CO129-346 - Governor Sir Lugard - 1908 [1-3] — Page 104

曾

:

Enclosure 2. Enclosure 3.

102

Metropolitan and Provincial Authorities an undertaking

that the manufacture and issue of subsidiary coins by the

Authorities in the Two Kwang Provinces will be discontinued

until the coins reach par; that thereafter the manufacture

and issue will be limited to actual requirements of the

currency and to such quantities as will prevent the coins

again falling to a discount; and that at the same time the

influx of the subsidiary coins of other Provinces of China

into the Two Kwang will be prevented.

With this object in view I have

addressed His Majesty's Minister at Peking and His Majestys

Consul-General at canton in letters,copies of which are

enclosed, and I have to request that Your Lordship will be

good enough to move His Majesty's Minister for Foreign

Affairs to lend his support to my proposals.

3.

If the Chinese Authorities give

and act up to the undertaking required of them, without

which the steps hitherto taken by this Government for the

rehabilitation of its subsidiary coinage will be in-

-effective, further action on the part of this Government

in the direction suggested by the majority of the Con-

-mittee will in my opinion be unnecessary seeing that the

discount both on Hongkong and on Canton subsidiary coins has

already