CO129-334 - Governor Nathan - 1906 [5-7] — Page 589

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9.

583

After carefully considering the question the Committee of

the Chamber are of opinion that the only course likely to influence

remedial measures is to communicate with the Chamber of Commerce at

Shanghai and Tientsin with a view to sending another joint Memorial to

the diplomatic Body at Peking urging that the Imperial Government should

again be called upon to carry out its treaty obligations, and by placing

all the mints under one control, produce a standard coinage for the

whole Empire and so do away with the over-production of subsidiary coin-

age for which the various Provincial Authorities are now responsible.

10. With regard to the suggested remely that British Subsi-

diary coin should be made legal tender up to any extent and that the

Government should pledge itself to redeem all such coins at par, the

Committee of this Chamber are altogether unable to endorse such a propo-

sal, nor can they as matters now stand see fhair way to make any repres-

entation to the Hongkong Government with regard to legislation.

I have #c..

sa.

Edbert A. Hewett

Chairman.

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