Sufficient progress has now been made with the Shanghai Mint scheme to admit of some details being published. 1t will be situated over the Soochow Creek (in Chapei), roughly opposite the north end of Gordon Road. Plams for the building, which have been entrusted to Messrs. Atkinson & Dallas, are now practically completed, and is expected that work will be started shortly. The building itself is expected to cost about four lakhs of dollars.
The capital of the mint is placed at two and a half million dollars, so that after paying for the cost of the building a large sum is available for the purchase of machinery. Up to the present, it is learned, no contract has been given for the latter, but it is anticipated that it will shortly be allotted, Mr. CE. L. 8. Hewitt has been appointed mint engineer. He was formerly inspector of the Government mint in Manila.
The Shanghai Mint, when completed, will confine its operations to the coining of dollars, and will not produce: subsidiary money,
Text read from the printed page and cleaned; old type leaves the occasional error.