In the opening of the Mint, the value slightly exceeded $382,000, the loss to Government being considerable.
5
436
$1,480,339 with a resulting profit of $18,823, including profit on alloy in Subsidiary coinage.
16.
No 3 gives the monies coined at the Mint for the Public on which Seignorage was charged. This return may be regarded as the true test of public patronage bestowed on the Mint and is specially important because it is on that patronage, of course, that its final success must depend. The resulting profit exhibited by that Table amounts to coinage of $978,000.
No II is the most compendious summary of State disappointment at the reluctance of the Public to call for the subsidiary coinage, (No 328 § 12. 8919) though "a priori" one might have expected a most extensive demand for a currency so essential to Public convenience in neighbouring Countries where small broken pieces of silver wrapped in paper are still, as at Macao and Canton, the ordinary medium of exchange.
The total value of all the monies coined at the Mint since its opening is equivalent to only $7,089. On a former occasion, it was reported that in this city, at least, that barbarous custom no longer prevails.
I opening of the Meint. Ito value slightly
excuded $382,000, the loss to Government being considerable.
5
436
$1,480,339 with
with a resulting profit of
$18,823, including profit on alloy in
Subsidiary coinage.
16.
No 3
gives
the
monies coined at
Vide Governor
8.
I have already reported my
the Moint for the Public
on
which
to
Seignorage was charged. This return
may
be regarded as the true test of Sublic patronage bestowed on the Maint and is specially important because it is
on that patronage of
course that its
must depend.
final suecep
depend. The resulting Shofit exhibited by that Table
that Table amounts
coinage of $978,000.
No H is the most
the most compendious
Semetary of State disappointment at the reluctance of the Public to call for the subsidiary coinage,
(No 328'§ 12.
8919
though "a priari" one might have
expected a most extensive demand
for a currency so epential to Public convenience in neighbouring
neighbouring Countries where small broken pieces of silver
paper are still,
wrapped in paper
still, as at Macao and banton, the ordinary
medium of exchange for
only to #7,089.
on a
bumb
lefo
ملز
Table, and
all the monies of coined at the Mint since revery species
opening, equivalent in value to
only
than
a dollar!
In this
city
at least
that barbarous custom no longer
CH
prevails.
ques
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