CO129-365 - Governor Sir Lugard - 1910 [1-3] — Page 119

GIL

Istot attír to moifrogong Jude mladresas oð að teim qače Janit

*vt Bid foodtahmi 31 ti yaç of avad blnow fnbærtero? aẤt min

na raua gnixar of wolv a ft1" .tsq de antosedus sti to moldgeb-

- *traits

114

*quite sufficient to provide for deficiencies in the amount

"arising from loss, wear and tear, etc., and for any probable

"increase in the population after the currency has been put on

"a proper footing":

edt kort bentardo ad bivore muter a (a)

að ært akoodia to arenadowuq siderablemos IIa to vuaserT

sɗit zidarwraet¶ „merit vð beaurlaug atmroms and to hna Sne:JATAVOD

al bovani saw anotṛite fa to mura Istoð art to drag rental

-*urq ərid to aeren add bra

it a da settiðnaup eldwisblanoo

»due aut to emased żadw to noltsoibni smoɛ broths van #79aadio-

(a)

an attempt should be made to calculate the

probable face value of the Hongkong subcoin which has gone into

China or elsewhere out of the Colony. In this connection it

should be remembered that for many years Hongkong subcoin was

the favourite currency of the river valleys in Kuangsi to the

exclusion of Chinese subcoins.

bra (enentɗo bra meaqozuX) adnat lanaf ed? (d)

:beɛsdorug atoo-

od beclas erf biođa mtoodua gnofanol to ateblod 19ytal varito yna

(Phưð v₫ hizi diona arid to admemod-de Istým hitnos YİYTER

With these data an approximate estimate

sould be made of the amunt and the present distribution of

the Hongkong subcoin which it would be incumbent upon the

Government to redeem. Mr. May writing on the 27th. April,1907,

on this subject thought it highly probable that the amount

eds to Jostdra sits no wearf van vant zotðaldada vne dobe raidegot

intpodile groziyaof

arit mistresas où sham ad blvoda żqmojte na (0)

orld mot hørtupar aksodus grodanoï sad to suisr sost otmaizerąga

O# FFI# BOINS *** 20h. Tu cym

.motimiuqoq ads to aboen tab TISTO

to as a fadt berebianos at JI* -taedltw betomp svoda dotsqsed

sigma ed hinow antos Yiaibiadwa to atallob 20 arbixi 31 tuođa"

to bolteg a tot aaentand ■*vnefod asid to aðnemarkuper art rot"

ad blow rinna rəq 000,001$ Tehow to emet ne tært bus arser"

e tup

which might be expected to be finally returned on our hands

would come to the neighbourhood of 20 millions, an excess over

requirements of 18 millions.

II.

The next step would be to secure that, if

possible the redemption of subcoin should be spread over a series of years so that the financa of Goverment at any given time might not be seriously embarrassed by the operation. To

this end, when as much Hongkong subcoin as is usually held in

considerable amounts by banks, companies, merchants, etc., has

been