CO129-523-12 Currency situation 17-2-1930 - 9-7-1930 — Page 54

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4.

- 5 -

Is the premium on notes over silver detrimental

to the prosperity of the Colony?

If so, can it

Document No.VII.

5.

6.

be controlled and by what means?

Is the linking of the currency with silver

advantageous to the Colony? If so can it be more closely linked?

Is it desirable in the interests of the Colony

that the value of the dollar be stabilized? if

so can any effective steps be taken to that end?

10. I shall furnish Your Lordship with the report of

the Committee, when it is received. Meanwhile I should

be glad if the problem could be reviewed by Your Lordship

with such expert advice as may be considered necessary, and

if I could be favoured in due course with Your Lordship's

observations.

11.

Included in the print will be found tables showing

the premium on notes over silver, the exchange value of the

dollar, the price of silver and the note circulation of the

Colony for the period, October 1st, 1929 to March 10th, 1930. *.

I have the honour to be,

My Lord,

Your Lordship's most obedient, humble servant,

W.d. Southoch.

Officer Administering the Government.