CO129-301 - Governor Sir Blake - 1900 [9-12] — Page 437

British dollar seems

advancing

farsen, #

21000, 000 tover hav's been

harry

comid at the Indian Mints in 1898

to the proposed to

and 18

15?) be

the Br. doller at the H.K_ alleat, it affers infiobable that the Banks Ifans would consent unless the same

I

are

charge of Han K. 489.. Hang

fr cent is made as is made under the present agreement beteveen the Banks and the Judian Gar

2

be doubted whether

and it

would

would

Krefter

arranged

in hude

的

of dollars alou at that s the running follate pay. As to the subsidiary comis it

in the Mint report for 1899 that the amount comid

hearly $4,000, 000g langer

is reportere

tha

Year was

than

year

The aman

Kurious reminition for last yen but the Garna that there's

a

$5,150, ᏧᏛ ; nant's reporte

feral colony such

con at present the that it might not be safe

a

the

at annual demand

or

scale of the last bus years ruffly Ask whether of this It it is

established it would

sin to this ный

Lordship preferable to contine

the

the

present system when the Colonial

own selves and comis it

Go buys its

for subsidion can foreinculation

whether the Banks should

silver for

their own

A

to lift to bring fixed seigniorage; and.

so, at what seignage should be charged.

35007) Tell Treas.

oo Straits.

what we

we are

Jo

14.390

10070

sir,

foxt

40246

AREG TO DEL 00

Government House,

Hongkong,

9th

November, 1900.

With reference to your despatch No.141

of 16th.May and No.195 of 22nd.June 1900, on the subject of

the supply of subsidiary coinage for this Government, I have the honour to inform you that I have with the assistance of

my Executive Council considered the question as to the desir-

ability of re-establishing a Mint in this Colony, by which a

regular supply of dollars and subsidiary coin might be insur

ed

2. I attach letters on the subject from

the Acting Manager of the HongKong and Shanghai Bank, the Man-

agers of the Mercantile Bank of India, and the Chartered Bank

of India, Australia, and China, and a memorandum from Mr.Chater

C.M.G., the Senior Unofficial member of Council.

21900.

.உ.

1900

il: 3.

-1900.

lib.

-1900.

3. Much inconvenience and serious loss

to the revenue have been experienced from time to time in

consequence of being unable to obtain supplies of subsidiar

colns at the moment when they are needed. Our small coins

are taken in large quantities into China where they are appar –

ently used in the Arts, as very few return. A considerable Right Honourable

miting Dft.

at

84-95/3

JOSEPH CHAMBERLAIN, M. P.

80..

80..

pro-

435