No. 14.
No. $7.
No. 43.
No. 47.
48
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As the discount causes great hardship to many businesses in the Colony and as the amount of Hongkong coin in circulation and in stock at the present time is estimated to be no more than is required for the needs of the Colony, opportunity is now taken to prohibit the circulation of foreign coins.
It is believed that, with the successful operation of this Ordinance, the coin in question will rise, almost, if not quite, to par. The principal of the Ordinance has been approved by H.M. Secretary of State and by residents representing all sections of the business com- munity.
C. G. ALABASTER, Attorney General.
49--
2. The Ordinance comes into operation on the 1st July and I propose in the circum- stances, subject to your approval, to watch the working of the Ordinance before making any
amendment in it.
I have, &c.,
Officer Administering the Government.
9
The Right Honourable
LEWIS HARCOURT, M.P.,
dc.,
&c.,
da.
CLAUD SEVERS,
No. 45.
Copy of despatch from Secretary of State for Colonies to Officer Administering the
HONGKONG. Confidential.
Government, Hongkong.
No. 47.
Copy of despatch from Secretary of State for Colonies to Governor of Hongkong,
HONGKONG. Confidential.
DOWNING STREET,
18th July, 1912.
117
DOWNING STREET,
24th May, 1912.
SIR,-I have the honour to acknowledge the receipt of your despatch No. 160 of the 26th of April and to inform you that His Majesty will not be advised to exercise his power of disallowance with respect to Ordinance No. 11 of 1912 of the Legislature of Hongkong entitled "An Ordinance to prohibit the importation and circulation of foreign copper and bronze coins ".
2. I observe that the Ordinance as passed does not include the additional section proposed in Sir F. Lugard's Confidential despatch of the 20th June, 1911, and I shall be glad to learn whether that section was intentionally omitted.
SIR,I have the honour to acknowledge the receipt of Mr. Severn's confidential No. 8, despatch of the 22nd of June with regard to Ordinance No. 11 of 1912 and to inform you that I approve his proposal to watch the working of the Ordinance before any amendment is
made in it.
Governor
SIR F. H. MAY, R.C.M.G.,
&c.,
&c.,
dc.
I have, &c.,
L. HARCOURT.
I have, &c.,
THE OFFICER ADMINISTERING THE GOVERNMENT OF HONGKONG.
L. HARCOURT.
No. 48.
No. 46.
Copy of despatch from Officer Administering the Government, Hongkong, to Secretary of State for Colonies. Confidential.
GOVERNMENT HOUSE, Hongkong, 22nd June, 1912.
SIR-In reply to section 2 of your confidential despatch of the 24th May I have the honour to explain that Sir F. Lugard's confidential despatch of the 20th June, 1911, inquired whether you approved of the inclusion in the bill (now known as Ordinance No. 11 of 1912) of the additional section therein set out. received: and the bill was, therefore, introduced and passed without the additional section.
To the inquiry no reply has yet been
Copy of despatch from Governor of Hongkong to Secretary of State for Colonies. Confidential.
GOVERNMENT HOUSE, HONGKONG, 2nd August, 1912.
SIE-With reference to the correspondence noted in the margin, I have the honour to Nos. 38 and enquire whether you now approve of the course indicated in the first paragraph of Sir F. 39.* Lugard's Confidential Despatch of the 26th of Junc being adopted,
There is an accumulation of Hongkong silver subsidiary coin to the face value of No. 38. $840,438.75 at present in the Bank awaiting either sale or demonetization
2. In view of the present political situation in China and of the obligation which that country is under to reform her currency I am not prepared to advise any active steps by this Government for the rehabilitation of the subsidiary coin of the Colony, although the
*and Secretary of State's Secret Despatch of 13th September, 1911, and Governor's Secret Despatch
of 8th November, 1911.
No comments yet.
Private notes are available after approval.