CO129-337 - Public Offices & Foreign Office - 1906 — Page 334

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

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CHENARD VIUBAHST

78 8

Juuton abrol sat exoled btal svad I

martol n'IIedqu0 .01 youanorî a'yeasta alk

#VLGJIDHe sur artw Jaal redmoɔ90 1306

"Thilderlesb sit to Joet

GBY TELICO newing a olde yd dram

ち

tool nt adt iwe en:0 al seu vot

tw bo8oIona stew doty

‚ontilu d138 eut to (resar)

an I ther

he erating a to zarow to $800 Bit

it hue l Tieten fun hadtoy sa or Jay Levof

GRGDIG WOOL 204 9.8.5% od bly?w face el delit Breeqys

& MALEAD AN to aulay to

al vedo wife Jede „statiner schm‚-\č je n9x«‡

probably less in India, My Lords see no reason to

doubt that the proposed charge of 2 per cent is a

reasonable one, and it appears from the later docu-

ments that the Banks are not likely to succeed in

getting a cheaper supply of an equally good coin from

Mexico.

On these grounds Their Lordships would suggest

the renewal of the agreement for coinage of British

Dollars by India at a seigniorage of 2 per cent.

With regard to the suggestion that the Royal

Mint might arrange to coin these dollars at any time

when the Bombay Mint is fully occupied with its own

work, I am to observe that the existing demands upon

the Mint accommodation do not leave sufficient margin

for undertaking any considerable share of a coinage

of this kind; besides which the rate of 2 per cent

would not cover the estimated cost. It may prove,

however, that for a charge of 2 per cent the Bombay

Mint would be able to meet all the requirements,

provided sufficient notice of demands is given by the

Banks.

sotto grow

The

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328 CHENARD VIUBAHST 78 8 Juuton abrol sat exoled btal svad I martol n'IIedqu0 .01 youanorî a'yeasta alk #VLGJIDHe sur artw Jaal redmoɔ90 1306 3 "Thilderlesb sit to Joet GBY TELICO newing a olde yd dram ち tool nt adt iwe en:0 al seu vot tw bo8oIona stew doty ‚ontilu d138 eut to (resar) an I ther he erating a to zarow to $800 Bit it hue l Tieten fun hadtoy sa or Jay Levof GRGDIG WOOL 204 9.8.5% od bly?w face el delit Breeqys & MALEAD AN to aulay to a al vedo wife Jede „statiner schm‚-\č je n9x«‡ probably less in India, My Lords see no reason to doubt that the proposed charge of 2 per cent is a reasonable one, and it appears from the later docu- ments that the Banks are not likely to succeed in getting a cheaper supply of an equally good coin from Mexico. On these grounds Their Lordships would suggest the renewal of the agreement for coinage of British Dollars by India at a seigniorage of 2 per cent. With regard to the suggestion that the Royal Mint might arrange to coin these dollars at any time when the Bombay Mint is fully occupied with its own work, I am to observe that the existing demands upon the Mint accommodation do not leave sufficient margin for undertaking any considerable share of a coinage of this kind; besides which the rate of 2 per cent would not cover the estimated cost. It may prove, however, that for a charge of 2 per cent the Bombay Mint would be able to meet all the requirements, provided sufficient notice of demands is given by the Banks. sotto grow The

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328 CHENARD VIUBAHST 78 8 Juuton abrol sat exoled btal svad I martol n'IIedqu0 .01 youanorî a'yeasta alk #VLGJIDHe sur artw Jaal redmoɔ90 1306 3 "Thilderlesb sit to Joet GBY TELICO newing a olde yd dram ち tool nt adt iwe en:0 al seu vot tw bo8oIona stew doty ‚ontilu d138 eut to (resar) an I ther <I he erating a to zarow to $800 Bit it hue l Tieten fun hadtoy sa or Jay Levof GRGDIG WOOL 204 9.8.5% od bly?w face el delit Breeqys & MALEAD AN to aulay to a al vedo wife Jede „statiner schm‚-\č je n9x«‡ probably less in India, My Lords see no reason to doubt that the proposed charge of 2 per cent is a reasonable one, and it appears from the later docu- ments that the Banks are not likely to succeed in getting a cheaper supply of an equally good coin from Mexico. On these grounds Their Lordships would suggest the renewal of the agreement for coinage of British Dollars by India at a seigniorage of 2 per cent. With regard to the suggestion that the Royal Mint might arrange to coin these dollars at any time when the Bombay Mint is fully occupied with its own work, I am to observe that the existing demands upon the Mint accommodation do not leave sufficient margin for undertaking any considerable share of a coinage of this kind; besides which the rate of 2 per cent would not cover the estimated cost. It may prove, however, that for a charge of 2 per cent the Bombay Mint would be able to meet all the requirements, provided sufficient notice of demands is given by the Banks. sotto grow The

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