the Seignorage must be paid, while if sold in the bazaar the value is fixed by the known the real equivalent Mint outture.
a result Therefore of $100 Mexican to in is India Rs 2184/4 to 219, that upsets his argument about the rate of Exchange necessary to prevent the Export of silver from Hongkong to India. Again he makes a Calculation of the equivalent drawing rate of Hongkong Compared with the value of rupee in India in silver brought from London, of which...
279 I fail to see the Connection with the supply of bullion to the Hongkong Mint. It is not necessary that the circuitous route India should be one of by which silver flows to China, any more than that it should exclusively reach that destination direct from London. Via California Silver arrives in China (already to a considerable extent) cheaper by the lower charges of transport.
The objections urged against the success of the Hongkong Mint appear to me to be equally conclusive as against...