CO129-182 - Governor Hennessy - 1878 [9-12] — Page 119

115

a

the Governor; the legislative action of Foreign government - by which the weight of Dollars issued by theat. Government,

བར་རང་གཡུང་བ་བྱང་ས་བགི་གྲྭ་གྲྭ་པའི་རྗེས་གནང་མཐོ་

were reduced frow 1120.

AVOND

"","LL,A-2

grains ( Shay), No 412.$3

13 grains-matinially sinterfered with the objet the Japasuese government hand in view, siz; establishing sein the Gar best, a Grade dollar of higher intrinsic value than the

Mexican dollar.

It has been represented to His Imporial Drajesty's government, by the Imanagers of both the Oriental Bank, and Hougkory and Shanghai Bank- - Japan, that it is unadvisable to

Grade dollars of 4,20

iia

continue

issuing grains, for there would be little chance

>

of Dollars of such high intrinsic value, getting into circulation at all, as such dollars, under

issued

2190

-existing circumstavsso, would be melted down as fast as they were inmed frous the Infinial Iniut. The difference betwine 1: 20 grains, and 1/1200 grains marly 2 per nut- offering a sufficient margin is itself

to admit of such with profit.

a Course

being followed

Muder these circunstances, the

Japanese government are compelled to aboudou their efforts towards extending the circulation of the Grade dollar, and to devote their endeavours in this

direction to the Japanese Slover your of 4/16 grains (Gray); a coins of thee

saue