CO129-346 - Governor Sir Lugard - 1908 [1-3] — Page 103

would fulfil the same

as the discount has now

7

functions.

san fallen

"

[? dors Sirt Lugard mean by 5% or to 5-7%

in paragraph 3

of despatch things may right themselves

Chiese

cau

f

the

be got to refrain

from further comage

won't refrain, the pan withdrawal

If they

ote

√ of peasabh

For

by the Hongkong Comparatively sme

quantitres of Hongkong subsidiary

not meet the case.

? copy

x

to 7.0. Hask their Sir Hugard's

corns will

to support] proposals

to Chuma

at

173

Sur

Egrey showed see his way

to lathe any

xdestet d'Elgin wohangled it

Should

action in support of

H. Jack 19

at-once

3

Ses Para 21 & ONFIDENTIAL,

Hongkong.

nclosure 1

My Lord,

Government House,

101

Hongkong, 31st.January, 1908.

7927

Joe

D

IR 5 MAR 08)

07

With reference to Your Lordship's

Confidential Despatch of the 30th. of August last and to

previous correspondence on the subject of the rehabilita-

-tion of Hongkong Subsidiary Coins, I have the honour to

inform you that soon after my arrival in the Colony, I

appointed a representative Committee of leading Merchants

and Bankers in the Colony under the Chairmanship of the

Colonial Treasurer to enquire into the causes of the de-

-preciation of the subsidiary coinage, and to advise as to

what means can be taken, with due regard to the interests

of trade, to rehabilitate the coinage.

2.

I have now to transmit, for Your

·Lordship's consideration, the enclosed copies of the

Committee's report and of minutes in connection therewith,

and to state that with the advice of my Executive Council

I have decided to endeavour to obtain from the Chinese

RIGHT HONOURABLE

THE EARL OF ELGIN, K.G.,

&C • +

&c

&C...

Metropolitan