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COINAGE OF GOLD.

The annual report of the Deputy. Master of the Royal Mint for 1900, which has just been issued, contains a vast amount of interesting information concerilng the manufacture of the coins which form the basis of exchange in the trade of the Empire. The document deals not only with the Royal Mint, but also with the branches at Sydney, Melbourne, and Perth, so that it gives a complete view of die operations of the year. Its most striking figures refer to the quantity of metal converted into coins, and from these we learn that 102 tons of gold, 234 tons of silver, and 389 tons of bronze were used at the Royal Mint alone during the twelve months. The Australian Mints coin gold only, but that their annual output is by no means insignificant may bo gathered from the following table showing the manufacture of sovereigns and halfsovereigns in the four places during the year :

20,729,015 4,667,838 23,127,873

In addition to the coined gold, the Sydney Mint issued bullion to the value of £15,738 2s Id,, and the Melbourne Mint to the value of £122,290T0s Id, and it has bean suggested that gold ingots should be more largely used than they are at present for the purpose of shipment. It does seem l.ke a waste of labour to coin the gold that is sent to India, for instance, where it has to bo melted down and coined again into the particular tokens employed in the country, The number of pieces stuck in the Royal Mint last year reached 107,689,518 which added to the 24,914046 stuck in the colonial mints, gave the enormous total of 132,603564. Thisisnotqui'.e so large as the number struck in the previous year, when the total was 144,823,124 but the value of coins in 1900 was higher than that of the coins in 1899, the respective figures being £23,127,873 and £18,889,735. Last year’s total is the highest ever recorded, the demand of the South African war having been added to the ordinary requirements of an expanding trade. The withdrawal of light gold coins appears to be smaller than usual, but this is ascribed to the faoi that previous withdrawals had placed the coinage in a high state of efficiency. The loss on the half-sovereigns is much more rapid than the loss on the sovereigns, and the total deterioration absorbs a very large part of the profit derivedfrotn the coinage of silver and bronze.

SANDER & SONS’ EUCALYPTI EX TRACT*—Under the distinguished patronag of His Majesty the King of Italy, as per com munication made by the Minister forfForeign Affairs, through the Consul-General or Italyai Melbourne, March 14, 1878. Awarded diploma at the Amsterdam Exhibition, 1883Aoknowledged by Mdieal Clinics and Universities all over the Globe.

There are imitations of Eucalypti Extract in the market, products of simple distillation, forming crude, resinous oils. In order chat these crude oils may not be taken for our pursolatile Eucalypti Extract, which is recognise by the Medical Division of the Prussian Goernment to be of perfectly pure origin, as par nformation forwarded to us through the Consul at Melbourne, March 2, 1878, we vtate:—

It is proved by tests made by the Medical Clinics of the Universities of Bonn and Griefswald (Prussia), and reported toby Dr Schultz Professor of Pharmacology at Bonn, and Professor Dr Mossier, Director of the Medical Clines at Griefswald, that only products that are saturated with oxygen and freed of acids resinous and other substances adherent to primary distillation, will develop the sanative qualities proper to the plant. All crude oils or so-called Eucalypti Extracts, are to be classed according to the named authorit- is, among ,the turpentines, which arc abandoned long since as an internal medicament. Ti tse crude oil, or so-called Eucalypti Extracts, are discernible: -

1. By their deficiency in pungent odor Iwhich our product, the only genuine Euaa ypti Extract, develops most freely througu ts surplus oxygen.) 2. By their alcoholic, thin, and mobile ap pearance, being reduced to specific density through the presence of acids. 3. By their taste, the result of contract ing tendency of resins and tanats. If these crude oils, or so-called Eucalypti Extracts, are applied by mistake in eases of croup, bronchitis, dipthcria, internal inflammation, dysentry, etc., the consequences are most appalling. For safety’s sake ask always or Sander and Sons’ Eucalypti Extract.— Sandhurst, Victoria, Australia.—SANDEß & SONS.

HalfSovereigns, sovereigns. Value. O London 10,951,022 5,305,542 13,193,732 Sydney 3 586,000 130,000 3,716,000 Melb’rne 4,305,904 112,933 4,362,364 Perth 1,836,089 119,376 1,945,777

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/GEST19011113.2.36

Bibliographic details
Ngā taipitopito pukapuka

Greymouth Evening Star, Volume XXXI, 13 November 1901, Page 4

Word count
Tapeke kupu
750

COINAGE OF GOLD. Greymouth Evening Star, Volume XXXI, 13 November 1901, Page 4

COINAGE OF GOLD. Greymouth Evening Star, Volume XXXI, 13 November 1901, Page 4

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