CO129-180 - Public Offices & Others - 1877 — Page 422

vers seem to be alicoot, a

xiêu necessity in China, in fact-

I hear

f

Bau Reis sendi

these even to Singapore in lage. qu

autities

2nd Sathing the question of The coinage of the Hong Kong dollar 1. be definitureby seated, as unpracticable, the question hinges on the desirability be establishing the Hong Kouf Mint or antlid in that peads

the British dominious, to y

make our colonies of Hory Rory

& the Straits settlements encore

independent

ཀ

leg

It has out of foreign currency.

bee

Remarked that

foreign coinage auswers all uirements, but there appears to be a very general feeling in that part of the East, that something

must be dove to place the entice Curreu question on a better badin thane exists at present, and it would of course be desirath that this should be brought about under British auspicia, and it is urged that British sufficiently in

- Portant

interests are en

412

00

important to give England reasonable right to coin her what t oww money and decide for herself what money she will accept & what

move the closing of the ellint reject

of Houg Mory is generally ensidered 4. have blew an error in judgment I presume how ever the elbring

-the Mint, only suspended! the powers granted in 1863,

and there could be resumed at

any lue

live, providing the Colony is prepared to find the trecessary flinds for the purpose.

Should it be eventically de

re-establish the Mint

cided to

it should not be on do small a scale as has been elsewhere suggested, fics, because a Mil u.quires

a certaine professional staff of high class officials, and

there a very small establishment could not support. Secondly. because a Ment must be off

sufficient capacity to meet sudden decuands for coinage without too much delay suitable Mint;

So treat á a

to arranged that it could be enlarged from time to time without difficulty, would require about £50.000 say Fifty Thousand pounds, for thedohingy

appliances