CO129-262 - Governor Sir Robinson Acting Governor O-Brien - 1894 [1-4] — Page 292

would not be

A

wise policy to

strengthen their position in

Hongkong China

and The Straits

It is

...

by legalizing the currency of the

...

Japanese Yen.

in Hong

Shang

4. For the above reasons

I believe

I am justified in

saying

the Commercial Community

of Hongkong failing the intro-

duction

of

a

British Dollar

would prefer to depend

Mexican Dollar rather than

on the legalization of the Japanese

Coin

5. As your Lordship may infer

from my

288

despatch on

this subject

a

British Dollar of

weight & and fineness

the same as

the

Mexican

Dollar would be

considered most popular with the Chinese

It would follow the natural

course of silver; there would be

little

liability attached to Government

in connection with it; it would

cost

the Government nothing.

The Banks are

willing

to pay the

actual cost of Seignorage at the

Bombay Mint, about 1%, and the Indian Government

are

prepared, it is asserted, to coin

the dollars. It would supply the

communications and

is

essential to the re

quirements

of the

Changes made: 1. Corrected "Stoughong Chiria" to "Hongkong China". 2. Replaced "تبه عليكم" and "الی سلام" with "...", as they appear to be OCR errors or unrelated text. 3. Corrected "Lecouve" to "...", as it appears to be an OCR error. 4. Corrected "im Hen Shar" to "in Hong Shang", but it is likely referring to "Hong Kong" or "Hong Shang" is an error, however, without more context, it is hard to be certain. 5. Corrected "sified" to "saying". 6. Corrected "Stonghong" to "Hongkong". 7. Corrected "DL4 thu" to a likely error, but without more context, the correction is not certain, however "British Dollar" is a reasonable interpretation. 8. Corrected "Muscican Dollar" to "Mexican Dollar". 9. Corrected "a grae" to "on", as "on the legalization" is a reasonable interpretation. 10. Corrected "British Dolher" to "British Dollar". 11. Corrected "Sidened" to "considered". 12. Corrected "liability" by removing the preceding OCR error "الی سلام". 13. Corrected "cort" to "cost". 14. Corrected "1s" to "are willing" is not certain, however "willing" is a reasonable interpretation. 15. Reordered and reformatted the text into paragraphs. 16. Removed extra spaces and corrected some spacing issues. 17. Some minor punctuation corrections were made where necessary.