CO129-235 - Public Offices - 1887 — Page 134

Oct 1006 to the

31st Sept 1807,

and

the

do

James

Subsequent Years?

It is desirable to have the period

on which calculation is based

Certain

Years

196

for which

possible

SIR,

the

rate in Sterck

Storck

to the year for which

it

Convenient to fix the rate would be in cumbo

with Rashes.

A

about the

Estimates

Last

will be this, put into final

British Honduras

Clear,

form

before Ortther

In no Ajutor.

write auth

Explaining why.

RM 579

8.0.

3.9.

C O. 1039

Rate of Dollar and Rupee for 1887-8.

10 JAN 87,

131

TREASURY CHAMBERS,

17th January, 1887.

I am directed by the Lords Commissioners of Her Majesty's Treasury to acquaint you, for the information of Secretary of State for the Colonies,

that, in accordance with the arrangements in 1875 for the annual revision of the rate at which the Dollar is issued at Hong Kong, in the Straits Settlements, and on the China Station, for Imperial Service payable in this country in sterling, My Lords have caused the necessary calculations to be made of the average price of standard silver in the London market during the calendar year 1886 and of the corresponding value of the Mexican Dollar.

I am to inform you that, according to the terms of the above arrangement, the Dollar should be issued during the financial year 1887-8 at the rate of 3s. 4d. and that, according to the same mode of valuation, the rate of issue of the Rupee in the Colonies of Ceylon and Mauritius, and on the East Indian Station, for Imperial Services payable in this country in sterling, should be fixed at 1s. 5d.

My Lords desire me to add that the necessary instructions have been sent to the Treasury Chest Officers at Hong Kong, Straits Settlements, Ceylon, and Mauritius, for the adoption of the above rates as from the 1st of April next.

Under Secretary of State, Colonial Office.

R & S (21,276a) 50 1-87

I have the honour to be,

SIR,

Your obedient Servant,

Rewelber