CO129-508-3 Minting of silver dollars 5-1-1928 - 3-5-1928 — Page 23

Telephone No.: VICTORIA 1234.

NATIONAL

Any reply to this letter should be addressed to-

CHEME

2 MEN:

DISABLED

THE SECRETARY,

TREASURY,

WHITEHALL, LONDON, S.W.1,

and the following number quoted.

F.5043

TREASURY CHAMBERS.

the 5 January 1928.

Sir,

23

пога

30237/27

I am directed by the Lords Commissioners of

His Majesty's Treasury to refer to the correspondence

between your Department and the Royal Mint regarding the

request of the Hong Kong Government, contained in their

despatch of the 23rd September last, that the Mints at

London, Bombay and Calcutta should be asked not in future

to mint any British "Trade" dollars without reference to

that Government.

The proposal of the Hong Kong Government would

appear to be a departure from the policy adopted in 1895,

and since followed, of a silver standard at Hong Kong

supported by unrestricted coinage at a seignorage of one

per cent, and I am to request you to inform Mr. Secretary

Amery that My Lords consider that this policy should be

The Under Secretary of State,

Colonial Office.

maintained