28
All Mints work
more or
Lesi
spasmodically and are particularly Sensitive to the state of Commerces, it is therefore difficult to arrive at exat resutts. Presuming however that this Mint was fully employed, and producing
ow average of 50,000 dollare per day for five days per week; the
cost including 10 per cent per. for depreciation of plaint and the per cent per anseen
for interest on entire outlay be estimated at 1/4 per cent
may
O
including or working loss.
on metal
of 2 per mille. As Premetting loss is invariably borne by the Importer
it is not included in the above.
2ndly Seignorage
age us a
temporary
arrangement has been reduced to
C
to one per cent at the Hongtting Mint but I per cent is the rate established
by
the Ordinance and is the samne as
that charged at the Indiain and other Mints coining on Seignorage. This charge lowes a four overage
margin in established-Mints to meet expenses when at rest, but if a Mint could be fully employed at this rate on large coins or Gold. considerable profit would result.
The Royal Mint in England Coins Gold free of charge, but there is a profit dependent on the market value of Silver on its coinage of about / per cent, also
very large profit in Bronze . It is usual by lowering the Standard to make the