289
Specie Banks to be established
of
the
scheme using
vast British Trade in these
countries, and it
Is it
recently that it has been known
in Shanghai
would. it is believed
add largely
to British Prestige.
If Your Lordship asks
why these arguments did not
occur earlier to the
commercial
and Banking communities of
Hongkong, I would reply that
it was proposed some time
ago,
about 10 months,
and they are perhaps deterred by the
results of the Indian
Silver policy were
felt in this Colony, Singapore and
Penang.
7. There is another point also
to which I should refer, and
that is that if the Japanese
Yen were legalized here, their
subsidiary coinage would
doubtless soon be accepted and
that the Government would thus be
deprived of a profitable source
of Revenue.
It is more than a matter of speculation,
it is an actual fact.
I have the
honour to be,
Your Lordship's obedient servant,
[Signature]
289
Specie Banks to be established
of
the
scher usin
using.
vast British Trade in there
countries, and it
Is it
recently that it has been known
in Stoughong
would. it is believed
add largely
quere
that I apaner
6. I
why these
to British Prestige.
If Your Lordship arks
arguments did not
occur earlier to the
commercial
and Banking communities of
Hongkong. I would reply that
it
was proposed some lixe
when
mouths a
ago
10
Deckels m
A
they are pertures & underts D. Am th
dise of the subu
there the
legalize the Japanese
You the results of the Indian
Silver policy were
more
jom
Jug
in this Colony Singapore and
Pe
enang were contemplated
7. There is another point also
to which I should for refer, and
that is that if the Japanese
Ie have Yen were legalized here, their
bsidiary corriage would
doubtless soon be as
accepted and
that the Government would thus be
deprived of a profitable source.
this
Chappening
The res are sh
Thank
actual fact
Q.1
they
amati.
of Revenue
are now.
and that it is only quite
If the en
matter of speculation than an
I have the
recently
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