Extract from a Report by the Deputy Master of the Mint dated 21st December, 1926.
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On the whole I should be inclined to recommend
that in future coinages a piece with a diameter of
approximately 0.8 inch and a weight of 43.75 grains should
be adopted, which is the size of our existing farthing at
home. This will bring the Hong Kong 1-Cent piece more into
line with the other small bronze pieces of the world, and
with the cost of bronze metal about as at present, will
ensure a small profit to the Government, even if the exchange
s d
value of the dollar goes as low as 1/5, es follows
Mint Charge for manufacturing including f.o.b.
charges London Port per 1000 pieces
Cost of metal at current prices (Copper 64, Tin 309, Zinc 33 = £71.30s. per ton) at 10 pieces = 1 oz. av. per 1000 pieces
Add 5% for freight, insurance, etc
1000 pieces $10
s.d
1$
(say)
e.d.
s.d.
9.0.
4.0.
8.
13.8.
1.5.x
x This will allow for metal up to 4/4 per 1000 pieces.
From the Hong Kong (Coinage) Order 1895 it appears
that the proposed new coin can be issued by a local
Proclamation made by the Governor with the approval of H.M.
Treasury and a Secretary of State. The Schedule required
would, if the foregoing suggestion is accepted, read as
follows:-
1 Proportion