CO129-420 - Governor Sir May - 1915 [1-2] — Page 184

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181

practically unprocurable.

dollars in silver dollars, the purchasing power of which is

about 10 per cent less than that of Notes. Again, a man

getting a few dollars a month changes many if not all of them

into cents to make his small purchases in the Bazaar.

each silver ten cent piece he gets nine copper cents another

loss of ten per cent.

He may have to take as much as four

-

For

9. I beg that this letter may be circulated to Kembers

of the Executive Council, and after Your Excellency and they

have had time to consider it that you will allow it to be

discussed in Council.

I also beg that a copy may be sent to the Secretary

of State for the Colonies.

It is for consideration whether the matter does not

require the absolutely disinterested advice of the very best

financial experts from Home.

His Excellency,

Sir P.H.May, K.C.M.G.,

50.1

Governor,

HONGKONG.

I have the honour to be,

Your Excellency's obedient Servant,

Sa.

F. H. KELLY

Major General,

Commanding H.B.M's Troops in China.

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