C.O. 13016 & RES? 29 MAY 19 616 EN CLOSURE 3 RECO PY. !
Comparative table of cost of Subsidiary Coins from London and Calcutta.
Charges London Calcutta Minting 4.074 3.728 Freight, &c. .570 .850 Insurance .167 .244 Brokerage on silver .128 .125 O.A. Commissions .125 Brokerage on bills .07 .0625 Total 5.1235 4.947A saving of say $1 per $100,000.
As the usual annual sale is about $3,000,000, the total gain per annum would be $4,280,00 besides a certain amount more if silver were bought in Australia.
If the suggestion as to reduction of rate by the P & O Coy. be agreed to, there would be a further saving of $7,500 on 30 lac.
Cost of telegrams does not enter into this calculation.