TNAG-0455-FCO40-520-Minting-of-new-coins-for-Hong-Kong-1974 — Page 8

GRS 240A

PRIORITY

"PHER CAT A

LARI

REF.

FM FCO 291425Z

RESTRICTE D

(33

30

TOP COPY

(

HKK 5/38)

RESTRICTED

TO PRIORITY HONG KONG TELNO 1115 OF 20 DECEMBER, 1974.

YOUR TELNO 1260 OF 17 DECEMBER: COMMEMORATIVE GOLD COIN

1. THERE ARE THREE WAYS IN WHICH WE COULD PROCEED WITH THE MAKING

OF A NEW ORDER VIZ:

(A) AN ORDER WHICH WILL AMEND THE 1936 ORDER SIMPLY BY ADDING GOLD COINS TO THE LIST OF THOSE FOR WHICH THE GOVERNOR CAN MAKE PROVISION BY PROCLAMATION. HE WOULD THEN HAVE TO MAKE SUCH A PROCLAMATION WITH RESPECT TO THE COMMEMORATIVE ISSUE PROPOSED. (B) AN ORDER AMENDING THE 1936 ORDER MORE SUBSTANTIALLY BY PROVIDING FOR, AND INCLUDING DETAILS OF, THIS COMMEMORATIVE ISSUE, AS WELL AS GIVING THE GOVERNOR POWER TO MAKE PROCLAMATION IN RESPECT OF OTHER GOLD COINS IN THE FUTURE. NO LOCAL PROCLAMATION

WOULD BE NEEDED FOR THIS ISSUE.

C) AN ORDER DEALING SOLELY WITH THE COMMEMORATIVE COINS. NO LOCAL PROCLAMATION WOULD BE NEEDED, SINCE THE ORDER WOULD NOT AMEND THE 1936 ORDER, ANY SUBSEQUENT ISSUE OF GOLD COINS WOULD HAVE TO BE PRECEDED BY A NEW ORDER IN COUNCIL, RATHER THAN A LOCAL PROCLAMATION AS IN (A) AND (B) ABOVE.

2. OUR OWN PREFERENCE IS FOR (A) BUT WE SHOULD WELCOME YOUR VIEWS. 3. THE POINT IN REGARD TO SECTION 4(1) OF THE HONG KONG COINAGE ORDER 1936 RAISED IN PARAGRAPH 3 OF YOUR TELEGRAM UNDER REFERENCE WOULD PROBABLY BEST BE MET BY INSERTION IN THE TEXT OF REFERENCE TO THE NEW 1000 DOLLAR COIN BUT WE SHOULD LIKE CONFIRMATION THAT IT IS YOUR WISH THAT THE NEW COIN SHALL BE MADE LEGAL TENDER FOR

PAYMENT OF ANY AMOUNT.

a

4. WE INTEND THAT THE NEW ORDER SHOULD BE ENACTED AT THE NEXT MEETING OF THE PRIVY COUNCIL WHICH WILL BE HELD DURING THE LATTER

HALF OF JANUARY.

CALLAGHAN

COPIES то

FILES

MRS

RA. CURRELL

-TREASURY

#KI O D

FRD

MR

CORNELL

ROYAL MINT

LEGAL

ADVISERS

SIR D. WATSON

MR

A

MALE

MR

+

MARSHALL

SIR D. MAITLAND

+