CO129-186 - Public Offices & Others - 1879 — Page 142

139

Chould understand trial

tun

Such issue

are

to manage

of profit-

hot as a sonnée

as a Menus

but solely

for supplying the inhabitants of the Colony with a paper Currency convertible in all emergencies into silver, and becoming therefore the Pradow of the silver which in represents.

It may

indeed be the cause

Lorne

of expence at first. Buch theal- would be a slypt. drawback to sch against the benefit of finiily establishing the principle for which my

Londs contend.

As soon as the state hote

issue is firmly established

Silven

and accepted, my Lords will be ready to consider the question of investing a Centarie amount

of in Government sesurities; but they will always advise the greatest moderation fifing the proportione Before

to be so invested!

leaving the cabeesh, they

would draw the attention of the Secretary of State to the testimony fiven by thee Bankers, Traders and Professional men &

Hong Rony in them menconias enclosed in Wo Pope tennessy's despatch of

8th June 1877, to

بسال

the Verlie

of

the dollan notes

issired by the Hong Kong

and