CO129-129 - Sir MacDonnell - 1868 [1-3] — Page 381

warking order I do not feel warranted

in

entering into any agreement for working the Maint on

leorporation

behalf of this

There is I think but little doubt

that circumstances hitherto have been adverse to the success of the Maint we have so far perhaps not had

sufficient excherience of the effect Exchanges which

may

on tw

be produced by

the direct communication lately opened between this and San Francisco and although the probable large importation

of Silver may tend to keep loxchange

return to

low

0.

would at

once

wvew

throw

former average rates

a

large

amount

of Bullion into the Mint for coinage

379

aw

amount perhaps sufficient to

''',

compensate for keeping the Mint open

the present.

ab

at times such

I have He

Signed) M. Jackson Moanager.

Que Copy)

Acting Colonial Senetary