CO129-182 - Governor Hennessy - 1878 [9-12] — Page 110

19

196

" is maintained". And

according who is to

to the Chartered mercantile Bank

of

India Condon & China "the

"Japanese Consul's letter of which

in main

Strait

you favoured me with a copy "seems strangely illogical throughout

must

"I hurt any deny the statement "therein that all the Banks here

"have poncised their support. The

oufre

u

remarks I made to the "Consult representative In Pitman,

were unfavourable to thes " introduction of the Japanese "Trade Dollar!"

I think, ottaman, it probable, however, that the Japaness found that the your own could not

compete with the

Trade Dollar A

Amerian

4 gr.

s-heavier,

6798

and so

pressed their Wade Dollar

upon us. They withdrew their

2009

*Made Dollar as

as the

Americans withdrew theirs.

and it seems to me that the

Explanation of thiers anxiety to push their coins, botter in the

case of the made dollar and in that of the You, mary be found

alluded to

in the fact t

4 Sir

Harry Parkes (3204 (8)

their mint, erected at an

that

profitabl

exormous cost, is not employed, the year not being current in the interior of Japan where an inconvertible paper currency still prevails.

I should be inclined, to