The Sun.
London, England, 1853-05-17 00:00:00

TABLE 11.

" The following is a short table of the annual produce of
gold and silver in the years 1801, 1840, and tho estimated
produce for 1852 :

_
Gold.
*lBOl +lB4O +1852
Eastern Continent ... £250,523 £2,245,802 £17,752,732
Western ditto ..... ... 2,361,776 1,301,560 22,041,666

£2,612,369 £3,547,362 £39,794,398
Silver.
*lBOl 11840 • 11852
Eastern Continent £657,683 £1,204,396 £1,605,024
Western ditto 6,928,252 5,261,619 7,622,814

£7,585,935 £6,465,925 £9,227,835
Total Annual Produce of Gold and Silver.
*lBOl +lB4O +1852
Gold £2,612,369 £3,547,362 £39,794,398
Silver 7,585,935 6,465,925 9,227,835

£10,198,301 £10,013,287 £49,022,235
* Exclusive of Africa, Chita, and Japan. _ _

f Including Africa, but excluding China and Japan.

Gold. Silver. Gold. Silver.
In 1801 19 tons avoirdupois to 856 tons, or 11b. to 451 b.
1840 27 fl 714 „ 11b. to 261 b.
1852... 286 f f 1,019 „ 11b. to 31b.

Subjoined is the estimated annual produce of the pre-
cious metals in tons, and the proportion of gold to the
silver in the years 1801, 1840, and 1852 :
" The annual consumption of the precious metals in the
arts is supposed to be 6,500,0001., of which at one time
1,454,000/. might be estimated to consist of gold, but it is,
now pro ably, 2,300,000/. of gold, the rest—namely,
3,soo,lllll.—being silver. Yet, the above estimated con-
sumption of gold must be considered as allowing for a large
increase, inasmuch as the annual produce of gold between
the years 1801 and 1840 never amounted to 4,000,0001.,
and, in fact, appears by the foregoing table to have been
under 3,000,000/. in 1801, when the mines were even then
supposed to be doing well. Deducting, however, 3,000,0001.
from the estimated produce of gold for this year—namely, •
39,794,3981., leaves no less than 36,794,3981. to be converted
into coin. As the total circulation of gold coin in Great
Britain and Ireland in the year 1780 was reckoned by the
Mint authorities at 26,003,1351., the present annual pro-
duce of gold thus exceeds the circulation of those days by
10,791,2631. And on comparing 36,794,3981. with the table
of the coinage of the United Kingdom, we find that it is up-
wards of one-sixth of the entire gold coinage of the United
Kingdom in the period of 247 years ending with December
1850. Such an increase in the production of gold cannot
fail to produce in the old country results akin in some re-
spects, and widely different in others, to those which every
one in Victoria has witnessed in the last twelve months.
Of this, however, there cannot be the slightest doubt that
the great mass of the people of Britain will derive immense
benefit from the new gold fields of America and Australia.
" The following table (No. 3) shows the amount of gold
and silver coin required in three of the principal States of
the world in the 50 years ending 1850. It is divided into
four periods for the sake of showing the immense increase
in the gold coinage consequent upon the rich discoveries of
gold in Russia, California, and Australia. The first period
exhibits the total amount, together with the average
yearly coinage of gold and silver required in the first
40 years of this century, or till the Russian gold washings
became decidedly important, that is to say, in the year
1840, when they began to yield upwards of 21,8751 b. troy
yearly of purely gold, that quantity being equivalent to
1,115,0371. The second period contains the amount coined,
and likewise the yearly average of both metals, in the seven
years ending with December, 1847, this date being a few
months before the discovery of the rich deposits of gold in
California. The third period shows the amount coined,
and also the average of the yearly coinage of both metals,
since the Californian discovery, namely, for the years 1848,
1849, and 1850. The fourth period gives, as near as, can
be ascertained, the gold coinage in 1851 and part of 1852,
when gold was found abundantly in Australia :

TABLE 111.
FIRST PERIOD.
Gold coined in the 40 years ending 1840.

Total Amount. Yearly Average
United Kingdom
United States 5,647,321 141,183
France (about)

£113,499,945 £,827,497
Silver coined in the 40 years ending 1840.

Total Amount. Yearly Average.
United Kingdom
United States 11,203,215 280,080

France (about)

£147,907,319 £3,697,632
Gold and silver coined in the 40 years ending 1840.
. .

