CO129-344 - Public Offices & Foreign Office - 1907 — Page 386

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FOREIGN OFFICE,

July 4th, 1964 07.

260.

$98).

Sir:-

I transmit to you a copy of a letter from the Col-

onial Office respecting a suggestion by the Hongkong

Government that, in view of the acute currency crisis

at present existing in Canton and Hongkong, steps may be

taken to urge upon the Chinese Government its obliga-

tion under the Mackay Treaty to establish a proper

currency in China. The position of the currency

question seems to be as follows:-

In August 1905 Sir E. Satow was instructed to

bring before the Chinese Government the suggestion that

a silver dollar of uniform weight and fineness should

He was at the same time to point out

be instituted.

that such a measure need not necessarily inter

with the proposal to proceed concurrently with the

raform of the copper corrency,

that the question

whether

J. Jordan, K.C.M.G.,

&c., &c., &C.,

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