CO129-329 - Governor Nathan - 1905 [7-12] — Page 622

؟

*

:

618

value of the dollar at 2 shillings which it approximates at

present. Adding to this amount the $40,000 estimated above

to be received from seigniorage for the British dollar we

get a sum of $176,000 which must cover interest on capital

and working expenses if the mint is not to be run at a

loss.

6.

-¥i® _HL'ss!

།ཀུས་ཏནས་ཆུ་ཤ---,

Treas

14848

To guide us in an estimate of the

capital expenditure required for the establishment of a

B

mint at Hongkong, we have estimated cost of appliances

A

contained in paragraph 7 of a Memorandum by the Deputy

Master of the Mint of which a copy was received here in

Mr. Chamberlain's Despatch No. 179 dated the 23rd. May,

Of 1901. This estimate amounted to £15,000 but only provided

presses for coins not larger than 20 cent pieces, and did

not include freight and the cost of erection of the ap-

-pliances at Hongkong nor the machinery required to work

them.

In these circumstances $250,000

would not seem too large a sum to put on one side for ap-

-pliances; the buildings would certainly cost an equal

amount and for safety might be put down at $350,000. In

this connection it may be noted that the cost of establish-

-ing