, 1876-08-05

~ ASAAoO ~ SS6t AZ NNOH AOh
certain although short time before the refusal
takes its commencement. It was but natural
that the Government should do so, when every
body else, here and In st. Thomas, we're re-
fusing the coin altogether or only taking it at
a heavy discount. The honorable Chairman
may perhaps not be aware that the Govern
ment 10 by a Royal ReSoript expressly antho-
rized either to place a discount on American
silver or to refuse it altogether in the payments
of public revenues, or, 10 other words, to place
1 of the Ordinance Of 1858 concerning
Danish Westindia Coin partially or entirely out
of foroo temporarily. Much stress has also
been laid on the Inconvenience through the
Notice being greater to the public than to the
Colonial Treasury but here it must not be-
lost sight of, that the depreciation OF the cola
has arisen from q change in its value all over
the world, 50 that it is uncertain whether it will
continue long yet, or soon cease in fact, IL has
lasted long enough already to warrant the
Government in saying they will no longer
receive it and allow the Treasury to be ever
stocked it would not be just to allow money
to be received at it's full value. whom it does nos
possess that value, and can not be given out
again from the Treasury. AS regards the
honorable Chairman's remarks about large
sums of American silver having been received
by the Government in payment of bureau, he
did not believe that is the case there is very
ALGCt v u udIu VI AAeIlcbu COIu u buo AG0hnuIy y
so that such could not have been the case in
fact the Treasurer would not receive It, at least
for some time past. AS regards she duty on
American silver in Domerara, he was aware OF
the fact, which had simply astonishsd him
what the effects would be there. was not easy
to say anyhow, if such an expcdient may be
feasible in Demerara, where upwards OF
$250.000 in American silver was imported at Q
time, which could only have been done 10 boxes
or other similar packages, il could scarcely Dc
carried out here, where only 8 to 1000 dollars
are required to be imported from St. Thomas
TO cause a disturbance, aud which can easily
be done in a few trips, among the luggage Of Q
passenger, or even on his person. without the
possibility of the CUSTOMS department getting
knowledge thereof, unless al intolerAble sys'
tenn Of inquisition were introduced. 10 re-
turn to the main point, he could not admit that
the notice is 30 short, If the object aimed as
was to be attained for that purpose the notice
must necessarily be short.
District (RoIenttand) remembered from bis
former position as Governments Secretary,
that in 1867 and Go the Government
was authorised by tho Ministry, if necessary,
TO discontinue receiving American coin whs-
ther it was based on a Royal Resolution he
did not remember. But he was noG prepared
to enter on the question OF competency.
1t Member for OhrlstIAustedS Oountgy Dis
tIict (Csulter) / His Excellency had touched on
the meeting Of merchants in Christianstsd some
time ago be, the Speaker. had been present.
and in the course Of the discussions he made
the same objections as those to-day advanced
by the honorable Chairman and 2nd Mem
Der for Frederiksted (FabeE). He had also
there pointed out Ghat many planters had juss
then received bureau money in American silver,
and he snquired from His Excellency If those
parties could expect to get the American coin
redeemed by Danish silver, and he had under
stood His E1cellency as having consented to il.
president, No that must be a misunderstAn-
dingl for it would be hard for the individuals
70 receive such amounts and the Government
afterwards joins other parties to depreciato the
value. Again, labourers on Estates have re-
ceivsd American silver in good faith, TO its full
value, but now they are told that they are a-
most valueless, and oanHot even pay their horse
and boat tax with il. u appeared to him that
the notice was unnecessarily short, and would
cause much inconvenience.
The President had at the meeting distinctly
answered No to the inquiry on redesraing Of
American silver wish Danish, and he could net
see otherwise than that parties must look out for
themselves and see to get rid Of Ihe American
coin, if they wish to avoid loss.
LIST Member for Ohristiansted's Country Dis.
trict [Coulte] vas perhaps wrong 10 i~Aterprs.
ting His Excellency's answer 40 stated but
there were other nlauters AZ the mating thew