CO129-365 - Governor Sir Lugard - 1910 [1-3] — Page 122

117

a od skooɗva aniqqiɗa no aaof add,bedada Clavatreng aa (dmi

To mollisd an ti zaklína 1 artte bra di notalt suormb

1

ま

BOMBİNAYNOS rot) ya no 958.*f at ̧stallob ozni si gatóternoo

od bluew 000,00,$£$ no navi əda Mat (nigten a walIM OF Sam

yď bentstɗo noul and to bulev den odd abrov zadto al .000,008,I§

-Ilava od bluow more mirë brum 000,008,0£* ad MĹNOW JuoMTISVOD

artw #rohloff Liwa to shawl sɗt nt stoodưa qu vnd of alda-

,000,000,82 zino bloď stamitsa avoda edt of vaihtoo08

"TOVSWON

-Iżawa 000,008,§§ od dvaja Viov edź ja jenotonerid,bluow #isiff

sbem alcodva to naoi sdt gaixirenomah no maol sit vavos of sida-

affedted. It would only be necessary to establish for the time

being a sub-department of the Treasury for the purchase of

Hongkong subcoin, while both merchants in their business and

the Government in collecting its revenue would adhere to the

established rules with regard to legal tender of coinage. The

redemption of subcoin would be an entirely independent trans-

-action: and the subcoin as redeemed would be demonetized, sold

or converted into dollars and used for payment of interest and

sinking fund on the loan made to Government by the large hold-

-878.

7.

As soon as it was considered safe to do so

.BTehlod swtai siit vd dnmeriava? adið að

ayral and ddiw atnererna erit an MOGH BÀ

.VI

sbar næði mɗý to mutav ten artý bus steigoo uend bar arebfof

of bernat ed bluow volvon a ‚esu to? eidellava scoed modir yð

prodynok wiɗ of betay/Iq naw dneEnrevoð sið daďð ósætte ent

blow moldavaloeb a Moira to toette en",**I* <08t ja mloodia

‚sular soat aðt of salt sono ta blnow młoɔdua ynoœ¬no? 3 art ad

dair a ad Jarit ja tdroh on bidow sreift .betatiliɗaster aɗď .s.i

$ud

Tinagent sta að akoodne snodaro? IIan od steblod flats to

Jari vill að +) has thee" od binov dein a jsem of about ails

ebladım binow rettan erit tevo ànemezlazs eft erit droɗe a tefta

nimær bluoda nżoodua to rehnet lamai aɗt to fimii Jm989ıq ANT

od don birow tinaół telloh art to erlev oft audó örta „bezasitor

a new and wholly different Hongkong Subsidiary Coinage would be

issued to take the place of the coins withdrawn. These new

subcoins would be of nickel, or some similar metal, and the

profit on issuing them would also be appropriated to the

subsidiary coinage loan account until the loans were finally

redeemed. It is probable that the profit on issuing a nickel

coinage would not be less than 50%: but on this point I have no

reliable information. As soon as the issue of new subcoin was

made, the old subcoins would be declared to be no longer legal

tender and would, therefore, bareceived only at the office

}

established for purchasing subcoin. Finally when it was held

that further redemption could properly be suspended, the pur-

-chase

.betsotta