12. The possibility of improving the position of the Government rent in such operations by increasing the producing powers of the Mint is also negatived by the Commission, as the Chinese Market ordinarily offers a premium of ... per cent for ... more profitable would the Mint be- and in fact ability to avail itself of those rare occasions would be its chance of profit- as it might only have only two or three weeks wherein to ... silver ... either in large or small quantities, merely because it may be moulded into the shape of Hong Kong dollars. Nevertheless, if varying exchanges and other circumstances, as admitted by the Commission, may occasionally render Minting profitable, it is clear that the more machinery and staff available for reaping such brief harvests, the ... the ... Scheme ... a farce ...
13. ... earn its years expenses. As to profit from subsidiary Coinage, it is clear those coins contain twenty per cent alloy; they would in that way return one hundred dollars for eighty only that the Colony unfortunately cannot easily get rid of the one hundred dollars so manufactured. In fact, I now pay eight per cent for dollars borrowed for current expenses, whilst the Treasury vault ... The ... Com ... Anyafore be...
12. The possibility of improving the position of the Government
rent in
such operations by increasing the producing powers of the Mint is also negatived by the Commission,
as the
Chinese Market ordinarily offers
two premium of
per cent for
more
219
profitable would the Maint be- and in fact ability to avail itself
of those rare occasions would be its
chance of profit- as it might
only
have only two or three weeks wherein
to
mno
silver
-ar
either in large or small quantities, Merely because it may be moulded into the shape of Hongtong dollars. Nevertheles, if varying Exechanges other circumstances, as admitted by the Commision, may occasionally render Minting profitable, it is
perfect the
clear that the more
Machinery and Staff available for reaping such brief harvests, the
*
the
bocatto
Scheme
a fartsine
13.
eam its
years expenses.
As to profit from subsidiary
Coinage it is clear, those coins
contain twenty per cent alloy, they
would in that
way return one
ninety hundred dollars for eighty only that the Colony unfortunately
cannot easily get rid of the one
siden hundred dollars so manufactured. In fact I now pay eight per cent for dollars borrowed for current expenses, whilst the Treasury vault
The thinte Com
Anyafore be
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