CONFIDENTIAL ##
機密
= 5
XCC(74)66
16
The only direct consequential cost to the Government arising from the proposed change would be that of adapting coin- operated machines. Parking meters are the only significant case: the maximum expenditure that could arise is estimated at $520,000 at present costs.
17
The committee makes no recommendation about compensation for any costs incurred by the private sector, but points out that such costs would be accompanied by longer-term benefits. The number of coin-operated machines in the private sector is thought to be small. It is not proposed that compensation should be offered.
18
The costs of providing the proposed new coins, and of adapting parking meters, would have to be met from approved provisions. Submissions would be made to the Finance Com- mittee in due course for additional funds, The return from the scrap value of old coins would go to general revenue, which would also gain the benefit of the lower future maintenance costs,
Publicity
19
An early announcement of changes to be made in the coinage would be helpful to organisations with plans for future mechanisation; and the maximum possible advance notice of implementation dates and specifications is necessary to allow for planning and preparation, especially by organisations with existing machines which will need adaptation.
20
Moreover, experience elsewhere has shown that the general public can be expected to take a close interest in changes in the coinage, representing as it does a part of everyday life. There is a more detailed interest from numismatists, abroad as well as at home (the report mentions 12 million coin collectors in the USA).
21
It is not proposed that the committee's report should be published. It contains opinions which may appear offensive to some organisations which submitted comments or suggestions; and some of the detailed discussion about costs should be private to the Government. Honourable Members are asked, therefore, to continue to treat these matters as confidential.
CONFIDENTIAL
機密
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