have recently sold at a aiscount a large quan-
tity of subsidiary coins which had accumulated
in their hands. This course was in accordance
with the latest instructions from the S. of
issued
in view
S.,(afterconsultation with T.Ls., but apart of the scheme now proposed and of from the objections that exist to the selling
by the govt. of their own coins at a discount
it will in future be advisable for the Govt.
to retain such subsidiary silver coins as
come into their hands in the normal way and
utilize the silver for the proposed new coins.
The S. of S. has accordingly instructed the
Gov.
as in the tel. of p which a copy is en-
closed.
5
If T.Ls. concur in these proposals, it
will be for them to submit to H.H. an 0. in C.
anending the 0. in C. of the 2nd of Febr.
lövö so far as the subsidiary silver coins
are concerned. The 0. in C. should come into
force from a date to be fixed by the Gov.
by proclamation, and at the same time a noti-
fication would be issued as to the exchange of
coins for a period of seven days, and an Ord.
would be passed by the Leg. Council prohibi-
ting the importation and circulation of
186
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