Page:Indian Journal of Economics Volume 2.djvu/392

 In fae, he Hongkong Govenmen had been supply- ing ho neighboring Chinese province of wih subsidiary coin, and spending the seigniorage as curronl revenue, unlil the Kws, ngtung handsome Provincial Government, realising the profits to be made, began 0IBCULATION AND PROFITS OF UBSIDIABY COIN 189S- 1896 1897 1898 1899 1ooo 1901 19t 1908 190 1805 1908 190g 11o  Tb Approximate mount of H. K. 8fiver snd oopper subsidisry eoins put into oirouls- tion up to Dso. 8185. $ 11918,195.00 18,750,195.00 15,985,195.00 18,485,195.00 1,778,1.00 516,888,151O.00 9,985,1.00 88,71,1 6.00 85,498,1 6.00 89,788,1 6.00 4,618,46.00 48,604,05.00 48,999,880.00 48,999,880.00 5,57,469.04 88,479,870.96 Wlthdmwn '$,468,000.00 Nil 810,000.00 820,9.04 49,100.00 5,57,459.04 Profit $ 811,845.55 1,600.88 110,196.0 115,015.91 148,044.49 158,668.6 191,88.40 188,1.90 16,586.87 76,440.18 100,7g.08 41,880.00 887,987.86 Nil 164,674.7 76,865.1'/ 166,28.67 g,lg6,g84.66 795,757.91 1,480,476.75 795,757.91 to coin its own dollars and subsidiary coin. The Canton mint was set 'up in 1888, but soon discon- tinued the minting of dragon dollars, turning itself to the more profitable and congenial task oi minting subsidiary coin. O! all this subsidiary coin the most popular are the twenty cent pieces, which have now become the coremchest currency of. Canton. That minting went on, until in 1916 the twenty cent pieces were discounted almost to their rather uncertain