CO129-338 - Public Offices & Others - 1906 — Page 507

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

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other coinage except that of the Colony.

The Board have instructed their Manager to try and

arrange with some of the largest recipients to act as His

Excellency suggests, but they fear that not only is there

likely to be delay in such a course, whereas the matter is

pressing, but also that such a movement may be unsuccessful

owing to the difficulty of obtaining united action.

The Board, therefore, respectfully submit to your

Lordship that it would be possible

(a). For the Hongkong Government to make such coinage

illegal and to abolish it in a similar way to that

which the British Government adopted some years ago

in getting rid of the Continental copper coinage

which was tendered to so great an extent in the

United Kingdom,

and

(b).

In any case for the Hongkong Government to give

instructions to their officials not to tender

Chinese money in change for Hongkong coinage.

In conclusion, the Board venture to trouble your

Lordship further by showing how hardly the matter operates on

this Company.

For the year ended the 31st December, 1905, the

Company's total receipts in Hongkong amounted to £25,931, and

of that amount it lost £486 through being obliged to sell the

silver coins at a discount, a loss of nearly 2%.

For the four months ended 30th April, 1906,

the

The Rt. Hon. The Earl of Elgin.

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2026-06-03 11:06:53 · NVIDIA / meta/llama-4-maverick-17b-128e-instruct

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www. 3 - 502 other coinage except that of the Colony. The Board have instructed their Manager to try and arrange with some of the largest recipients to act as His Excellency suggests, but they fear that not only is there likely to be delay in such a course, whereas the matter is pressing, but also that such a movement may be unsuccessful owing to the difficulty of obtaining united action. The Board, therefore, respectfully submit to your Lordship that it would be possible (a). For the Hongkong Government to make such coinage illegal and to abolish it in a similar way to that which the British Government adopted some years ago in getting rid of the Continental copper coinage which was tendered to so great an extent in the United Kingdom, and (b). In any case for the Hongkong Government to give instructions to their officials not to tender Chinese money in change for Hongkong coinage. In conclusion, the Board venture to trouble your Lordship further by showing how hardly the matter operates on this Company. For the year ended the 31st December, 1905, the Company's total receipts in Hongkong amounted to £25,931, and of that amount it lost £486 through being obliged to sell the silver coins at a discount, a loss of nearly 2%. For the four months ended 30th April, 1906, the The Rt. Hon. The Earl of Elgin.

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1 www. 3 - 502 other coinage except that of the Colony. The Board have instructed their Manager to try and arrange with some of the largest recipients to act as His Excellency suggests, but they fear that not only is there likely to be delay in such a course, whereas the matter is pressing, but also that such a movement may be unsuccessful owing to the difficulty of obtaining united action. The Board, therefore, respectfully submit to your Lordship that it would be possible (a). For the Hongkong Goverment to make such coinage illegal and to abolish it in a similar way to that which the British Government adopted some years ago in getting rid of the Continental copper coinage which was tendered to so great an extent in the United Kingdom, and (b). In any case for the Hongkong Government to give instructions to their officials not to tender Chinese money in change for Hongkong coinage. In conclusion, the Board venture to trouble your Lordship further by showing how hardly the matter operates on this Company. For the year ended the 31st December, 1905, the Company's total receipts in Hongkong amounted to £25,931, and of that amount it lost £486 through being obliged to sell the silver coins at a discount, a loss of nearly 2%. For the four months ended 30th April, 1906, the The Rt. Hon. The Earl of Elgin.

2026-06-03 11:06:53 · Baseline

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