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Elgin proposes
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No.
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1906
Shery
previous Paper.
HONG KONG
(Subject.)
IREC
566
DESPATCHI
C O
31358
IREC 24 AUC 06
disposal of Surplus Sulloidiary borin
な
CA
N cent.
this letter
refr
at Sing
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order that
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The fover
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to Sir m.
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In a
a
4
BPL
for the asto
>
no action.
cat n
be taken beyond
laying down that Colony will not again engorge supply thina with coins at their face value:
(Minutes.)
Afy cree ara
Elec on the m
Company 13-Sept
Alla Cafy
|ā 3 910–33.500—25000-13-55
subsequent Paper.
31746
Mr. Lucas
The H.K. Govt. have been making a large pro-
fit on their subsidiary coins supplied to China in
recent years, and the coins are now coming home to
roost. They have at any rate had the interest o
on the profit, though they may have to pay back most
of the capital profit so to speak. They must ma e the
best they can of the situation it is lucky they havê
- and I don't
Sir M.Nathan there to grapple with it
thing we need make any cosons at present. Ack. receipt,
say that a copy has been sent to the F.C., and add
that the S. of 5. appreciates the reasons why he did
not immediately realize the gravity of the situation.
Send a copy to P.0. ( they have had much corresp. about
the over-production of subsialary coins by local mints
in China; our Minister is quite aware of the situation
No comments yet.
Private notes are available after approval.