these speculative
323 Refsing considerations, it remains to see the result of exact calculation. To begin with the
"Hance from England, the seigniorage on the coin is equal to a profit of nearly 67½ per cent from which is to be deducted the actual expense of the coinage, not accurately known, but estimated at 1¾% also freights and Sea risk estimated also at 3½% leaving a clear gain of about 62¼ per cent.
It is argued that the coin is valuable at the nominal value of £12 per cent, would cost the public about 11¾ when placed in the chest at Huanging.
6. The dollar is now firmly fixed, whenever a reference to Sterling becomes necessary, at 7% - The present Exchanging on England is from "4/6" to "4/8" for the tael in Kuping; but at which exceeds the average rate for some time past, it would be 194 per cent, and even at 7/2d% would be 43 per cent. It therefore does not appear that any profit would accrue to the Public from the remittance of British silver coin, which might not be equally obtained by the negotiation of Bullion.
7. In the present calculations the intrinsic value of the British silver coins is assumed at its nominal Sterling amount. To maintain this value with reference to the Haikwan tael at "4/6", the Shilling should circulate at an equivalent to 27/100 of a dollar. It is however intrinsically equivalent to 10 cents more than about 21½ cents, or nearly 7 per cent loss. So that in order to sustain such a rate it is necessary
...
Page 10
these speculative
323 Refsing considerations, it remanio l see the result of excul calculation. To begin with the
ou
" Hance from England, the soignoragst the coin is equal la profit of nearly. _ _ __ 671⁄2 portent from which is to be dictucted the unctual expour of the suintage, st
crecurately known, but estimated al_1727% also freighta!-
and Sea risk estima ledt als
inall
31⁄2-
& learning as olem gouin er surning of about ___Sperant
Av
qani 3
that the coin ismable at the nominal
value of 12 pouces, would cost the public about 117% when placed in the chest at Haughing.
11/8
Ace
6. The collar is 110w ifmed, whenever a reference to Sterling becomes measury, at 7% - The present Eretining on England is from " / "/" for the Republic in Kobber; bit at p which excorts the average rule for
exceeds
(a)
Inice.
gain
some line past, the would be 194 per cent, and even at 7/27% would au 4. 3 per Qut. It therefore does not appear
that
amount
any profit would accrue to the Public from the remittance of British show vain, which might not be equally
by the rugpontion
negociation of Billion
the
Hainable
Treasury
aside even the consideration
for colleurs, setting and even
of interest which on both sides could be in
faos of the Guhang operation. The
comparison
of négociations on huolia the
Average - A/
a
gives
: scarly similar result.
Ow/
7. In the presting calculations the ismable
value of the British silver coins is a
of the
- assumed at its nominal Sterling Amant. To mani tanie this value with reference to the Hollow estimati at "for", the shitting should consulate cer equivio but t. 27/100 of ce dollar. It is however intrinsically equivalent to 110 more than about 21% lists, or nearly 7 peeliat loss. that in order to sustain such a rate it a
10
necessary
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