CO129-181 - Governor Hennessy - 1878 [1-8] — Page 219

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be

(from which This Excellency may enabled to judge of the capabilities and merits of the above mentioned institution); I am induced to move His Excellency to be pleased to authorize the recognition

· of the Japan Trade dollar as a

tender in this Colony.

In

legal

making this request,

would submit that I am not without

precedent elsewhere, for it is but a

few

years since the Government of the

Straits Settlements were

declare the Japan

pleased to

Silver

Yen

issued by

the Imperial Japanese Mint a legal

tender in those settlements; likewise the -Chinese Authorities in the adjacent provinces of Kwangtung and Jotien.

What the t

have

officially recognized that coin.

The Japanese silver

your.

thus acknowledged by the neighbouring British Colony, and Whinese provinces, had a standard weight of 416 grains choy,

or a

weight equal to that of the old Hongkong dollar, and of slightly greater standard weight than the oMexican dollar. Subsequently, when a Foreign Government decided to issue a

dollar

of a

Trade

a standard weight of 420

graines Droy; the Japanese Government

were disinclined to allow their coins to

- be inferior to similar coins issued by

other Governments either as ·regards. fineness or weight, therefore the issue

of Silver Yen from the Imperial