CO129-365 - Governor Sir Lugard - 1910 [1-3] — Page 140

135

jon trişim yent .galed eats ond not buisy teq et malt od antaa

VIASAT? adi aamo doldw ni

(ouisy tag toro of salt tidsforqui

ni ax¤ of olam yď Jitong a exam bivoo tebion eloa eit gated sa

.on ob zlejamifigel bivoo 22 Jeết tehtunes toa ob I tud „Hind

a nlæder of YUBBSTT srl not eidsalvbs od revswod hiươw :I

gnibneq,abson yonatwa janm of mi belimo dovone end to soitrog

ladrifogyɗi æo doliw,anks) mort moždišnaup dinert to witni erte

egentoo erið staðilidaden viitazuomet murid gutval .ni woIt Blvow

yonettuo erid wollm brus siiriwa dław of sidanlyba að blưow. 31

meid,seiro moît ni emos autoo art as tduch of .teed) daμlba ot

‚ktaya tmrooɛih ■ od List yllauberg xtev binow entoð gaONGCOF

erit no tmrcoalb aid of betamixʊngga smjoonih tart na book as bra

wiebnu! of Visanesan ad diyim #1 (on hib teve di ti) mob sɛsalɗo

-ong niaga fæeur:evon erit ¡nlags novo motšaraqo emen add e167-

ntoo est dałów of dieselb sis to Fraronum list and ed sale$IT-

Visua00en od binow noidaeqo brooes a doua terbart" „nellat bať!

"noll to Jussorie and to notast moralrus eft noqu ahaaqab jon "o

#kid #meld Kniɗit of benifant as I .antsö nt mortuo mkob gaod-

anismen #deratievo? scd #firenze .bazaregaze vitaety at troma

on aexiaat bua yakıldali wyts) on #tvent #i (benedi&tæ TIIodw

#

vitsen benlæner antos sit deft iners.qe escoed di medi .zegbolq

EURASTT SHoxgnoll add emit alɗarobianoa amon not auiry 180 da

.noi det imii Juodsiw raq da moober rodt biwow

BIɗssisɗeb ei aidT

• mol¿queber 70% arteɣST

at bied ad blow sbem ti Jitong esit

The immediate effect of this operation

would be to create a dual standard or measure of value; i.e. mil

small dealers would at once institute two sets of prices the

one in Hongkong and the other in Chinese Coins, and the British

Firms such as the Star Ferry and Tramway who receive large

quantities of small coins would do the same or accept only

Hongkong Coins, for these would have so distinct a value as

against the Chinese coins that they would no longer be tendered

or accepted as of practically the same value. This is the

desideratum. Once the dual measure of value is established, the

Chinese coin is ipso facto discriminated against, and assumes

a subordinate place and is no longer confused, as now, with the

legal tender of Hongkong. I have said that Hongkong coins would

no doubt begin to flow in and to slowly depreciate, but the

dual standard of payments having once been started would remain,

and as soon as it was endangered by the inflow of Hongkong

coins a similar operation could be undertaken.

II.

I come to my second object, viz.:" to dis-

-criminate against Chinese coins with a view to increasing the

disparity in value.

I have endeavoured to show that the sudden

>

rehabilitation of Hongkong Coins, would in itself operate to

discriminate against Chinese coins, but as I have already said

I