t
101
from circulation and demonetised. The quantities thus with-
-draw (of both Silver and Copper) including the unissued
shipment of 1906, with the loss incurred are as follows:-
Year.
Face value.
Loss by de- -monetiza- -tion.
Loss of interest.
(3).
Total 1038.
120,149 430,942
15,187
141,683
6,581
66,871
1906-07
1907-08
1908-09
3,468,000 (2.
810,000
350,991
1909-10
469,368
$5,098,359
310,793
126,476
60,290
70,359 (2)
8,794
79,153
$567,938 $150,711 $718,649.
(1). These were new unissued coins, the actual cost of
which was $3,198,707. Only the actual difference between cost of purchase and amount realised by resale has been calculated, and not the loss on the face value.
(2). Precise loss not yet known. Calculated at 15% on
face value.
(3). Interest on Stocks lying idle has been assumed
at 3% only and no interest on overdrafts is included.
The coins actually shipped to England were as follows:-
Face value.
32,000
$319,808.60
Denomination.
50 cents
Number.
64,000
20 cents
10 cents
5 cents
1,599,043
44,114,628
3,888,817
$ 4,411,462.80
/ 194,440.85
Silver coins
49,666,488
$ 4,957,712.25
Copper
Total Number
14,064,679
63,731,167
$ 140,646.79 $5,098,359.04
4
marly 50
Sieve
total of over:57 million
close m
From this it will be seen that during the last years a
nicoins have been demonetised,
their face value being more than $4,600,000, and the loss
5
incurred