CO129-341 - Acting Governor May Governor Lugard - 1907 [7-10] — Page 186

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed
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184

a certain amount in any one year.

As the discount at present is

about 8 per centum the loss would on re-melting and sale

amount to only about 3 per centum at most, and such a

process would thus facilitate the re-establishment of the

currency.

4.

If Your Lordship agrees with the

above I would suggest that the limit be put at about one

million dollars nominal value per annum.

I have the honour to be,

My Lord,

Your Lordship's most obedient,

humble servant,

A. E. Kennedy

Officer Administering the Govern-

-ment.

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184 a certain amount in any one year. As the discount at present is about 8 per centum the loss would on re-melting and sale amount to only about 3 per centum at most, and such a process would thus facilitate the re-establishment of the currency. 4. If Your Lordship agrees with the above I would suggest that the limit be put at about one million dollars nominal value per annum. I have the honour to be, My Lord, Your Lordship's most obedient, humble servant, A. E. Kennedy Officer Administering the Govern- -ment.
Baseline (Original)
184 a certain amount in any one year. As the discount at present is about 8 per centum the loss would on re-melting and sale amount to only about 3 per centum at most, and such a process would thus facilitate the re-establishment of the currency. 4. If Your Lordship agrees with the above I would suggest that the limit be put at about one million dollars nominal value per annum. I have the honour to be, My Lord, Your Lordship's most obedient, humble servant, Amen Officer Administering the Govern- -nent.
2026-06-04 22:20:59 · Baseline
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184

a certain amount in any one year.

As the discount at present is

about 8 per centum the loss would on re-melting and sale

amount to only about 3 per centum at most, and such a

process would thus facilitate the re-establishment of the

currency.

4.

If Your Lordship agrees with the

above I would suggest that the limit be put at about one

million dollars nominal value per annum.

I have the honour to be,

My Lord,

Your Lordship's most obedient,

humble servant,

Amen

Officer Administering the Govern-

-nent.

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