CO129-371 - Public Offices - 1910 — Page 7

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CO 1352

Memorandum to th

765

November 10,190. JAN_8_1910,

Sir John Jorcan has he the honour to wcereel communior-

-Lions to the Pai Tu Pu on more than one occasion at the

Coquest of the Governor of hongkong on the subject of the loww

of subsidiary silver coinage by the Chinese Mints.

ww

1:06 tha Colun,

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His Excellency the Governor of "ongkong no.

inform is. that during the three yours 190%

has incurred an average annual loss of 21:4,304 in the s

*e tigation of Hongkong mall coins as a result of the dorsod- -ated Chinese currency, which, though not legal tencer, elicu- -lutes in Rongkong; and that the depreciation of the sub fed-

-ary coin20 has seriously affectae the huuinecs of ourly

12 the rorcantile firms in the Colony, ie Exeollants

murgenta, *2 the most affective means under elicting ofrece

stun cas for controlling the output of the Chinese Vints, we

prohibition of 4:3 coinago of any coins in a province

much coins are circulating at a discount, leaving thu

-cial inte free to issue new currency whenever any particler coin reaches par value. For this perpore all subsidiary criem

age should be grouped & one currency.

convinced that the Chinesa Gov N11 L

Sir Joan Forgan

are desirous of reasc, ing the evils of the existing Court

-tion of silver coins in mung parts of China, and he i as the

Ponour to Pequeat that the sugrection of the "overnor of

-cong may be taxon into favourable consideration.

י:

ong-