CO129-365 - Governor Sir Lugard - 1910 [1-3] — Page 143

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

138

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it may be named in the Ordinance. The profession of a Banker

may for the purpose of the Ordinance be included as one exist-

-ing for the purpose of putting money into circulation. Money-

-changers may also be so included with perhaps a proviso allow-

-ing the latter to hold sufficient stocks to furnish Chinese

coins to any bona fide returning emigrant who has a certificate

from the Registrar-General, but probably such business would be

better relegated to Canton and Chinese Ports. Chinese Subsidiary

Coin received in transit for Chinese Forts, in sealed cases

can be placed (like Liquor in transit) in a bonded warehouse,

and would not be prohibited. This would give the Chinese Bankers

the opportunity they are said to desire of imforming the Mint

that as the possession of such stocks would render them liable

to have the whole lot confiscated they could not undertake to

receice them. This would strike a very effective blow at the

importation of Chinese Coin in bulk, and would so discriminate

against it that it would become discredited by the Chinese. It

sould not be objected to by the Canton Authorities in view of

our urgent representations, and the fact they allege in reply

that the coin is issued because it is really required in Kwang-

-tung. It would be all the more clear that it was an act of

purely legitimate self-defence if we could show that our own

coinage was circulating at or near par, while Chinese coina

were at a large discount. At present the Chinese can retort

that

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