CO129-177 - Sir Kennedy Acting Governor Austin Lieut Governor Hennessy - 1877 [1-5] — Page 572

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though this is I believe the first time they have addressed the Government on the suvic. Frequently when such currency

is at a considerable discount some

such attempt has been made and resisted. The supply of Hongkong currency is much

larger

of

last

now

than it was suring the whole

year and no inconvenience is apparent. The stoppage of one branch of trade, of which the memorialists compexin is brought about by a Guild deciding

to

refuse, obstinately, to comply with the law and usage of the Colony and

endeavouring to pass it "par" dollars which

10.

are worth only 1 to 11/8" percent

dis count.

In conclusion I have the honor

to

to

570

express a hope that any legislation on Viis point be directed rather towards elevating than lowering the standard. of Dollars current in this Colony - the only British presession where such a currency is torerated! Recently, the "nanagers of alt the Banks and The Chamber of Commerce I had the honour of addressing, the Government

coinage of British Dollars,

the suggesting which suggestion

the consideration

Secretary of State

I venture to

поре

of

trav

forwarded for

stis Lordship The

for the bolonies.

that the

day is not dissunt

when only une hopped dollars will be the

legal currency of stonghong, damaged com their legitimate

and broken silver

position

value.

as

taking "Bullion" according to

I have & c

(Signed) st. H. helson.

Manager

marked.