expenses milil the illins became productive, were clexied off by the profit derived from seiphorage aild Subsidiary coinage, before the end of the the d years operations.
After the Mint was taken over bey the lap accuse Officials the
sidevers in the Standard ciref coliage appears to have suffered but the demand for smidle
Cours has reveaided nuabated
clearly indicating that as the use of the silver subsidiary comage becomes more
widely sprcade the demand grows
a lecapable onanier
and
fcorides while farther to open
an aluat unlimited use
for this perfitable operation in Minting
9.
up to the period of the Cave published amucal report
The Japanese Mics, cover ing a period of five years The average yearly out ture of subsidiary silver pieces exceeded $2.000.000.
0.0
or
to be exact the amount
these coins struck from opening of the Mint in August
189/1
411
1871 to the 30th June 1876 (the dan of the last anual report) was $12.091.273.65 the abar profil on this operations alone after de. ducting the cost
the cost of Minlage, would be at least # 1. 209. 12/7/8 en to
£ 241.800 Alailing
is added
When
say his
the profit from coinage.
of brouge (copper) which reached during
period, no less a mucker than 188.317. 487 pieces
the
has
amounting in nominal value to $1.905.984 61 The Mintage produces and as a very large proportion
the subridian silver appears to have left lapaw the profil. on it is absolute.
au everuous summ
The Government would of course coin without charge
have to re
The Norw
pieces which may
future
be
brought to the Mind in gears but as the life of a con may be lakew on the average at about 50 year the cost against profits would be scarcely
appreciable.
Current
By the mouthlyg reports for the
year
then appears to be no falling off in the out turn of Subsidiary coins, the silver
piece
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