CO129-414 - Governor Sir May - 1914 [10-11] — Page 89

Glensia

fremeses.

of their

C

49503

86

HO

KONG

¡REC

RESH DEC 141

You

May Cry

1914

30 od

Last provious Paper. C4.

448834

Am

49508

Subsidiary Com's.

Rewals

working of arrangements

for purchase of -

Next subsequent Paper.

C. A

51361

With the subsidiary coin standing at a discount round

about 15 per cent the Govt. makes an appreciable profit

on buying then up and selling them as silver bullion,

even after meeti all expenses of transport and in-:

surance &c.

I don't understand how the superfluity of Mexican

the standard coin) causes a discount either

dollars

in the vale of subsidiary coin or their own value

if the latter is the Governor's meaning . However

we need no take up this point.

Put By.

(102,243). Wt.17,47833. 90,000, 6/14, A.SE.W.

Ar

An La

Arc

2.1.11-