CO129-357 - Governor Sir Lugard - 1909 [7-9] — Page 609

5

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YOOP Y.

Enclosure 2.

C. O.

35645

RECE (Rec: 30 OCT 09

sir,

Hongkong General Chamber of

Commerce,

Hongkong, 27th. May, 1909.

600

6334 ITO to Annet sphelvetios of mært I

• BO\IA58 .01

antiostra auotatčnon sit eaoqura fort ob I

prost vllehatan smenar nettih birov angel sto" done *vo* 8 03

nuft yahlanoo I ns br noson disek to eitet oder ante emon Proile

Acle offlm elle to enre krevnov eitt aurren doek ahile to Murato

zad tsivad oh (opetella vigum að fomeo I vistes,quizamord

demo na bežiqob að žrdwirtevoð ei te takořilo da det dennena

*w beralampas Una Jif ader of bar nach embunga að dnan 6:2 03

zołów (to? motðareyton &ldr to stred ston eile to nabyhow enf

rts bubnotes så Low vetllosh VAVO SROUSHI

• New I

*

.T. (.88)

With reference to your letter of the 15th.

Apr11, 1909, No. 3641/1908 on the question of the proposed

introduction in this Colony of a Government Note Issue on the

lines of the system already adopted in the Straits Settlements

I have the honour to point out that the information now before

my Committee is not sufficient to enable them to form an opinion

as to the proposal and I would beg to be furnished with more

details so as to enable my Committee to go fully into the

question.

mare

The meat important points upon which my

Committee would like to be informed are:-

1.

2.

The general lines which it is proposed to adopt. The arrangements for exchanging Dollars into

,1% et ortoa Izimolot 7

Notes and vice versa.

Whether the Government will have their own

treasuries and staff for working the

issue.

3.

b.

If not what alterative system have they in

view.

To what extent do the Government estimate the

revenue of the Colony would benefit as

against the present tax on Bank Notes and

the data on which such estimate is based. My Committee, upon receipt of these fuller details, will then be in a position to express their views, on

the