COIN FOR THE COLONIES.

South Canterbury Times, Volume XV, Issue 2068, 8 November 1879, Page 3

COIN FOR THE COLONIES.

Amongst the papers recently laid before Parliament was the copy of a despatch from Sir M. Hicks-Peach relatives to the supply of new silver and bronze coin for the colonies. Our readers will, vre think, cordially .agree until the Secretary of State for the Colonies in his opinion that “ as the conditions of supply of new coin have now been made so favorable, it is incumbent on the Governors of Her Majesty’s Colonies to secure that the silver coinage be kept in proper condition by the systematic withdrawl of worn coin.” The regulations for the supply of British silver and bronze coinage, aro briefly stated as follows On receiving application from the agent of any Colonial Government the Master of the Mint will cause" to be packed and held to his order such and amount of coin as may be required and will farther undertake the payment of all expenses, including packing, freight, insurances, and charges connected with the shipment to any port in the Colony. The agent of the Colonial Government will be required to pay to the account of: the Master of the Mint at the Pank of on or before the delivery of the coin, the sum representing the nominal value of the new silver oe bronze coin ordered. The Colonial Government will be required to make such arrangement as may be deemed necessary for the withdrawal of worn coin from circulation, and to cause the coin so withdrawn to be forwarded to the Mint or one of its branches at Sydnej l " or Melbourne, for rocoinage. The Master of the Mint will defray all expenses of such transmission. The Imperial Government will pay to the Colonial Government the nominal value of the coin so "withdrawn from circulation as soon as it is received at the Royal Mint or some of its Considering the condition generally of the silver coin now current in this colpny, it is to oc hoped that His excellency, with whom the duty would appear primarily to lie, will lose no time in moving Ministers to take the necessary action for the withdrawal of the worn coins and the substitution of new. The despatch of the Secretary of the Colonies is dated in February ; but we are not aware of any action whatever having yet been taken in the matter.