CO129-352 - Public Offices - 1908 — Page 26

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

Your Highness,

On July 9th, this Legation addressed a note to the Board, drawing attention to the unsatisfactory condition of the coinage in the Canton Province, owing to the unrestricted issue by the Provincial Authorities of subsidiary coins, and Mr. Carnegie was shortly afterwards verbally informed by the Tai Wu Pu that a telegram on the subject had been sent to the Viceroy at Canton.

The question is one which affects not only the Two Kuang Provinces but also Hongkong, and the efforts which have been made by the British Authorities to remedy the evil seem destined to be ineffectual without the cooperation of the Chinese Authorities at Canton.

In 1900 the Hongkong Government not only stopped the import of subsidiary coins when they began to fall to a discount, and it became obvious that the number of such coins exceeded the amount required for currency purposes, but sent further and shipped back to England $396,000 worth of Hongkong subsidiary coins to be melted and sold as bullion, at considerable loss.

Since that date all subsidiary coins received by Government as payment of Revenue, amounting to some $360,000 worth per annum, have been withdrawn from circulation

To His Highness Prince Ch'ing.

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Your Highness, On July 9th, this Legation addressed a note to the Board, drawing attention to the unsatisfactory condition of the coinage in the Canton Province, owing to the unrestricted issue by the Provincial Authorities of subsidiary coins, and Mr. Carnegie was shortly afterwards verbally informed by the Tai Wu Pu that a telegram on the subject had been sent to the Viceroy at Canton. The question is one which affects not only the Two Kuang Provinces but also Hongkong, and the efforts which have been made by the British Authorities to remedy the evil seem destined to be ineffectual without the cooperation of the Chinese Authorities at Canton. In 1900 the Hongkong Government not only stopped the import of subsidiary coins when they began to fall to a discount, and it became obvious that the number of such coins exceeded the amount required for currency purposes, but sent further and shipped back to England $396,000 worth of Hongkong subsidiary coins to be melted and sold as bullion, at considerable loss. Since that date all subsidiary coins received by Government as payment of Revenue, amounting to some $360,000 worth per annum, have been withdrawn from circulation To His Highness Prince Ch'ing.

Baseline (Original)

) Copery. Your Highness, 24489 REC $ £ 8 JUL 08. 22273 24 February 2003) On July 9th.,Ivon, this Legation addressed a Sate to the Board, draging attention to the unsatis- factory condition of the coinage in the Canton Province, owing to the unrestricted issue by the Provincial Author- ities of subsidiary coins, and Vr.Carnegie was shortly afterwards verbally informed by the Tal Wu Pu that a telegram on the subject had been sent to the Viceroy at Canton. The question is one which affects not only the Twe Kuang Provinces but also Hongkong, and the afforte which have bean made by the Pritish Authorities to remedy the evil sema dentined to be inoffsetual without the cooperation of the Chinese Authorities at Canton. In 1900 the Hongkong Government not only stopped the import of subsidiary coine when they began to fall to a discount, and it became obvious that the number of auch coine exceeded the amount required for currency purposes, but sent further and shipped back to England 50,396,000 worth of Hongkong subsidiary coins to be melted and sold as bullion, at considerable los5. Since that date all aubsidiary coins received by Government as payment of Revenue, amounting to some $360,000 worth per annum, have been withdrawn from Pis Highness Prince Ch'ing. etc. etc. etc.. circulation

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)

Copery.

Your Highness,

24489

REC

$ £ 8 JUL 08.

22273

February

2003)

On July 9th.,Ivon, this Legation addressed

a Sate to the Board, draging attention to the unsatis- factory condition of the coinage in the Canton Province, owing to the unrestricted issue by the Provincial Author- ities of subsidiary coins, and Vr.Carnegie was shortly afterwards verbally informed by the Tal Wu Pu that a telegram on the subject had been sent to the Viceroy at

Canton.

The question is one which affects not only the Twe Kuang Provinces but also Hongkong, and the afforte which have bean made by the Pritish Authorities to remedy

the evil sema dentined to be inoffsetual without the

cooperation of the Chinese Authorities at Canton.

In 1900 the Hongkong Government not only stopped

the import of subsidiary coine when they began to fall to a discount, and it became obvious that the number of auch

coine exceeded the amount required for currency purposes, but sent further and shipped back to England 50,396,000 worth of Hongkong subsidiary coins to be melted and sold

as bullion, at considerable los5.

Since that date all aubsidiary coins received

by Government as payment of Revenue, amounting to some

$360,000 worth per annum,

have been withdrawn from

Pis Highness Prince Ch'ing.

etc.

etc..

circulation

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