CO129-098 - Sir Robinson - 1864 [4-5] — Page 10

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed
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impolitic, and the latter alternative would I think be peculiarly

Land

the Colony at the

the Colony

upon present moment; for I cannot help feeling that even assuming the fairness of requiring to contribute towards it's Military expenditure the circumstances connected with the establishment

of

the Mint entitle it at present to special consideration and exemption. The Colony at it's own sole expense and risk is investing £50,000 in an undertaking which will benefit largely British Commercial interests throughout the East, and effect a direct saving to the Imperial Exchequer of not less than £37,500 per annum. But the Colony itself does not expect to derive direct addition to it's revenue from this large expenditure, even if the scheme should be entirely successful : for it would be most unwise to attempt to levy any larger seignorage than would suffice to cover the working cost and expenses of establishing the undertaking.

12.

It is doubtless more convenient that at this distance

the proposed Mint should be

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impolitic, and the latter alternative would I think be peculiarly Land the Colony at the the Colony upon present moment; for I cannot help feeling that even assuming the fairness of requiring to contribute towards it's Military expenditure the circumstances connected with the establishment of the Mint entitle it at present to special consideration and exemption. The Colony at it's own sole expense and risk is investing £50,000 in an undertaking which will benefit largely British Commercial interests throughout the East, and effect a direct saving to the Imperial Exchequer of not less than £37,500 per annum. But the Colony itself does not expect to derive direct addition to it's revenue from this large expenditure, even if the scheme should be entirely successful : for it would be most unwise to attempt to levy any larger seignorage than would suffice to cover the working cost and expenses of establishing the undertaking. 12. It is doubtless more convenient that at this distance the proposed Mint should be
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8 impolitic, and the latter alternative would I think be peculiarly Land the Colony at the the Colony upon present moment; for I cannot help feeling that even assuming the fairness of requiring to contribute towards it's Military ixpenditure the circumstances connected with the establishment of the Mint entitle it at present to special consideration and exemption. The Colony at it's own sole expense and risk is inverting £50,000 in an undertaking which will benefit largely British Commercial interests throughout the hast, and effect h direct exving to the Imperial huchequer of not less than £37,500 per annum. But the Colony itself does not expect to derive direct addition to it's revenne any from this large expenditure, even if the scherne should be entirely successful : for it would be mont unwise to attempt to levy any larger seignorage than would suffice to cover the working the cost of expenses repay and etarting the undertaking. 12. It is doubtless, more convenient that at this distance the proposed Mint should be
2026-05-19 05:27:48 · Baseline
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8

impolitic, and the latter alternative would I think be peculiarly

Land

the Colony at the

the Colony

upon present moment; for I cannot help feeling that even assuming the fairness of requiring to contribute towards it's Military ixpenditure the circumstances connected with the establishment

of

the Mint entitle it at present to special consideration and exemption. The Colony at it's own sole expense and risk is inverting £50,000 in an undertaking which will benefit largely British Commercial interests throughout the hast, and effect

h

direct exving

to the Imperial

huchequer of not less than £37,500 per annum. But the Colony itself does not expect to derive direct addition to it's revenne

any

from this large expenditure, even if the scherne should be entirely successful : for it would be mont unwise to attempt to levy any larger seignorage than would suffice to cover the working

the cost of expenses repay

and

etarting the undertaking.

12.

It is doubtless, more

convenient that at this distance

the proposed Mint should be

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