CO129-129 - Sir MacDonnell - 1868 [1-3] — Page 29

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All Mints work

more or

Lesi

spasmodically and are particularly Sensitive to the state of Commerces, it is therefore difficult to arrive at exat resutts. Presuming however that this Mint was fully employed, and producing

ow average of 50,000 dollare per day for five days per week; the

cost including 10 per cent per. for depreciation of plaint and the per cent per anseen

for interest on entire outlay be estimated at 1/4 per cent

may

O

including or working loss.

on metal

of 2 per mille. As Premetting loss is invariably borne by the Importer

it is not included in the above.

2ndly Seignorage

age us a

temporary

arrangement has been reduced to

C

to one per cent at the Hongtting Mint but I per cent is the rate established

by

the Ordinance and is the samne as

that charged at the Indiain and other Mints coining on Seignorage. This charge lowes a four overage

margin in established-Mints to meet expenses when at rest, but if a Mint could be fully employed at this rate on large coins or Gold. considerable profit would result.

The Royal Mint in England Coins Gold free of charge, but there is a profit dependent on the market value of Silver on its coinage of about / per cent, also

very large profit in Bronze . It is usual by lowering the Standard to make the