229
Mr ... never sent, (unless secretly by Mackenzie). About one million and a half were offered. Of these nearly three-quarters were in 1866, 6,000 were in 1867, and weren't directly or indirectly on the part of this Government, whilst of the remainder, I am sorry to state that there was scarcely one "clean" dollar - they were "chopped and injured, light in weight, or for other reasons not easily got rid of.
That description of silver was sent to the Mint at its first opening because there appeared a chance of paying and converting into good dollars, free of all cost, some hundred thousands locked up in depreciated currency.
In this instance, therefore, as in all others, selfish calculations of profit were the motives influencing the customers of the Mint, and most convenient motives they are, because they make it possible to gauge beforehand the utility of establishments on the public funding whose success depends on profit in using them.
I admit it is very disheartening that there is an immense stream of this silver constantly flowing into and out of the Colony, and that, nevertheless, none of it can be brought through the Mint. Since the returns received of the present year, according to returns rendered by Mr G. Sharpe, the clerk who prepares the fortnightly summary of auction, imports, and reports for each Mail - there has been imported into Hongkong (including Canton imports) at least 29 millions of dollars and 11 million dollars of Bullion.
229
Mr
seever sent, (unless secretly by Mackenzie). About one million and a
offered. Of there nearly
quarlei
marlei were
19 6,000 wwe
wen't directly
or indirectly
on the part of this Garnment, whilst
of th
the remainder, I am
that there was
as almost all
to state
sorry scarcely one "clean" dollar-
were
#
"chopped and injured,
light in weight, or for the reasons not easily got rid of. That description of
silver
was sent to the Mint at its first opening because there appeared thin as chance of opaying and converting into good dollars, free of all cost, some hundred
thais and
Can.
annen
locked
up
in depriciated
In this instance therefore,
as in
all others, selfish calculations of profit
wore
and lof cons ehr motiver influmoing the customers of the Mint, and most convenient motives they are, because they makes it possible
ti
gange before hand the sutility of establishmenty on the Bublic finding
whose
success depends a profit in using theen.
I
admit it is
very
29. lofind
disheartening
that there
an
immense stream of
of this
silon carstaully flowing into and out Colony, and that, neveriteles,
of it can be burned through the Mint. Since the
mar
returns recurved
of the present year, according to retum renild from Mr G. Sharpe, the quilerman who prepares the fortnightty summary ofluction, imports and reports for each Mail - there has been in ported into Wongting (including Cantin imports) at least 29 millions of dollars and 11 million dellars of Bullion
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