CO129-265 - Public Offices & Others - 1894 — Page 527

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The same influences, on the

manufactures, on the old terms.

contrary, which encourage the development of manufacturing industry in Japan are tending to produce similer effects in

Mexico,

which is equally silver-using.

The prompt introduction of a British dollar appears, therefore, to be the only effectual remedy for the situation; and, as that project involves no radical change in the Colonial currency, but is designed only to supplement, and supply an admitted deficiency of, the present legal tender, this Association trusts that H.M.Government will see fit to

authorise the permissive coinage, at the Bombay mint, of a British dollar in accordance with the unanimously expressed

desire of the official and mercantile community of Hong Kong.

I have the honour to be,

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Your Lordship's obedient servant,

R

Hon.Sec.China Association.

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