CO129-265 - Public Offices & Others - 1894 — Page 40

COPY

Sir R. Meade BM. J. H. Guyther

37

خ و شاره

wy Dear Mr.Gether,

Dollar

Things no longer look well for the British

I enclose you copies of the telegraphic cor-

respondence between the India Office and the Calcutta

Mint.

At first they said they would coin at a

charge of one per cent naming $5,000,000 (5 million)

as the limit.

You will see by the later telegram that we

explained more clearly what we meant and they now re-

fuse tho' I gather they stand by an offer to coin

$5,000,000 (5 million) at one per cent

·

I do not know whether the Banks would be

willing to make a contract with the Calcutta Mint to take $5,000,000 (Five million) annually for any fixed

period.

I had a visit to-day from Mr.Noble of the HongKong and Shanghai Bank and I told him how the

matter stands.

It is useless to bring the subject before

Lord Herschell's Committee in its present state .

The Yen seems the only alternative

Yours sincerely

11 / 4 / 94

(Signed) R. H. MEADE.