amount will expire on the 31st of July next.
2. At the time when this fare was first conferred on the Bank, under Ord 41 of 1859, it was understood that the arrangement was finally temporary and that the increased demand for note circulation at Hong Kong would be relieved by the transference of the notes of the Bank then circulating in the Straits Settlements, upon the introduction in the latter place of a Colonial Note Issue. This understanding was, moreover, confirmed by the letter from the Acting Chamberlain at Hong Kong, dated the 8th July, 1878 - copy of which was sent to the Government of the Straits Settlements and recently furnished by them.
3. It appears from a return that the average circulation of currency notes for the month ending on 10 January last amounted to rather less than $6,000,000; which
amount will expire on the 31st of July
next.
2. At the time when this fare was first conferred unfor the Bank, under
Ord 41 of 1859, it was
understret
aganed by that the rangement was finely
temporary
and that
the increased demand
for note ciculation at Hay Ray- would be relieved by the trans
Нансову
frence of the not to that today
of the Bank then cimulating in the Straits Settlements, ufor the nitroduction
J C
in the latter place
colony / a Comment
Note Issue. This
305
under - standing
confined
was, more over,
by the letter four the Acting Channin at Hay Kay, datu the 8th July, 1878 - copy oferlich west affens
3.
esenclosed
from a retin
reantly femishes
the Government
by
of the Straits Sells that the amrage criculation, of Gas for
the month
amounted
correry notes / ansentro ending on i10 January last / to
rather less than $6,000, 000; which
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