about 4/6d each, and as before observed there is every probability of their rising still higher. At the present price of bar Silver - namely £671⁄2 per ounce standard - the value of the fine Silver in a Mexican Dollar of 90% touch or 9/10th fineness, and weighing 416 grains troy, is 4/4.d – For several years, however, the average price of bar Silver in the London Market has not been more than about 67d per ounce, at which price the value of a Dollar, of the weight and purity specified above, would be only about 4/3d. To this be added a seignorage of 1.6 per cent, which would probably cover all the expenses of coinage at a regularly organized Minting establishment such as already exists at Tower Hill, it follows that the total cost in London to the Home Government of a new British dollar would amount to 4/33⁄2d, against 4/31⁄2d the present cost of a Mexican Dollar in the same market. The freight and insurance to China would be the same for either Dollar, namely about ¼ per cent, so that the British dollar would cost the Government in China 4/51⁄2d against 4/81⁄2d the present cost of the Mexican Dollar here, which would be a saving of 6¾ per cent.
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