At a meeting of the Singapore Chamber of Commerce held on the 26h ult, the followin, lution was moved by Mr, Shelford, and seconded by Mr. Murray (1.) That in view of the possibility of action being taken by the Indian Government to alter the Standard of Currency or restrict the free coinage of Silver, this Chamber strongly urges the Government to press. uj ie Home Authorities the necessity for full consideration of the interests of the Colony.
{2.) And that, as it is doubtful whether any change in its currency will be to the outage of the Colony, no final decision ting the existing Currency be arrived at without previous communication with, and consent of, the Legislative Council.
To this Mr. Earle moved and Mr, Craig seconded the following amendment That this Chamber pass no resolu ion at the present time in connection with the mendment was Inst, and the resolu-ried by 19 votes to 2, two menibers declining to vote.
On the subject of the resolution the Singapore Free Press writes as follows in its issue of the 27th ult, Yesterday at the Chamber of Commerce meeting that body, which must be assumed to include whatever Singapore posse the way of experts in the difficult question of the currency, touched the fringe of that eternally-debated subject. The resolutions submitted to the meeting by the Chairman, Mr, Shelford, represent the outcome of the committee's deliberations, and as far as we can learn, are of the nature of a compromise which may be accepted without in any way depriving the Chaniber of perfect freedom of action lered after. It is to be noted that, safe and -committal in character as these resolutions were, they were held to be not safe enough by at least tio members who introduced am amendment to the effect that the Chamber of Commerce should leave the whole question severely alone, The motive of this amendment was no doubt to be found in the conviction, shared in by the whole Chamber, that the question was one of supreme difficulty and that possible though undefined dangers lurk within any attempt to indicate even 8 leaning towards a given mode of solution, Bu: still it will be conceded that when many Chambers of Commerce have, in one form or another, had the Silver Question before them, it would be hardly in keeping with the dignity and the commercial influence of the Singapore Chamber, whatever that may amount to, to make no more sign than a were non possumus resolution, Te was stated on behalf of the substantive resolutions that they committed the Chamber to nothing, and as the mover of the amendment admitted that, it may be assumed that, ssu far, there was a stantial agreement in' the Chumber. Tt will be conceded, we think, that the its lution, the attitude of watchful Chamber should have clearly adopted, by observation therein taken. And it will be further admitted that it was expedient to remind the Government that in any dealings with the Indian currency that the Home Government might be tempted to make, this Colony had interests that would undoubtedly be affected, and would there.
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(alt) tf 7 advantage of this Colony to have its currency. basis altered, and declared that in any case decision should be taken geapecting the currency unless the Legislative Ovuncil were a consenting party thereto, And in the case of currency it is to be presumed that the Legislative Council's consent must mean more especially the consent of Unoilicials as representing the commercial
Text read from the printed page and cleaned; old type leaves the occasional error.