CO129-501-9 Currency- supply of Hong Kong one cent pieces 21-12-1926 - 6-1-1927 — Page 8

Extract from a Report by the Deputy Master of the Mint dated 21st December, 1926.

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On the whole I should be inclined to recommend

that in future coinages a piece with a diameter of

approximately 0.8 inch and a weight of 43.75 grains should

be adopted, which is the size of our existing farthing at

home. This will bring the Hong Kong 1-Cent piece more into

line with the other small bronze pieces of the world, and

with the cost of bronze metal about as at present, will

ensure a small profit to the Government, even if the exchange

s d

value of the dollar goes as low as 1/5, es follows

Mint Charge for manufacturing including f.o.b.

charges London Port per 1000 pieces

Cost of metal at current prices (Copper 64, Tin 309, Zinc 33 = £71.30s. per ton) at 10 pieces = 1 oz. av. per 1000 pieces

Add 5% for freight, insurance, etc

1000 pieces $10

s.d

1$

(say)

e.d.

s.d.

9.0.

4.0.

8.

13.8.

1.5.x

x This will allow for metal up to 4/4 per 1000 pieces.

From the Hong Kong (Coinage) Order 1895 it appears

that the proposed new coin can be issued by a local

Proclamation made by the Governor with the approval of H.M.

Treasury and a Secretary of State. The Schedule required

would, if the foregoing suggestion is accepted, read as

follows:-

1 Proportion