they enjoy
now
opportunities of "Squeezing"
-11-->
Government debtors, which would of course be less frequent, if a person owing say 100 Dollars could produce that exact number in coins recognised by the State, for the same, and demand a receipt
20. I notice Sir Hercules friendly suggestion that Her Majesty's Government might advance sufficient bullion to the Mint to keep it in full working order
Just however and no doubt frequently hereafter minted would simply mean more bullion if it means more lofses, and I presume Her Majesty's Government would scarcely insist on the Bank's going into a speculation, from which the Bankers and general Public keep aloof, except on understanding that the entire loss attending the operation should be borne by Her Majesty's Treasury.
27. As I have already expressed the opinion that the circumstances, which render Coin manufacturing profitable, are unlikely to recur except during brief and distant intervals I cannot regard the maintenance even by the Imperial Government of a very costly establishment in a high state of efficiency as a prudent measure.
Moreover the shorter the intervals during which more powerful machinery and Staff for reasons of Scale could realise a profit the more should be the machinery and I have stated that for these coining power of 200,000 dollars per day would probably be required to pay.
I have however no wish to prevent by further