$5
the Mint in Hong Kong it is stated that it has been found by experience that the English presses ( I Watt & (os)
work better and turn out better.
revolutions than they dollars at 66 revolutions than
did at 45 per minute. Mr. Kinder has come to the conclusion that
French
with two Watt's and one press (now in action) he will be able to com in seven hours, with a continuous supply of blanks, uperards of 50,000 Dollers. On the 17th October 28,000 Dollars were actually coined with
irregular supply of blanks. It is said that the productive power of the Mint had been estimated by the Governor
at 15,000
By
an
16,000 Dollars per day.
There appears then
no reason to
doubt that the difficulties of
of being
overcome, and that the Mint will work successfully
brought to it in
provided silver is sufficient quantity.
With reference to cost,
estimate is that the Mint as
likely to cause
established is
my
first
expenditure of about £20,000 per
ar
ann;
and that it is not reasonable to expect it to be capable of turning out with a sufficient suffly of silver more than 16 or
17,000
Dollars per day,
on
or
an
three
average, for the first two
years of its existence. This would be Five Million Dollars
a
year, of the value in round numbers of £1,000,000, and yielding therefore ann. upon a seignorage
Mr. Mackenzie
£20,000
20,000 per
of Two per cent.
ie m
his letter to Sie Stercules Robinson. estimates that 8 or 10,000,000 Dollars
manufacturing
are in
a
fair way of
dre
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