CO129-378 - Governor Sir Lugard - 1911 [6-7] — Page 70

{

CONFIDENTIAL.

C

77190

sir,

REST

10 JUL 11

GOVERNMENT HOUSE,

HONGKONG. 9th. June, 1911.

67

In continuation of my Despatch Confidenti.

-al of 19th. of last April, I have the honour to inform you that

after careful consideration I suggested to several of the lead-

-ing Merchants and Bankers of the Colony the proposal that

Chinese Subsidiary Copper Coins should be prohibited from

circulation in the Colony and they unanimously agreed in

recommending this course. I have also consulted my Executive

Council in the matter and also the Chamber of Commerce and they

concur in the recommendation to effect which I have the honour

to enclose a draft Bill for your consideration.

2.

It is believed that there is no great

quantity of Hongkong Copper Coins current in China and available

for export to Hongkong, and it is also believed that the greater

part if not all of the quantity available will be required to

replace

THE RIGHT HONOURABLE

LEWIS HARCOURT, M.P.,

&c..

&c.,

&C...