CO129-180 - Public Offices & Others - 1877 — Page 97

Trade Dollar although of slightly

greater value from being

leg

gal

tender

made a

under the order in

Council, provided it were

duly

authonzed by the Governor.

I am, however, to observe that

it is probable that the increases

cost of minta.

g

which has been

mposed, viz:- 1 1⁄2 p. c al San Francions.

9hiladephia

and 14 per cent

L

at

will have the effect of decreasing the importation of Trade Dollars

into China and the Straits Settlements

Their Lordships have, however, already stated, in the letter from

this department dated

92

5

th

Febru

ary

last, that They will offer no objection, if Lord Carnarvon deem

it expedient to authonge the Governor

of Hong Kong to take the necessary steps for declaring the Trade Dollar

of the United States to be legal Tender in that Colony, poor ded

that it be not less than 416 grams.

in weight, of 900 fineness.

But They

would invite Lord

Carnarvon's attention, before any such.

measure is finally

adopted to the

Reports received from the banks in

1895

with

1

regard to the difficulty

this

which

·