CO129-310 - Acting Governor Major Gen Gascoigne - 1902 [1-4] — Page 147

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed
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No. 32.

700

Government House,

Hongkong, 23rd January,

143

MC

33349

Sir,

I have the honour to acknowledge the receipt of your Despatch No. 318 of the 26th September, 1901, enclosing copy of a letter from the General Post Office on the subject of the equivalent in Hongkong Currency of fifty centimes.

2. The Acting Postmaster-General points out that at the close of 1901 the rate of exchange did fall below the rate mentioned in the enclosure to your Despatch under acknowledgment. He adds that except with the object of safeguarding the Post Office against loss due to a continued drop in exchange there is no other reason why the suggestion made to fix the rate at 25 cents Mexican to 50 centimes may not be agreed to.

The Acting Colonial Treasurer points out that during the last few days the rate has almost touched 1/10 at which rate 50 centimes equals 21.645 cents or over 21¼ cents. But as 4 cents has been taken as the equivalent of one penny, whereas at the present rate of exchange one penny is equivalent to 4¼ cents, he considers that until the dollar drops

THE RIGHT HONOURABLE

JOSEPH CHAMBERLAIN, M.P.,

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No. 32. 700 Government House, Hongkong, 23rd January, 143 MC 33349 Sir, I have the honour to acknowledge the receipt of your Despatch No. 318 of the 26th September, 1901, enclosing copy of a letter from the General Post Office on the subject of the equivalent in Hongkong Currency of fifty centimes. 2. The Acting Postmaster-General points out that at the close of 1901 the rate of exchange did fall below the rate mentioned in the enclosure to your Despatch under acknowledgment. He adds that except with the object of safeguarding the Post Office against loss due to a continued drop in exchange there is no other reason why the suggestion made to fix the rate at 25 cents Mexican to 50 centimes may not be agreed to. The Acting Colonial Treasurer points out that during the last few days the rate has almost touched 1/10 at which rate 50 centimes equals 21.645 cents or over 21¼ cents. But as 4 cents has been taken as the equivalent of one penny, whereas at the present rate of exchange one penny is equivalent to 4¼ cents, he considers that until the dollar drops THE RIGHT HONOURABLE JOSEPH CHAMBERLAIN, M.P.,
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.... No. 32. 700 Government House, Hongkong, 23rd. January, 143 MC 33349 sir. I have the honour to acknowledge the receipt of your Despatch No. 318 of the 26th. September, 1901, ene losing copy of a letter from the General Post Office on the subject of the equivalent in Hongkong Currency of fifty o entimes. 2. The Acting Postmaster-General points out that at the close of 1901 the rate of exchange did fall below the rate mentioned in the enclosure to your Despatch under acknowledgment. He adds that except with the object of safe- guarding the Post Office against loss due to a continued drop in exchange there is no other reason why the suggestion made to fix the rate at 25 cents Mexican to 50 centimes may not be agreed to. The Acting Colonial Treasurer points out that during the last few days the rate has almost touched 1/10 at which rate 50 centimes equals 21'645 cents or over 21t cents. But as 4 cents has been taken as the equivalent of one penny, whereas at the present rate of exchange one penny is equivalent to 4a cents, he considers that until the dollar THE RIGHT HONOURABLE JOSEPH CHAMBERLAIN, M.P., &0.. drops
2026-06-01 07:37:10 · Baseline
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....

No. 32.

700

Government House,

Hongkong, 23rd. January,

143

MC

33349

sir.

I have the honour to acknowledge the

receipt of your Despatch No. 318 of the 26th. September, 1901,

ene losing copy of a letter from the General Post Office on

the subject of the equivalent in Hongkong Currency of fifty

o entimes.

2.

The Acting Postmaster-General points out

that at the close of 1901 the rate of exchange did fall below

the rate mentioned in the enclosure to your Despatch under

acknowledgment. He adds that except with the object of safe-

guarding the Post Office against loss due to a continued drop

in exchange there is no other reason why the suggestion made

to fix the rate at 25 cents Mexican to 50 centimes may not be

agreed to.

The Acting Colonial Treasurer points out that during the last few days the rate has almost touched 1/10

at which rate 50 centimes equals 21'645 cents or over 21t

cents. But as 4 cents has been taken as the equivalent of one

penny, whereas at the present rate of exchange one penny is

equivalent to 4a cents, he considers that until the dollar

THE RIGHT HONOURABLE

JOSEPH CHAMBERLAIN, M.P.,

&0..

drops

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