CO129-397 - Public Offices & Others - 1912 — Page 92

time of the telegram

The Trang hitter ise "March 1911.

Tranny / 102727/11

& copy mas sent

to thing in deep No 97 16" furl an

that paper.

? Ackrest of 27755", pointing this out,

Sund the come & her as purposed in go minition

25277

~ till Ew that the note instire & the HZ Bank was be incrzaned as recommended

Ferren n 22878

M

In the reply to this Letter the following Number should be quoted,

17595

12

Sir,

C.

91

TREASURY CHAMBERS.

ASB, SED 1

meas

2 September 1912.

As recommended by Mr. Secretary Harcourt in Mr. Read's letter of the 28th ultimo (25277/1912) the Lords Com- missioners of His Majesty's Treasury sanction the proposal that the Hong Kong and Shanghai Banking Corporation should be permitted to increase their issue of 1 dollar notes from 226,000 to 350,000, on the conditions now obtaining with regard to these notes, including the obligation of uncondi- tional withdrawal from circulation should the Government of the Colony decide to issue small notes of lower denomination than 5 dollars.

↑ send off tel. of which draft is submitted

regarding the increase of Bank 1 dollar notes.

Then send corresp. as to subsidiary coins to Gov.

^

for obsons. Point out true reference to Treas. letter

as in Mr. Robinson's minute, and with regard to par.

1 of 27755 ask him whether he considers the subcoins

accumulated on Govt. account should be sold as bullion

or passed into circulation again or held for the pre-

sent. Ask him to tel. his recommendation on this

point.

AEC 12/9

louve

The Under Secretary of State,

Colonial Office.

I am,

Sir,

Your obedient Servant,

Mulhelmer