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-by chopping. The Colonial Government appears to be of opinion that this evil
evil might
be remedied by legislation restricting the circulation to clean Dollars. Long experience haueact has
laught My Lords to doubt the efficacy of legislation of this character. Hongkong is little
More
than a suburb of
Canton, and as long as chopped
dollars are current in the
letter City, it will probably suit the convenience of Hongkong traders to accept
them
them; and
that care
in
They
will simply disregard
prohibitory ordinance.
Hongkong
The
and Shanghai bank.
My
found, as it appears to Foods, a method of meeting
the wants
of
the Co
a on mee
enity.
by the issue of dollar notes - There are, however, as the Secretary of State knows, valid objections to the issue of sinall" notes by
Bank which of I
by a
rits acon
course acts only for its
profit; and my Lords, after much consideration, came
the conclusion that the
to
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