CO129-378 - Governor Sir Lugard - 1911 [6-7] — Page 71

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replace the excluded Chinese coins. It has in fact been deemed

advisable to retain as a reserve Copper Coins to the face value

of 881,737 now lying in the Bank in case the influx of Hong-

-kong Coins from China should prove insufficient to meet the

requirements of the Colony.

3.

I trust that the course proposed will

meet with your approval, for I am of opinion that the experi-

-ment will not only result in a rehabilitation of the Copper

currency of the Colony at little or no expense but it will also

afford a valuable object lesson and useful experience in case

it should later be decided to extend the prohibition to Silver

Subsidiary Coins.

I have the honour to be,

Sir,

Your most obedient,

humble servant,

Manganes

Governor,&c..