CO129-265 - Public Offices & Others - 1894 — Page 435

427

Extract from Overland China Marks.

"dated Hongkong, 7th Dec 9 595

Pef 10 AL 94

The Currency Question. In connection with the fall of silver and the scarcity of the circulating medium, in Hongkong and elsewhere in the East, it is probable, unless the Japancare yen is made legal tender, that action will shortly be taken in the direction of the coinage of a British dollar. I understand that some of.

e of the Banks are in favour of this step, and that they have arrived at their conclusion in consequence of the lengthened period during which the Mexican exchange has been unable to adapt itself to the fall in the price of silver. Should

any application be received by the Lovernment any of the Banks in Stongkong, urging

the cornage and introduction into the Colony of a British dollar, influence with the Home Lovernment

from

I will use all

in support of that request.

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