CO129-312 - Acting Governor Major Gen Sir Gascoigne Governor Sir Blake - 1902 [7-9] — Page 20

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed
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19

C

the 31st January to be sent out as soon as convenient, but half of it was counter-ordered in a letter to the Crown Agents dated the 17th of May, so that the total ordered amounts to $1,875,000. The Treasurer expects that the bulk of the coin will be disposed of in the Autumn, and he proposes to keep only a comparatively small sum,

about $150,000, for China New Year. It is, therefore, hoped that interest in respect of coins will be payable for only a few months of the year. Such interest is at the rate of 5% per annum, and last year's profit on the coinage was $183,000 after the interest paid on overdrafts was deducted.

3.

Paragraph 6 of your Despatch has been noted, and I have caused to be communicated to the Officers concerned a copy of the 7th paragraph.

I have the honour to be,
Sir,
Your most obedient
Humble servant,
M. Gascoyne
Major-General,
Administering the Government.

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19 C the 31st January to be sent out as soon as convenient, but half of it was counter-ordered in a letter to the Crown Agents dated the 17th of May, so that the total ordered amounts to $1,875,000. The Treasurer expects that the bulk of the coin will be disposed of in the Autumn, and he proposes to keep only a comparatively small sum, about $150,000, for China New Year. It is, therefore, hoped that interest in respect of coins will be payable for only a few months of the year. Such interest is at the rate of 5% per annum, and last year's profit on the coinage was $183,000 after the interest paid on overdrafts was deducted. 3. Paragraph 6 of your Despatch has been noted, and I have caused to be communicated to the Officers concerned a copy of the 7th paragraph. I have the honour to be, Sir, Your most obedient Humble servant, M. Gascoyne Major-General, Administering the Government.
Baseline (Original)
19 C the 31st. January to be sent out as soon as convenient, but half of it was counter-ordered in a letter to the Crown Agents dated the 17th. of May, so that the total ordered amounts to $1,875,000. The Treasurer expects that the bulk of the cein will be disposed of in the Autuan, and he proposes to keep only a comparatively small sum. • about $150,000, for China New Year. It is, therefore, hoped that interest in respect of coins will be payable for only a few months of the year. Such interest is at the rate of 5% per annum, and last year's profit on the coinage was $183,000 after the interest paid en overdrafts was deducted. 3. Paragraph 6 of your Despatch has been noted, and I have caused to be communicated to the Officers concerned a copy of the 7th. paragraph. I have the honour to be, Sir, Your most obedient Humble servant, My Gascoyne Major-General, Administering the Government.
2026-06-01 10:29:21 · Baseline
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19

C

the 31st. January to be sent out as soon as convenient, but

half of it was counter-ordered in a letter to the Crown Agents

dated the 17th. of May, so that the total ordered amounts to

$1,875,000. The Treasurer expects that the bulk of the cein

will be disposed of in the Autuan, and he proposes to keep

only a comparatively small sum. •

about $150,000, for China New

Year. It is, therefore, hoped that interest in respect of

coins will be payable for only a few months of the year. Such

interest is at the rate of 5% per annum, and last year's

profit on the coinage was $183,000 after the interest paid en

overdrafts was deducted.

3.

Paragraph 6 of your Despatch has been

noted, and I have caused to be communicated to the Officers

concerned a copy of the 7th. paragraph.

I have the honour to be,

Sir,

Your most obedient

Humble servant,

My Gascoyne

Major-General,

Administering the Government.

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