Total Amount. Yearly Average,
United Kingdom £75,620,565 ... £1,890,514
United States 16,850,543 ... 441,263
France 168,964,146 ... 4,223,353

£261,405,254 £6,535,130
SECOND PERIOD.
Gold coined in the seven years ending 1847.
(Ace note.) Total Amount. Yearly ATerage,
United Kingdom £30,264,929 ... £4,232,561
United States 8.158,316 ... 1,165,188
France (about)

£11,923,245 £5,897,747
Silver coined in the seven years ending 1847.
Total Amnont. Yearly- Average
United Kingdom... £2,572,631 £367,518
United States
France (about) 8,600,000 ... 1,228,571

£14,586,572 £2,083,794
Gold and silver coined in the seven years ending 1547.
Total Amount. Yearly Average
United Kingdom £32,837,560 ... £4,691,080
IJ-iited States 11,572,257 ... ],653,179
France 12,100,000 ... 1,728,571

£56,509,817 £8,072,830
THIRD PERIOD.
Gold coined in the three years ending 1850.
Coined per Coined per Coined per Total
Tn annum in annum in annum Amount
the the United the United lit In the three Yearly
year Kingdom. States. France. Countries. Average.
1848...2,451,999 786,565 1,234,472 4,473,036 1,491,012
1849...2,177,955 1,875,158 1,082,382 5,137,497 1,712,499
1850...1,491,836 6,662,851 3,407,691 11,562,382 3,854,127

6,121,790 9,324,577 5,726,526 21,172,912 7,057,638
Silver coined in the three years ending 1850.
Coined per Coined per Coinel per Total
annum in annum in annum Amount
In the the United the United in in the three Yearly
Year Kingdom. States. France. Countries. Average.
• k
1848...35,442 425,010 3,902,613 4,363,065 1,454,355
1849 119,592 440.614 8,261,946 8,822,152 2,940,717
1850 129,096 388,770 3,458,336 3,972,205 1,324,068

284,130 1,254,394 15,622,895 17,161,422 5,720,474
Gold and Save coined in the three years ending 1850.

Total Amount.
£8,836,101
13,959,647.
15,538 586

Yearly Average.
£2,945,367
4,853,215
5,176,195

£38,333,334 £12,777,718
Gold coined in the United Kingdom in the 50 years
ending 1850.

Yearly
Average.

In the Ist period of 40 years, end-
ing 1840 X 64,418,461 £1,610,461
In the 2d period of 7 year., ending
1817. 30,264,929 4,232,561
In the 3d period of 3 years, ending
1850 6,121,790 2,040,596

£100,805,180
Silver coined in the United - Kingdom in the 50 years
ending 1850.

Yearly
Average,

In tho tat period of 40 years, end-
ing 1840 £11,203,215 £280,052
In tho 2d period of 7 years, ending
1847 3,413.941 384,518
In the 3(1 period of 3 years ending
1850 1,254,394 94,710

15,871,550
Gold coined in the United States in the 50, years ending
1850.

Yearly
Aye ra.ze

In the Ist period of 40 years, end-
ing 1840 p5,647,328 £141,183
In the 2d period of 7 years, ending
1847• 8,158,316 1,165,188
In the 3d period of 3 years, ending
1850..

9,324,577 3,108,192

Gold coined in France in the 50 years ending 1850.

Yearly

Average

In the let period of 40 years, end-
ing 1840 f',43,434,156 £1,085,853
In the 2d period of 7 years, ending
1847
In the 3d period of 3 years, ending
1850

£52,660,682
Silver coined in France in the 50 years ending 1850.
Yearly
Average.

In the lst period of 40 years, end-
ing 1840 £125,500,000 £3,137,500
In the 2d period of 7 years, ending
1847
In the 3d period of 3 years, ending
1850

15,622,895 5,207,631

• 2149,722,895
Summary of the Gold Coinage in the 50 years ending 1850.
United Kingdom n 00,805,180
United States 23,130,221
France 52,660,682

£176,596,083±50yr5.=£3,531,921per an.
Summary of the Silver Coinage in the 50 years ending

- 1850.
United Kingdom £14,058,865
United States 15,871,550
France 149,722,895

X179,653,310±50 yrs. —£3,572,6G2 per an.
Total of the Gold and Silver coined in the United King-
dom, United States, and France in 50 years ending
1850.
Gold..
Silver

£176,596,083
179,653,310

£356,249,396