275
: the benefit which will be derived by Commercial Interests severally - and the loss to Imperial Funds which must severely result, from the operations of the mint consequent upon the depreciation of the market value of the Dollar in Europe.
It would further appear from the Report of a Commission of Inquiry appointed by the Governor that they were not of opinion that there was much prospect of financial success, but they were averse to any sudden closing of the Mint.
The Governor in submitting this Report states his opinion that the arguments which were in favour of the Establishment of the Mint in the first instance, were based on exceptional circumstances which it is not probable will ever occur again.
He forwards statements showing the actual cost of the Establishment and the total amount of profit which has been derived from it - and contends that with the annual contribution which the Colony has been called on to make in aid of the military expenditure, it is an impossibility that the mint can be maintained out of local Funds.
Sir Hercules Robinson, on the other hand, shows very ably that the mint was not established without full consideration. He disputes the reasoning of the Governor as to the prospects of success for the future, and maintains that the want of it at present arises from exceptional causes, and that those which led to its establishment were not of an exceptional character.
275
:
the benefit which will be derived by Commercial Interests severally - and the to Imperial Funds which must Sevriy result, rome the operations of the muit
And the
ncut debreciation of the
consequent
market nice of the Dollar in Iturria.
It would wither appear four the Report of a Commission of liquory appointed by the povernor that they were not of opinion that there was much prospect of financial success, but they
165
2365/69
202
27777
251
4186/67
For? Conf! 254/68 Gla
for Tep
8593/67646
231 6382
328
5/69
8919/67
were averse to
any
sudden.
closing of the
344 bp
Junt.
9745/67
361
ན
brought forward
The fovernor in submitting this Report states his opinion that the arguments which were in favour of the Establishment of the Sunt in the first instance, were based on exceptional circumstances which it is not probable will ever occur
agane
10710/67 390
34
See also
120
-167.
1744/66
Jwast
1344/67
750
4383/17
again
he forwards statements chewing the actual cost of the Establishment and the total amount of profit which: has been derived from it - and contends that with the annual contribution. which the Colony has been called on to make in and of the military expend = impossibility that the minit can be maintained out of local Funds...
iture, it is au
Fir Aeracles Robinson, on the other hand, shews very ably that the muit was not established without full. consideration. He disputes
the
reasoning of the fovencer as to the prospects= the future, and maintains of success for that the want of it at present arises from exceptional causes, and that
those which led to its establishment were not of an exceptional character.
Ne
P
No comments yet.
Private notes are available after approval.