Ireamry officer was to tender for
Supply; on 30th June he at once protested
against being called upon to tender.
In the face of these letters, it appears
to me almost ridiculous for Sir A. Kennedy to cope as he does in this despatch that
a week hot
he had a right to assume they
wanted by the Military authorities" the talk of "eventually disposing all that could be spared by sale to the H. & S. Bank"
It may be that the Treasurer did not bring to the notice of the Colony those this correspondence, but if so, why did not he or why does not Sir A. Kennedy say so ? island of trying to attribute the failure to supply, the Chest - to his unfortunate disputes with the
as to the price at which the dollar were sold, I do not quite understand What he means by "at exchange 4/32" :
20 Chalpieses or 10 ten cent pieces
or 20 5 cent pieces given to the banks in exchange for 1 dollar & I do not know what this
Shillings
pence or farthing have to do with it: perhaps it means that the coins were sold for a bill
on London at that rate, but if so, it is a case of mixing up 2 distinct transactions. it is impossible to say what the transaction was
without knowing what the rate of exchange
was at that time per Hong Kong dollar
If it was less than 4/32 at that
date, which I very much suspect these
subsidiary coins were actually issued at a premium
Sir A. Kennedy when he wrote them despatch had only received 10706, & not Lord Carnarvon's on 12581; perhaps
before writing to the Treasury,
we might wait for a further answer, which is pretty sure to be forthcoming.
YAR
This is all the more wise
We must wait for
8/1/77
125P1 and there if we remind him of the correspondence with the R.E. chief officer.
June
a reiterate the intention
that they
are not
to interfere
in the granted
the subsidiary coinage and "Thesauris supermit it
Page 180
Page 181
i
Ireamry officer was to tender for
a
Supply; on 30th June he at once protested
Bainst being called upon to tender.
In the face of these letters, it appears
to me almost ridiculous for Fir. A. Kennedy to cope as he does in this despatch that-
a
wek hot
he had a righer "t assume they
wanted by the Militan antiwitics" the talk of "eventually, disposing all that could be spared by sale to the It. & S. Bank"
It may be that the Treasurer did not bring to the notice ofthe Colskey those this correspondence, but if so, why did nothe Awhy does not Lir A. Kennedy say so ? island of trying to attribute the failure to supply, the Chest - to his unfortunate disputes with the,
gud by as to the price at which ther dollar were sold, I do not quite understand What he means by "at exchange 4/32" :
ھے
20 Chalpieses or 10 ton cent pieces
pieces input lobe infl
& General.
5
or 20 5 cent
given to the banks in exchange for I dollar &I do not know what thi
hat Shillings
pance of farthing have to do with it: perhaps it incans that the coins were sold for a bill
177
frandaction
on Poope at that rate, but it so, it is a case of mixing up 2 distind timeation. dit is impossible to say whattion propen, salesmwithout
as me, thestransaction was
knowing what the rate of exchange
was at that time per Hoy how dobier
than
If it was less them 4/3 = at that
date, which Ivery much inspect these
subsidiary coins were intually ismed at a premium
Fir A. Kennedy when he wrote them despatch had only received 10706, & not Lord Carnarvon's on 12581; perhaps
before writing to the Ireconry,
we might wait for a further answer, which infpretty save the forthcoming. YAR
This is alloy the ming
We must wait fun
8/1/77
125P1 and there if weerpong umind him of the commprodon with the I: chat officer.
June
a reiterate the intention
that they
me not
toipme
in the pranded
the subsidiary commange and "Thessims supermit it
Page 180Page 181
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