051
3.4
©2007 PROTk (ka)
0.0.
30979
Jimat 10 OCT 10 PEKING,
35300
29 SEP 1910
August 23,1910.
171
་{་
The Wai Wu Pu is aware that a large proportion of the subsidiary coinage circulating in Hongkong is Chinase and that the serious inconvenience to trade caused by the depreciation of these subsidiary coins has on reposted occasione during the past two years formed the subject of representations to the Wai Wu Pu by this peṛation, acting on behalf of the Hongkong Government.
His Majesty's Chargé d'Affaires has now received a despatch from the Actine Governor of Hongkong in which the latter, after expressing his gratification at the approach ing issue of a national coinage in Chine, states that he trusts that the innovation will be carried out with a
strong hand, guided by expert financial advice, as other- wipe the now coinage is likely to aggravate r ther than improve the existing unsatisfactory condition of the cur- rency both in China and in Hongkong.
The manner in which the new coinage it to be substi-
tuted for the old, more especially in the case of the sub- eidiary coins, is a most important point as far as Font-
kong is concerned and the Governor will be much obli-ed
if the Wai Wu Pu will ask the Board of Finance to furnich
some more precise information on this subject than is con- tained in the Ragulations.
The Hongkong Government are strongly of opinion that
As long as the present silver coinage issued by the Canton
Mint remains at a discount, none of the new subsidiary
coinage should be put into circulation in the province.
If,
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