114
Do you agree.
But before this proposal can be entertained, the cost of such a Dollar must be accurately ascertained. Lord Carnarvon will observe that the facts reported by Sir Fremantle are unfavourable to the scheme at The Mint.
United States one half of one per cent of the change is for the carriage of silver— to only Cent. that it is difficult to suppose this seignorage can cover the cost of coinage, but without further information, My Lords can form no opinion upon which ground a change has been adopted. It is evident in these circumstances that a dollar coined in England, or indeed in Calcutta, must cost more than dollars purchased in the open market, and it is also evident that the difference must be borne...
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114
Do u ar.
But before this
pra pas a l
the
could be entertained,
cast of such
a
Dollar
must be
ccurately ascertained.
Lord Carnarvon will observe
that the facts reported by
We Fremantle
are unfavourable
to
the scheme
The Mint.
▾
United atates
one
half of one per
change of the
for the carriage of silver-
to only
Cent.
that
It is difficult to suppore
this seignorage
seignorage can cover
the
the cast of coinage, but-- without further information,
My
as
Loods can
to the
2 mall
form no opinion
und upon which
groun
a
change has been
adopted. I t
any
is evident in
circumstances that a
dollar coined in England,
of indeed in Calcutta, must
cost
more than dollars pure havd
in the open
market, and it
to also
evident
that
the
difference
must be bome
відд
Page 120Page 121
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