CO129-212 - Governor Sir Bowen - 1883 [10-11] — Page 276

271

agrees

continue its present issue, with Mr. Marsh in thinking

thinking that

. this Government should issue, over

and above the $226,000 now in

circulation, a sufficient number to

meet the local demand. Mr Lister

gives also, in some detail, the plan which he thinks should be followed, and the number of notes which the Government should issue. I commend his minute to Your Lordship's particular consideration. But,

personally,

I am

Am Aware

of the

objections that may be raised to a

Colonial

Colonial Government, - circumstanced as is that of Hongkong- undertaking The issue of notes.

6.

I am not at present

prepared to submit any definite

scheme for Your Lordship's consideration; but, unless I should

receive

of

by telegraph Your disapproval

. that course

of action, I will lay

the matter before the Colonial Legislature during its approaching Session; and will report, at an

early period, the result of the deliberations of that body, whi

271

agrees to continue its present issue, with Mr. Marsh in thinking that this Government should issue, over and above the $226,000 now in circulation, a sufficient number to meet the local demand. Mr Lister gives also, in some detail, the plan which he thinks should be followed, and the number of notes which the Government should issue. I commend his minute to Your Lordship's particular consideration. But, personally, I am aware of the objections that may be raised to a Colonial Government, - circumstanced as is that of Hongkong - undertaking the issue of notes.

6.

I am not at present prepared to submit any definite scheme for Your Lordship's consideration; but, unless I should receive by telegraph Your disapproval of that course of action, I will lay the matter before the Colonial Legislature during its approaching Session; and will report, at an early period, the result of the deliberations of that body, which...

271

agrees to continue its present issue, with Mr. Marsh in thinking that this Government should issue, over and above the $226,000 now in circulation, a sufficient number to meet the local demand. Mr Lister gives also, in some detail, the plan which he thinks should be followed, and the number of notes which the Government should issue. I commend his minute to Your Lordship's particular consideration. But, personally, I am aware of the objections that may be raised to a Colonial Government, - circumstanced as is that of Hongkong - undertaking the issue of notes.

6.

I am not at present prepared to submit any definite scheme for Your Lordship's consideration; but, unless I should receive by telegraph Your disapproval of that course of action, I will lay the matter before the Colonial Legislature during its approaching Session; and will report, at an early period, the result of the deliberations of that body, which...