CO129-340 - Governor Nathan Acting Governor May - 1907 [4-6] — Page 224

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

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expected to be finally returned on our hands would come to

the neighbourhood of twenty millions, an excess over

requirements of over eighteen millions.

No rehabilitation of currency in

such circumstances can possibly take place without ex-

penditure on the part of the Government and I therefore

submit for Your Lordship's consideration the following

suggestion.

At present this Government is

receiving in the collection of revenue the sum of about

$30,000 monthly in the form of subsidiary coin. This coin

is paid into the Bank on Government Account at its face

value and at the end of the month Government pays to the

Bank the difference between such value and the value at the

rate of the day.

This entails a regular expenditure

of something under $3,000 every month, and the subsidiary

coin so dealt with still remains available for circulation.

I propose therefore that in

future all such money collected be placed to credit of the

Treasury subsidiary coin stock account, and that when a

sufficient amount is so stored it should be sent home to be

disposed

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2026-06-04 08:02:12 · NVIDIA / meta/llama-4-maverick-17b-128e-instruct

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220 expected to be finally returned on our hands would come to the neighbourhood of twenty millions, an excess over requirements of over eighteen millions. No rehabilitation of currency in such circumstances can possibly take place without ex- penditure on the part of the Government and I therefore submit for Your Lordship's consideration the following suggestion. 5. At present this Government is receiving in the collection of revenue the sum of about $30,000 monthly in the form of subsidiary coin. This coin is paid into the Bank on Government Account at its face value and at the end of the month Government pays to the Bank the difference between such value and the value at the rate of the day. This entails a regular expenditure of something under $3,000 every month, and the subsidiary coin so dealt with still remains available for circulation. I propose therefore that in future all such money collected be placed to credit of the Treasury subsidiary coin stock account, and that when a sufficient amount is so stored it should be sent home to be disposed

Baseline (Original)

220 expected to be finally returned on our hands would come to the neighbourhood of twenty millions, an excess over requirements of over eighteen millions. No rehabilitation of currency in such circumstances can possibly take place without ex- -penditure on the part of the Government and I therefore submit for Your Lordship's consideration the following suggestion. 5. At present this Government is receiving in the collection of revenue the sum of about $30,000 monthly in the form of subsidiary coin. This coin is paid into the Bank on Government Account at its face value and at the end of the month Government pays to the Bank the difference between such value and the value at the rate of the day. This entails a regular expenditure of something under $3,000 every month, and the subsidiary coin so dealt with still remains available for circulation. I propose therefore that in future all such money collected be placed to credit of the Treasury subsidiary coin stock account, and that when a sufficient amount is so stored it should be sent home to be disposed

2026-06-04 08:02:12 · Baseline

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