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having already semi-officially transmitted it to Your Lordship's Department.
That letter adverts amongst other things to some calculations of the Auditor General Mr. Rennie forwarded in my despatch No 103 of the 27th August. I therefore submitted it to Mr Rennie, whose explanations and remarks I also enclose,
I consider them well founded and deserving Your Lordship's attention.
6. The sums already sunk building, establishing, and maintaining the mint and its Staff enter so prominently, and so frequently into the general argument that I have procured from the Auditor General a reliable return of that expenditure. I have myself gone very carefully into the details, which shew $445,709 as the sum expended, but other items due in England and alluded to in the return raise it to at least $450,000 up to the commencement of this month.
27 On the other hand it is right to shew the apparent profit made by the Mint. This Mr. Rennie puts at $10,321 - diminished by the conversion into subsidiary Coinage of dollars for which the Colony was receiving six per cent, and also by the additional loss of eight per cent on...