3. I agree with the opinion you express that it is not advisable to make any further extension of the Exceptional concession which you granted to the Stagkong Bank Shanghai, and I have to request that you will inform the Bank that H.M. Govt. are unable to assent to any further issue of these notes by the Banks.
4. The question of the issue by Government of notes of this denomination is at present under the consideration of H.M. Govt. in connection with the general question of the Currency of the Colony.
My despatch No. 21 of May 7, 1876.
Previous Paper: 20 April 19 No 3217
(Subject.) DESPATCH.
Remittances of Salaries through Crown Agents Requests early consideration of the subject and makes certain suggestions in favor of the Police force.
Mr. Meade.
(Minutes.)
I think the general answer to this despatch should be a reference to C.O. despatch nr 18 of 18 Feb, an expression of opinion that Lord Carnarvon cannot consent to further Concessions at the expense of the Colonial Revenue with the remark that it was with special reference to the Policemen who were sent out in 1867, whose salaries were then apparently inadvertently fixed in sterling money, that Lord Carnarvon had agreed to Civil servants under certain circumstances drawing part of their salaries.
3 .. agree with the opinion you express that it is not
advisable to make any
further extension of the
Exceptional concession which
you granted to the Stagkong
Bank
Shanghai,
and Thave to
request that you will inform tok there Backs that
It. M. God. are unable tassent to any further
isme of these notes by the Banks.
4,
Suspection
The fustion of t.
isme by Government of noter
of this denomination is
an
at present under the consideration
of HM. Govt. in connection with #. feutral question of the Carriicy of the Colony. It
My
mor. No.
miry 21.
Date.
1876. Reby 7:
previous Paper.
20
W run cr
tie ligents in inq april 19
0.
dong trong
No 3217
(Subject.)
DESPATCH.
C4
7 NAR
Remittances
ances of Salaries through Crown Agents
Requests early
Couri decation of the subject-
and makes certain suggestions in favor of the Police forow.
Mr. Meade.
(Minutes.)
1125.3 Ithink the general answer to
Marcanti
8964
Linate
fr
| | 76 - 3 & 8 439
this despatch should to a reference
ایا
to (.0. despatch nr 18 of 18 Feb, tan expression of opinion that Lord Camana
cannot consent to further Concession!
at the expense of the Colonial Recture
with the remark that it was with Special reference to the Policemen who were sent out in 1867, faton Calaries were then apparently inadvertantly fixed
in
sterling money, that Land Carnaron had agreed to Civil servants under certain
tircumstances drawing part oftheir saliries.
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