Sir,
کام بیدار
Enclosure
X/
Mr. J. J. Keswick to Governor of Hong-Kong.
C.O.
14800
RECR(85)72
Hong Kong,
7th July 1893.
355
In reply to Your Excellency's note of the 5th instant, I have the honour to inform you that I submitted it to the Directors of the Hong-Kong and Shanghai Bank at the Board Meeting which took place at noon today.
The Directors and Chief Manager were unanimously of opinion after a full discussion of the question that it is extremely desirable that the Japanese Yen should be made legal tender in Hong-Kong, in view not only of the fact that it is already current in the Colony and in the Straits Settlements, but also because there is a necessity to legalize it on account of the possible curtailment of the supply of Mexican Dollars.
The history of the Yen has thus far been entirely satisfactory as to uniformity of value for melting purposes, which recommends it to the Chinese who estimate it only by that standard; and the supply being maintained it will be an exceedingly useful addition to the "legal tender" of the Colony.
In reply to the enquiry in Your Excellency's note as to whether the Government should take any steps in regard to the Chinese Dollar and Subsidiary Coins the
5
Directors
Page 360
Page 361
:
Sir,
کام بیدار
Enclosure
X /
Mr. J. J. Keswick to Governor of Hong-Kong.
C.O.
14800
RECR (Red 29 'UC 9
Hong Kong,
7th July 1893.
355
In reply to Your Excellency's note of the 5th
instant, Thave the honour to inform you that I submitted
it to the Directors of the Hong-Kong and Shanghai Bank
at the Board Meeting which took place at noon today.
The Directors and Chief Manager were unanimous --
ly of opinion after a full discussion of the question
that it is extremely desirable that the Japanese Yen should
be made legal tender in Hong-Kong, in view not only of the
fact that it is already current in the Colony and in the
Straits Settlements, but also because there is a necessity
to legalize it on account of the possible curtailment of
the supply of Mexican Dollars.
The history of the Yen has thus far been entire-
ly satisfactory as to uniformity of value for melting
purposes, which recommends it to the Chinese who estimate it only by that standard; and the supply being maintained
it will be an exceedingly useful addition to the "legal
tender" of the Colony.
In reply to the enquiry in Your Excellency's
note as to whether the Government should take any steps
in regard to the Chinese Dollar and Subsidiary Coins the
5
Directors
Page 360Page 361
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