CO129-308 - Public Offices - 1901 — Page 480

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed
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delivered at the trend at the latter part that the third instalment of June and quarter of mille an ounces must be a of abunda delivered before the end of August. They to the Colony asking if draw for the necessary punda t pay for this silver at have telegraphed the the the required an dates a and the Colony has replied that they can do so, but it is clear from the last return of Bank Balances (XCR(85)72) that this will involve for some time to come a very considerable overdraft the thing, Shanghai Bank in which the Rob will be paying at least 4 pc. interest. It also appears from GR1178/1922/32(III) that of $5,000,000 worth of subsidiary coin ordered last bar nearly $2,000,000 were by the end of March lying idle in the Bank & I think that there is a great danger of our increasing unduly the amount of subsidiary coin lying idle to the Loss suggesting 1 telegraph that unless the amount of subsidiary coin shown by end in GR1178/1922/32(III) not at bhave got into circulation materially reduced by the End of May he should consider whether

(1)-31216-4000-6-1900 36518-8000-11-1900 the amount requisitioned for this bar should not be reduced. that he should telegraph his decision on this point early next month two inf. Agents asking them not to buy the second instalment of silver until the Governor's reply has been received.

Aug 17/5 I agree EiT CP2:17 at once

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delivered at the trend at the latter part that the third instalment of June and quarter of mille an ounces must be a of abunda delivered before the end of August. They to the Colony asking if draw for the necessary punda t pay for this silver at have telegraphed the the the required an dates a and the Colony has replied that they can do so, but it is clear from the last return of Bank Balances (XCR(85)72) that this will involve for some time to come a very considerable overdraft the thing, Shanghai Bank in which the Rob will be paying at least 4 pc. interest. It also appears from GR1178/1922/32(III) that of $5,000,000 worth of subsidiary coin ordered last bar nearly $2,000,000 were by the end of March lying idle in the Bank & I think that there is a great danger of our increasing unduly the amount of subsidiary coin lying idle to the Loss suggesting 1 telegraph that unless the amount of subsidiary coin shown by end in GR1178/1922/32(III) not at bhave got into circulation materially reduced by the End of May he should consider whether (1)-31216-4000-6-1900 36518-8000-11-1900 the amount requisitioned for this bar should not be reduced. that he should telegraph his decision on this point early next month two inf. Agents asking them not to buy the second instalment of silver until the Governor's reply has been received. Aug 17/5 I agree EiT CP2:17 at once Page 480 Page 481
Baseline (Original)
...... dilvered at the trend at the latter part that the third instalment of June and quarter of mille an ounces must be a of abunda delivered before the end of Angust. They to the Colony asking if draw for the necessary punda t pay for this silver at have telegraphed the the required an dates a and the Colony has replied that they can do so, but it is clear from the last retum of Bank Balances (16572) that this will involve for some time to come. very considerable overdraft the thing, Shanghai Bank in which the Eob will be paying at least 4 pc. interest. It also appears from 16592 that of $5,000,000 worth of subsidiary com ordered last bar nearly $2,000,000 were by the end of March bying idle in the Bank & I think that there is a great danger of our increasing unduly lying idle to the Lov suggesting the amount of subsidiary com 1 telegraph that unless the amount of mbsidiary coind shown by end in 16592 not at bhave got into arculation materially reduced by the End of May he should consider whether (1)-31216-4000-6-1900 36518-8000-11-1900 the amount requibitioned for this bar shd men! 475 not be reduced. that he should blegraph his decision on this point early men month two inf. Agents asking them not to buy the secard instalment. of silver until the Governor's reply has been received. gug 17/5 Jagree EiT CP2:17 at once Page 480Page 481
2026-06-01 05:06:15 · Baseline
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......

dilvered at the trend at the latter part that the third instalment

of June

and

quarter of mille an ounces must be

a

of abunda delivered before the end of Angust. They to the Colony asking if draw for the necessary punda t pay for this silver at

have telegraphed

the

the

required

an

dates

a

and the Colony has replied that they can do so, but it is clear from the last retum of Bank Balances (16572) that this

will involve for some time to come. very considerable overdraft

the thing, Shanghai Bank in which the Eob will be paying at least 4 pc. interest. It also appears from 16592 that of $5,000,000 worth of subsidiary com ordered last bar nearly $2,000,000 were by the end of March bying idle in the Bank & I think that there is a great danger of our increasing unduly

lying idle to the Lov suggesting

the amount of subsidiary com

1

telegraph

that unless the amount of mbsidiary coind shown by end in 16592 not at bhave got into arculation

materially reduced by the

End of May he should consider whether

(1)-31216-4000-6-1900

36518-8000-11-1900

the amount requibitioned for this bar shd

men!

475

not be reduced. that he should blegraph his decision on this point early men month

two inf. Agents asking them not to buy the secard instalment. of silver until the

Governor's reply has been received.

gug 17/5 Jagree EiT

CP2:17

at once

Page 480Page 481

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