CO129-114 - MacDonnell - 1866 [7-8] — Page 369

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed
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Colony

the use

of the Crins Strick, I

cannot but feel that all that embarrassment

and its attendant expense might have

been avoided

if during the preliminary

discussion of the question it had

occurred to

any

m

to ask of the master

of

the Mint or other competent authority

how many dollars per day would be

required to be coined to

pay expenses

appointed that the

with a seigniorage of 2 per cent. It would then have been at once

proposed coining power of the mint would be insufficient to pay it's cost.. Its Establishment therefore would have been held to be unjustifiable.

Kadi

258 Abb

This appears to be

impartial

very

able

V

I have the honor to be,

Your Lordship's

Most Obedient Servant, Harked Samus Maxwell

Governor.

report on

the

364

progress & prospect, of the Mint but I fear it can

lead to one

Conclusion

only.

and that is that the Mint

is

likely to prove a very

Expensive failure

Coining of Dollars &c

The

for

The Straits Settlements must

may

perhaps take the scale

that earnest

but even

Undertaken

without

the

Aw

increased staff & additional

Machinery

Copy of this & the Treasurer the Parliament of the Mint & ought

whether not the Graham to be asked whether

the circumstances here stated it

Under

Would not be wise to postpone

the appt of the 2d Assayer.

Wa

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Colonythe useof the Crins Strick, Icannot but feel that all that embarrassmentand its attendant expense might havebeen avoidedif during the preliminarydiscussion of the question it hadoccurred toanymto ask of the masterofthe Mint or other competent authorityhow many dollars per day would berequired to be coined topay expensesappointed that thewith a seigniorage of 2 per cent. It would then have been at onceproposed coining power of the mint would be insufficient to pay it's cost.. Its Establishment therefore would have been held to be unjustifiable. Kadi258 AbbThis appears to beimpartialveryableVI have the honor to be,Your Lordship's Most Obedient Servant, Harked Samus MaxwellGovernor.report onthe364progress & prospect, of the Mint but I fear it canlead to oneConclusiononly.and that is that the Mintislikely to prove a veryExpensive failureCoining of Dollars &cTheforThe Straits Settlements mustmayperhaps take the scalethat earnestbut evenUndertakenwithouttheAwincreased staff & additional MachineryCopy of this & the Treasurer the Parliament of the Mint & oughtwhether not the Graham to be asked whetherthe circumstances here stated itUnderWould not be wise to postponethe appt of the 2d Assayer.Wa
Baseline (Original)
Colonythe useof the Crins Strick, Icannot but feel that all that embarrassmentanst its attendant expense might havebun avoidedif during the preterinarydiscussion of the question it hadocenud toanymto ask of the masterofthe Mimit or other empetent authorityhow many dollars per day world berequired to be coined topany expensesappoment that thewith a seignorago of 2 per cent. It would then have been at once.proposed coining perver of the mist wied be insufficient to pay it's cost.. Its Establishment therefore wined at our have been held to be unpristifiable.Кади258 AbbThis appears to beimpartialveryableVI have the hover tebe,Your Lordship'sMbest Obedient Servant, Hacked Samus Mardwell &Governor.report onthe364progress & prospect, of the Mint but I fear it canlead to oneConclusiononly.and that is that the Mint.islikely to prove a veryExpensive failureCoining of Dollars &oTheforThe Straits Settlements musmayperhaps two the sealethat carmestbut evenUndertakenwithoutheAwincreased staff & additionlPrachineryCopy of this & the Treasing the Paretin of the Mint & oughtwhether not the Graham to be asked whettinthe circes here stated itUnderWould not be wise to posth one.the appt of the 2d Assayer.Wa
2026-05-19 10:51:18 · Baseline
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Colony

the use

of the Crins Strick, I

cannot but feel that all that embarrassment

anst its attendant expense might have

bun avoided

if during the preterinary

discussion of the question it had

ocenud to

any

m

to ask of the master

of

the Mimit or other empetent authority

how many dollars per day world be

required to be coined to

pany expenses

appoment that the

with a seignorago of 2 per cent. It would then have been at once.

proposed coining perver of the mist wied be insufficient to pay it's cost.. Its Establishment therefore wined at our have been held to be unpristifiable.

Кади

258 Abb

This appears to be

impartial

very

able

V

I have the hover tebe,

Your Lordship's

Mbest Obedient Servant, Hacked Samus Mardwell &

Governor.

report on

the

364

progress & prospect, of the Mint but I fear it can

lead to one

Conclusion

only.

and that is that the Mint.

is

likely to prove a very

Expensive failure

Coining of Dollars &o

The

for

The Straits Settlements mus

may

perhaps two the seale

that carmest

but even

Undertaken

without

he

Aw

increased staff & additionl

Prachinery

Copy of this & the Treasing the Paretin of the Mint & ought

whether not the Graham to be asked whettin

the circes here stated it

Under

Would not be wise to posth one.

the appt of the 2d Assayer.

Wa

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