong Kong finances are in no condition to undertake experiments. Stick Lord Camaroon should invite the local Govt's Special attention to the paragraph at the bottom of page.
Lunde, but it will always be rather hard to get to the price of laying down. Italian lire are 4 a dollar in Hongkong, they might come in Italia to confer with the Calcutta mint to see if the article could be manufactured for sellers cheaper there than at Birmingham.
Hope the supply of Mexican dollars and other silver will be on hand. What will he do when an hundred dollars should fail, I think the silver market should appear such as to be favourable for making an experiment, I think the Straits Govt should be associated with Hongkong so as to make the risk larger.
Assuming such a coinage is not impossible, I do not feel altogether with M. Fremantle as to the inexpediency of resorting to other sources of supply besides Mexico; the Yen dollar must of course be put out of the question, in the face of the almost unanimous objections of the different Banks; but as both Trade dollar and Treasury exacerbate the difficulties & ills that would attend its introduction: the difference in value on the right side, if it was less than that of the Mexican dollar it would of course be one direction to debar the currency, but being its value is greater, it would only be likely to set into circulation if the trading world could import it from San Francisco cheaper than the Mexican via England from that continent.
I understand this is to a certain extent the case. The difference in value is 420: 416 nominally, it is said that in practice the Mexican dollar is unclean, tending to excess, so that the practical difference is less than 1 percent; & it appears the fact.
Much stress is laid on the words "equivalent rate" in the Order in Council.
Page 93
is likely to be ready to bear this expanse :
the Hong Kong finnels
cartly
are in no condition
to undertake experiments. Stick Lord
Camaroon should invite the local Govt s
Special attention to the paragraph at the
be rather he
Lunde, but t will always her
top off. has to the price of laying done. Italian liter
4 a dollar in Stongkong, they might come in talentia to pond with the Calcutta mint to see
if the artich could be manufactured for sollers & cheaper there than at Birmingham. H
the Expply of Mexican
other silver
hope themp un tehalfof What will he an hundr
Mollars should fail, Ithink the site a refourishin
market should appear such as tobe favourable for making an experiment, I think the Straits Got should be associated with Hongkong so estomake the attrigat
the risk.
ma
larger seek Hedinice
Assuming such a
Cornage the
impossible, I do not fo altogether with M-Fremantle
as to the incapediney of
My From Do
resorting to other sources of supply besides Mexico; the Yen dollar must of course.
R
93
be put out of the question, in the face of the almost manimons objections of the different Banks de; but as both Trade " dollar Ittick the Treasury exasperate.
the difficulties & wils that would attend it's introduction: the difference in value differance on the right side, 18. if was less than that of the Machin hollar it would of course be one oftere Grection to debar the Carrency but being
its valve
it greater takes it would only be likely to set-into circulation if the trading world could import it prom. San Francises chachen than the Mexican via England from that conten
4 Janderstand this is to a certain extent the case.
the the differance
then again, the
valerias
420: 416 nominally, it is said that in practice the Mexican hollar is uncom thes a tasting to excess, so that the practical difference in "boot me per cant; & it appears the foo
Less than
A
much stress is laid on the
words
the
Order in Council of Grivalent rate", it wre
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