289
f1 notes. The Government note should be smaller than the present one dollar note, so as to be distinguishable by its size at once from notes of other values. The best size will be about 6 x 3½ inches.
The notes should be printed in the safest manner known, on very durable paper. I cannot see why the Hongkong and Shanghai Bank should not, if it chooses, be allowed to continue its present issue of notes side by side with those of the Government.
The present inspection of the bank's bullion reserve being of course continued. The Government has met with much ready cooperation of all kinds from the Bank, and would like, moreover, about $1,500 a year to be set aside for the withdrawal of these notes. There should not be a note too many.
This, however, is a question of detail which does not affect my main suggestion.
6. The Government issue. I consider, would be advantageous if extended to at least $1,500,000. I have not the least doubt that the Colony with its increasing Chinese population will absorb quite as much as that.
289
f1 notes. The Government note
should we smaller than the
presen
one dollar note, so acts
by its more size, at once tinguishable from notes of : her valves. The best size
wit be about 6 x 3/21⁄2 inches.
6×3/1⁄2
er
Me
the
otes should be printed in
next and safest manner snoww, on very durable paper. I cannot see why the Bongsong and Shanghai Bank should not, if it chooses, be allowed to contiune its present issue if notes side by side
the Governore t
ith chose
of
The present inspection of the canks bullion reserve being of
Comed
course continued. The Gwennenr.
has met with much ready.
cooperation of all kinds from
the Bank, and would lve;
in
oreover, about $1,500 i
- year
ank note buty were
these notes withdrawn. There
not be a note too many.
witt
This, however, re a question & detail which doe not affect
my mam suggestivu.
6. The Government issue.
I consider, be advantageous.
night.
-ly cxtended to at least $1500,000.
hat the Colony with its increa= =eing Chinese popment wil
absorb quite as much as that
I have not the least doubt.
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