bills will disaffect under the boycott : but surely there will be brokerage under a system:
rates from Hong Kong to Calcutta.
4. If the P.& O. freight term for taking goods via Calcutta, could they not reduce it proportionately for direct times from England to H.K?
silver
uninsured
These points should be cleared up before offering the proposal. Have you any observations to make?
C.W.
(AF)87/1 [Under the Hong Kong Coinage Ordinance of 2 Feb. 75, there could be made a city mint.]
Im Jobuson.
We should be very glad of this double-eagle business for which the infinitesimal Commission we have recently charged is to remuneration, but I fear that the proposal could not be approved without further information - as between London & Calcutta roughly is only 1.75 per $100 and this is only arrived at by assuming that the Hong Kong & Shanghai Bank is doing this business for nothing and that the funds necessary to pay for the purchase of silver in London can be transferred from Hong Kong, free of cost.
I doubt that the Hong Kong & Shanghai Bank buys by far the greater part, if not the whole, of its silver in London through Brokers and on the spot terms, and that the money may first be laid down here. Moreover, you have better terms than we have reason to suppose that the Bank can purchase silver on any condition than we can, if as good, and a difference in the price would cause the assumed profit to disaffect.
But I hope that the Hong Kong & Shanghai Bank will be able to answer these criticisms.
15781.
Draft that in terms of above
сам
bills will disaffer under the bohored : but surely there with be brokerage a system:
afts from Hay Kany totalcutta.
4. If the P... G. farmable term for taking schon lott hay via Calcutta, could they not the vidund tigine proportionately forduable tims from England direct to H. Rog
silver
uncured
These founts should be cleared of before afferring the fushoral. Have
you any
An observations to mak?
C.W.
(AF) 87/h [Under the Hoy Kong Cominge Orderin
Guncil of 2 Fel. 75, there
Cours m.
Royal
be made city mulsion.
Im Jobuson.
We should
be
of
ole uliend very glad of thin boublesauce business for which the infiinternal Commission we have recently charged is to resumeration, but I fear that the proposal couch be approved without further information -
as between London &
"
He gain Culcutta ruffly is anly 176 per $100 and this is only arrived at by arcmuany that the thary Hary & Thanghai Baut
arccusing
610
is going bundechake this business for nothing and that the funds necessary
To pay for the purchase of siber in Laudan can be timesferred fram Hang Kang, free of cart.
I doubt hath
The Hary Harry &
Shanghaie Mounts buys by far the
peater part, if ush the whirl, of its silver in London through Berkers
auh
the
mony Opay frit
шика
be laid down here. Movou You
better terens
us reason to suppose that the Bank Can furchase Lileen an ang
finitionel than we can, if as good, and a difference
in the price would cause
the assuund profil belisaffear. But I hope that the Harry Hary fort.
be able to answer these criticisers. Нин сикини,
Tuto
шад
15781.
Dragh that in terms of above
1T
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