Government House,
Hong Kong, 24 April, 1899.
Sir,
I have the honour to report that my predecessor Major-General Black, C.B., caused the Government of India to be addressed on the subject of the execution in India of supplies of subsidiary coin for this Government.
2. A copy of the correspondence is enclosed for your consideration, together with a schedule showing the comparative cost to this Colony of obtaining subsidiary coins from England and India respectively.
3. The Peninsular and Oriental Steam Navigation Company has consented to accept through shipments of treasure from London to Hong Kong via Calcutta on Red Bills of Lading covering all insurable risks, freight and insurance at 7/8 per cent, and I have authorised the Acting Treasurer to accept this offer conditionally on the Government desiring to act upon it.
4. You will observe that the schedule mentioned in paragraph 2 above shows that the charges payable by Government under the scheme now presented are less by 2.95 per cent than those paid under the existing arrangement. Assuming that $3,000,000 worth of subsidiary coin is annually received,
Right Honourable JOSEPH CHAMBERLAIN, M.P.,
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REGD 20 MAY 19
101.
Government House,
HongKong, 24
April, 1899.
sir,
611
I have the honour to report that my prede --
cessor Major-General Black, C.B.,caused the Government of In-
dia to be addressed on the subject of the execution in India
of supplies of subsidiary coin for this Government.
2. A copy of the correspondence is enclo-
sed for your consideration, together with a schedule showing
6-98+12-8-98. ol:3.
1-99.
of cactos to Messrs
Abell 191
the comparative cost to this Colony of obtaining subsidiary
coins from England and India respectively.
3. The Peninsular and Oriental Steam Na-
vigation Company has consented to accept through shipments of
treasure from London to HongKong via Calcutta on Red Bills of Lading covering all insurable risks, freight and insurance at 7/8 per cent, and I have authorised the Acting Treasurer to
accept this offer conditionally on the Government desiring to
act upon it.
4.
You will observe that the schedule
mentioned in paragraph 2 above shows that the charges payable by Government under the scheme now presented are less by 295
per cent than those paid under the existing arragement. suming that $ 3,000,000 worth of subsidiary coin is annually
received,
As-
Right Honourable
JOSEPH CHAMBERLAIN, M. P.,
Ka
fe
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