CO129-114 - MacDonnell - 1866 [7-8] — Page 380

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed
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375

ensely to the period have added imm. difficulties of the position.

The Cost of the Establishment cannot be decreased, the experimental character of the undertaking has from the first been borne in mind in compliance with the expressed orders of His Grace the late Duke of Newcastle and in consequence the Mint is very barely supplied with Machinery excepting in the Rolling Mill.

In fact to make a great success of it even under a seignorage will not nearly pay the cost of working the Establishment, it will therefore be necessary to carry to its Credit Coinage which until a much larger Coining power is applied, would not go far towards the desired result.

Supposing all the existing presses were adapted to coin 10 Cent pieces and that the other departments were enabled to find the required number of blanks and that by working 10 hours instead of ... more favorable state 7 many as 80,000 could be produced per day the seignorage would only amount £32 whilst the profit of things, will require not only a large increase to the Staff but considerable addition to the machinery.

The subsidiary coinage on the mere ... to £160 say would be about £200.

I should therefore recommend that

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375 ensely to the period have added imm. difficulties of the position. The Cost of the Establishment cannot be decreased, the experimental character of the undertaking has from the first been borne in mind in compliance with the expressed orders of His Grace the late Duke of Newcastle and in consequence the Mint is very barely supplied with Machinery excepting in the Rolling Mill. In fact to make a great success of it even under a seignorage will not nearly pay the cost of working the Establishment, it will therefore be necessary to carry to its Credit Coinage which until a much larger Coining power is applied, would not go far towards the desired result. Supposing all the existing presses were adapted to coin 10 Cent pieces and that the other departments were enabled to find the required number of blanks and that by working 10 hours instead of ... more favorable state 7 many as 80,000 could be produced per day the seignorage would only amount £32 whilst the profit of things, will require not only a large increase to the Staff but considerable addition to the machinery. The subsidiary coinage on the mere ... to £160 say would be about £200. I should therefore recommend that
Baseline (Original)
6. 375 ensely to the period have added imm. difficulties of the position. The Cost of the Extablishment camot be decreased, the experimental character of the undertaking has from the first be di borne in mind in compliance with the expressed orders of His Grace the late Duke of Rew Castle and in consequence the Mint is very barely supplied with Machinery excepting in the Rolling Mill. In fact to make a great success of it even under a seignwage will not nearly pay the cost of working the Establishment, it will a therefore be necessary the profit かて this to carry to its Credit Coinage which until a mich larger Coining power is applied, would not go far towards the desired result Supposing all the existing presses. were adapted to coin 10 Cent pieces and that the other departments were enabled of blanks to find the required number and that by working 10 hours instead of مش more favorable state 7 many as 80,000 could be produaed per day the se ignorage would only amount £. 32 whilst the profit- of things, will require not only a large increase to the Staff but considerable addition to the trachinery. The subsidiary coinage on the mere to f 160 say would be about £. 200. I should therefore recommend that
2026-05-19 10:52:19 · Baseline
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6.

375

ensely to the

period have added imm. difficulties of the position.

The Cost of the Extablishment camot

be decreased, the experimental character of the undertaking has from the first be di borne in mind in compliance with the expressed orders of His Grace the late Duke

of

Rew Castle and in consequence

the Mint is very barely supplied with Machinery excepting in the Rolling

Mill.

In fact to make a great success

of it even under a

seignwage will not nearly pay

the cost

of working the Establishment, it will a

therefore be necessary

the profit

かて

this

to carry to its Credit

Coinage which until a

mich larger Coining power is applied,

would not go far towards the desired

result

Supposing

all the existing presses.

were adapted to coin 10 Cent pieces and that the other departments were enabled

of blanks

to find the required number

and that by working 10 hours instead of

مش

more favorable state

7

many

as 80,000 could be produaed per day the se ignorage

would only amount £. 32 whilst the profit-

of things, will require not only a large increase to the Staff but considerable

addition to the trachinery.

The subsidiary coinage

on the mere

to f 160 say

would be about £. 200.

I should therefore

recommend that

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