CO129-508-3 Minting of silver dollars 5-1-1928 - 3-5-1928 — Page 14

TELEGRAM from the Governor of Hong Kong to the Secretary

of State for the Colonies.

Dated 9th March.

(Received, Colonial Office,

12.10 p.m., 9th March, 1928).

204

6

Confidential.

Your telegram of 19th January

Confidential

my reasons for requesting that Mint should notify me before coining British dollars is that such dollars are only of use

at Hong Kong and would be used for payment of Government revenue. Government has to accept dollars in payment of taxes though

recognised currency in Hong Kong is bank notes.

30237/7

اميم

The Hong Kong and Shanghai Bank at present accepts

Government payment in silver dollars and drew attention to importation referred to in my despatch 23rd September 1927 No.398. The Bank not being in a position to pay out silver dollars when the public demands notes might decline to continue the practice of accepting silver dollars from Government at full value and either insist on a separate dollar account or accept dollars at a discount though they have not suggested

any such procedure.