TNAG-0455-FCO40-520-Minting-of-new-coins-for-Hong-Kong-1974 — Page 45

G.F. 323

機密

то

CONFIDENTIAL ##

The Honourable the Financial Secretary,

Mr. C.P. Haddon-Cave, C.M.G., J.P.

Sir,

1.

2.

We were appointed by you

"(i) to determine the present and future requirements (denominations, quantities, etc.) for coinage in Hong Kong and to relate these requirements to

the coins currently in circulation; (ii) with regard to (i) to make recommendations for

the denomination, design (including inscription), size, weight, metal content and shape of any new or replacement coins considered to be necessary, bearing in mind:

costs, ease of handling (including

distinguishability to the eye and touch and to coin counting and sorting mechanisms), storage, price patterns, coin-receiving machines and meters, counterfeiting risks and the future relationship between coins

and notes in circulation;

(iii) to estimate the probable amount and incidence of

the cost to the Colony of the recommendations made; (iv) to report the committee's findings to the Financial

Secretary for subsequent submission to the Governor."

We now have the honour to submit our Report. Mr. Ockenden and

Mr. Turner were away at the time the Report was finalised but they have authorised us to say that they support the recommendations which it contains.

3.

We wish to draw your attention to paragraphs 67 73 which set out the implementation dates relating to our recommendations and in particular to the target date of August, 1975, which we have proposed for the introduction of the new 20 cent and $2 coins.

D.W.A. Blye

Douglas warsye 2+/sing

F. Hsiung

26th July, 1974

CONFIDENTIAL

J.I. Mutch

機密

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