G
early
244
if the letter of the Botimens, then Governor of reference to the Colony, which the Govt. of Hongkong & on leave & subsequently d) Morel 20/63 letter ensued; & so the project was resting & the correspondence with the Treasury, which was relied upon in the meantime. The initiative in the matter signaled the project. – The HK Mint, thus decided upon in 1863, was not brought to attention till the middle of 1866. (J. Potten- 5% hers for Bullion, at the time he the assayer of bullion de), not without great expense. £80,000 has been spent up to the present time, (exclusive of interest, allowing a premium of 1 per cent. In Filler's coin their bullion value. Though less, he stated, - Premium had been higher still,- 5¼d. per oz. for
I hurt Sand and Sovereign. The
wrote, against 50/? per oz. standard fine Bar when,
Dillan
be
Al 5.1. The gain against £5.12
premium, he argued, admitted of British Dollar
being commercially produced; even
if paying a high
(where cost being Kramer & has expenses in India) –
which is somewhat counterbalanced by his R. J. O'Donnell) & the present rate of expenditure for the establishment & maintaining contingencies -even with a
nearly idle Mint _ is about $15,000
a year. (Ire, I Seaham, in a private letter deemed, cheaper than reason, the grinding & assaying with the annual expense at $20,000
it 2. be the interest of the public to send out bar silver for coinage in HK instead of buying Mexican Dollars; but in this
case the Mint would be
employed constantly the remunerative
by unnecessary
Needing at once Concurred, declining the
"The
about
a year, but during it $15,000 a year- the Colonial Estimates)
What is now found to be the case, after
all this enormous
expenditure. The premium relied on has absolutely disappeared, & with it has disappeared all hope of
the effect of expense, is that the