174.
No.
Hongkong.
C. O. C.0.
537
1654
Goverment House
Hongkong, 2nd. April, 1903.
gir,
·losure 1.
bruary
I have the honour to transmit for your
,information the enclosed copy of a letter from the Chamber of
Commerce regarding the proposal to fix a rate of Exchange
between Gold and Silver, and so relieve trade in this Colony
from the difficulties and embarrasments caused by the
fluctuations in their relative value. As stated in the letter,
a majority of the Chamber have at a recent meeting adopted
the following Resolution.- "That in the opinion of this
"Meeting it is desirable the Straits Currency Commission
should extend its enquiries to Hongkong with a view to
'ascertaining whether reform of the Colony's Currency Arrange-
'ments is advisable".
2.
I laid the letter from the Chamber of
Commerce with the Resolution therein contained before my
Executive Council, and was advised by a majority that it
would be well to have a Commission appointed to enquire into
the Currency question so far as it affected Hongkong, but
that such a Commission should be separate and distinct from
that appointed to enquire into the question in Singapore. The
Council offered no opinion on the ultimate question as to THE RIGHT HONOURABLE
JOSEPH CHAMBERLAIN, M.P.,
&C...
&C. +
whether
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