A (1) 4
The difference ($60.04) between this total and the amount shown in the Statement of Assets and Liabilities is an amount to be recovered by the Crown Agents on account of coins lost in transit.
Demonetized coins of the face value of $5,900,000 all in ten cent pieces were accounted for during the year. The balance of coins in circulation is now $26,292,370.
14. The limits between which the rates of discount on subsidiary coin compared with the Silver Dollar ranged were:---
50 cent-pieces 4 per cent. to 54 per cent. 20 cent-pieces " 10 cent-pieces " 5 cent-pieces " Copper at par.Silver dollars were in rather better demand and consequently bank notes were at a premium ranging from 2¼% to ⅞% as compared with 4% to 10% in 1914.
15. The local circulation in December of notes of the three Banks having authorized issues was as follows:
Hongkong & Shanghai Bank, $21,793,806 Chartered Bank of India. Australia & China, 6,976,548 Mercantile Bank of India, 1,074,231 $29,844,58516. The rate of exchange for the Estimates was taken at 1/10¼ whereas the average rate for purposes of conversion in the Treasury books was 1/9¼.
25th March, 1916.
A. M. THOMSON,
Treasurer.