384
11. The following results are derivable from above calculations :- Exchange at 31-
Ten cent rate.
United Kingdom,... {Profit by English mail;
French
""
13
Other Countries,......
*}
Exchange at 3/7
.£ 400 £870
-£1,270
£1,785
English and French mails,..
Total profit,......... £3,055
Ten cent rate.
United Kingdom,... {Profit by English mail,
Other Countries,......
...£ 950
French
..£1,225
""
27
""
£2,175
1
English and French mails,..
.£2,435
Total profit.......... £4,610
Five cent rate.
Exchange at 3)-
United Kingdom, {Loss by English mail,
French
"J ""
""
mail,......................
..£
£1,010 45
loss, £1,055
Other Countries,....Profit by English and French mails,.........profit, £ 120
Exchange at 3/7
Dead loss,..
£ 935
Five cent rate.
United Kingdom,Profit by French mail,
Loss by English mail,
£736
.............£132
Other Countries,....
}}
loss, £604 English and French mails,......... profit, £445
Dead loss,...............
£159
12. It appears therefore that with exchange at 3/- there will be a total dimi- nution of the Revenue of the Colony upon a reduction of postage of £3,990 per annum made up as follows:--
Total profit at 10 cent rates,
""
loss at 5 cent rates,..........
..£3,055
£ 935
£3,990
With exchange at 3/7, the Colony will incur a loss of £3,214 per annum made up as follows:-
Total profit at 10 cent rates,
loss at 5 cent rates,.
.£3,055 .£ 159
£3,214
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