advantage of your Government to seize favorable opportunities for making remittances to this Country, but it is the practice of the bullion market that all transactions should be made for ready money, so that it is thus necessary that the Brown Agents should be placed in funds previous to their purchase by them of bullion out of which any given supply of these coins are executed. When the consignment has been received on the Colony, the issue should be allowed to go into circulation dependent on the demand for them as token Coins.
Whereas the extent of the remittances from this country must be determined by the requirements of your Government within the Country, either with respect to the demand for further supplies of such coinage or for General purposes.
7. It is hardly necessary for me to observe that in placing such Coinage in circulation, a considerable responsibility is incurred unless such coinage is generally accepted at its nominal value, grave inconvenience is suffered by the community. You should therefore be at great pains to keep such coinage at par, while on the other hand it should guard against an Excessive ...
advantage of your Goo! to leige favorable opportunities for making remittances tithes
Country, but it is the practice
of the bullion market-that- all transactions should be
made for ready mancy mol that the
it is thus recessary
Brown Agents should be placed in funds previous both._
purchase by them ofter hellion out-of which any given supply of these coins are excented When the oce the consignment has bear
received on
the Colony thing inoue
should be allowed to go
into circulation should be
dependent
for them as
on the demand.
token
Coins,
Whereas
the extent of the remittances file this country must be
107
determined by
the
refuiteras
of your Government witten Country wither with respect to the demand for further Pusoplies of much collage or for General purposes.
a
7.
It is hardly necessary.
for me to observe that
Gott in placing in ther
Coinage in circulation
in cars a considerable
responsibility unless
such comage is sencrally accepted at its nominal value, grave
in convenience
is suffered by the community
Gou
And it should have love
be at great pains to
Keep much coinage at par. While autta the hand it thould guard against an Excessive
J
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