COPY.
Enclosure 2.
Government House,
Hongkong, 30th April, 1907.
Sir,
I have the honour to acknowledge your letter of the 22nd March informing me that in a conversation you had with the Viceroy on that date, His Excellency expressed his dissatisfaction at the reckless way in which subsidiary coins had been minted by the Provincial Mint and his intention not to allow any further manufacture of these coins for a period of 3 months so that time be allowed for investigation.
2. The decision to which His Excellency has come in this important matter affords me much satisfaction especially as I am convinced that the result of the Viceroy's investigation will be that the period for which the Canton Mint is to be closed for the manufacture of subsidiary coins will be extended until those that have already been opened become re-habilitated by more extended distribution and partial absorption. Undoubtedly the time when the subsidiary coins will no longer be at a discount is, owing to the vast stocks that have been put in circulation, remote but if further supplies from any source are rigidly excluded from the Two Kwang Provinces there is equally little doubt that this time must arrive.
3. As His Excellency is aware it is only rather more than a year ago that the value of subsidiary coins in relation to dollars began to fall heavily. Previous to that time, subsidiary coin, mainly imported from Hongkong, had been limited to what was required to meet the natural demands of the Provinces for ...
Britannic Majesty's Consul-General,
Canton.
14
.Y 300
COPY.
Enclosure 2.
REC
*)
Sir,
C. O.
16044
REGE 4 MAY 07;
Government House,
Hongxong, 3ri. April, 1907.
38
WY ST [aronsú za to acidrunid OC Bi
„andati „BVE w 10 (400rybist) re
譬
pel van med adik mõrvnada! Tence764 @ Jr Jki sjeje Of Tuonod
10th Rodnet wild to squecic sij to goileauu BJ) .çRLOJ
? The Hunn Jen !11 CA* *5491190** 2in acizavosti te JoeĻaua &
20180 (effregne dre la mi 18* 8891*009 and've Jaussit ein wen
*
Avind u foi tej i vol serse of tomandu om ontwatir bemeino
Clevite trece Blee up to fraid 10 tot 9813 wolle od RdJNOG
OJ¿HIRAJ Tougo Ald would I LAMPE: Aco ic aciJnetai ab cJ duneneve a' contine ter nad goneiinsta ein of Jue J1100 the suostuor menos metuwe werk of Tessay tende ti kai kfiieque do wote micas #lf were devoid test Jesi Esd
nozcant and ni yin8097
-ACIADA NI
2014- Jaebble of SALJune Plus* I
-14 10 6 ) eat #13 (50911ÄIKE NOT
deangast and arbei-
(copilene
C
I have the honour to acknowledge your letter
of the 22nd, March informing me that in a conversation you had with the Viceroy on that date, His Excellency expressed his dissatisfaction at the reckless way in which subsidiary coins had been minted by the Provincial Mint and his intention not to allow any further manufacture of these coins for a period of 3 #onths so that time be allowed for investigation.
2.
The decision to which His Excellency has
come in this important matter affords me much satisfaction especially as I am convinced that the result of the Viceroy's investigation will be that the period for which the Canton Mint
is to be closed for the manufacture of subsidiary coins will be extended until those that have already been opened become re- -habilitated by more extended distribution and partial absorption, Undoubtedly the time when the subsidiary coins will no longer be at a discount is, owing to the vast stocks that have been put in circulation, recote but if further supplies from any source are rigidly excluded from the Two Kwang Provinces there is equally
little doubt that this time must arrive.
3.
As His Excellency is aware it is only rather
more than a year ago that the value of subsidiary coins in
relation to dollars began to fall heavily. Previous to that time,
subsidiary coin, mainly imported from Hongkong, had been limited
to what was required to meet the natural demands of the Provinces
for
...*..* nødden we¡JJaĖ 114 is Britannic Majesty's Consul-General,
Canton.
No comments yet.
Private notes are available after approval.