inclosed is intended to exhibit the relative expenses incurred in England on account of The Hong Kong and Sydney Mints at their first Establishment = The excess in the Hong Kong account will be found to be greater than apparent, and arises from that account, including building materials and extra Machinery, which were provided, but not sent to Sydney, to have been used in Australia at a later period by the Colonial Government - The Machinery for a Silver Mint is also more solid than that for Gold, the Engines for Hong Kong possessing double the power of those for Sydney - Duplicate parts, repairing machinery and supply of Stores were required at Hong Kong, which could be dispensed with at Sydney - In conclusion I would express a strong opinion that the actual outlay for the Hong Kong Mint is being kept down by Mr. Slinder, at as low a figure, consistent with efficiency and ultimate economy.
I have to.
(Signed) J. Graham
Tanelify 400