CO129-221 - Governor Sir Bowen - 1885 [4-6] — Page 355

354

Mamer

suggested in Your

Lordship's despatoh 11.81

of

the 1st Treas

April ultimo; and that the

members

agree

with the enclosed

Report by the Treasurer. It is __

considered that, in the present -

state of the Colonial Finances, it would not be practicable to Keep required; but

the bullion reserve

that the public inconvenience felt will be, to a large degree, relieved by a constant supply of subsidiary silver coin.

2.

There is a

great

and

20962

Enclosure Dand May 1882

growing

not only

demand

for this coin in this Colony, but in

the neighbouring Empire of China . The Colonial Treasury. derives a small profit therefrom, while the diffusion, throughout this quarter of the world, of bearing the image and superscription of the Queen of Great Britain has a tendency to increase British

-

Coins

influence in a

manner.

a vr

very legitimate

Thus there will

be advantage to both Colonial

1.

growing

and