TNAG-0717-FCO40-914-Banking-and-monetary-matters-in-the-Dependent-Territories-is-1978 — Page 122

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sole right to sell coins locally will influence these figures and their return may in fact prove to be higher. On the basis of the

contractual terms the figure for Belize over the period 1975-76 (146%)

seems unrealistic. However, it is possible that this return could

have been achieved by substantial local sales of proof sets by the Government.7 The overall return on orders placed directly with the

Royal Mint was in the region of 250% for the Falkland Islands and is

expected to be about 103% for Tuvalu. Bermuda's 1972 contract with

Spinks netted 236% of the face value of coins issued while Gibraltar's

contract with the same company is showing only a return of 27%. This

may result from the relatively low price at which their three gold coins are sold - £100 at £130, £50 at £65, £25 at. £32.50 and a proof

set of all three at £417.50. This compared with the Falkland Islands'

gold proof set (face value £8.50) which sells at as much as £450.