But if there had been a seignorage of two per cent.

但如果有百分之二的税。

In France, a seignorage of about eight per cent.

在法，税约为百分之八。

If it is equal to the seignorage, there will be neither profit nor loss.

如果等税， 则既无盈利也无亏损。

If this difference is less than the seignorage, there will be loss instead of profit.

如果这个差额小税， 就会出现亏损而不是利润。

If the seignorage had been two per cent., there would have been neither profit nor loss.

如果税为 2%，则既无利润也无损失。

But if there had been a seignorage of four or five per cent.

但如果有百分之四或百分之五的税。

If the seignorage had been one per cent., there would have been a profit but of one per cent.

如果税是百分之一，那么利润也只有百分之一。

If, before the late reformation of the gold coin, for example, there had been a seignorage of five per cent.

例如，如果在最近的金改革之前， 有百分之五的税。

In France, however, though the seignorage is eight per cent., no sensible inconveniency of this kind is found to arise from it.

然而，在法，虽然税为百分之八，但并没有发现由此产生的任何明显的不便。

The coinage, another institution for facilitating commerce, in many countries, not only defrays its own expense, but affords a small revenue or a seignorage to the sovereign.

在许多家，是促进商业发展的另一种制度，它不仅支付自己的开支，而且还向君主提供少量收入或税。

If it is greater than the seignorage, there will, indeed, be some profit, but less than if there was no seignorage.

如果它大税， 确实会有一些利润， 但比没有税时要少。

Though the bank, therefore, paid no seignorage, though the government was properly at the expense of this coinage, this liberality of government did not prevent altogether the expense of the bank.

因此，尽管银行不支付税， 尽管政府适当地为这种付出代价， 但政府的这种慷慨并没有完全阻止银行付出代价。

If the seignorage had been only one per cent., and the gold currency two per cent. below its standard weight, the bank would, in this case, have lost only one per cent.

如果税仅为百分之一，而黄金货为百分之二。如果低其标准权重，在这种情况下，银行只会损失百分之一。

They would neither lose nor gain, therefore, upon the whole transaction, and they would in this, as in all the foregoing cases, be exactly in the same situation as if there was no seignorage.

因此，在整个交易过程中，他们既不会损失也不会获利，而且在这种情况下，就像在上述所有情况下一样，他们将处完全相同的境地，就好像没有税一样。

A small seignorage or duty upon the coinage of both gold and silver, would probably increase still more the superiority of those metals in coin above an equal quantity of either of them in bullion.

对黄金和白银的征收少量税或关税，可能会进一步增加这些金属的优越性，超过同等数量的金条。

They would, indeed, have had the seignorage to pay, which being two per cent., their loss upon the whole transaction would have been two per cent., exactly the same, but no greater than it actually was.

事实上，他们本应支付百分之二的税，他们在整个交易中的损失将是百分之二，完全相同，但不会比实际情况大。

Wherever money is received by tale, therefore, and not by weight, a seignorage is the most effectual preventive of the melting down of the coin, and, for the same reason, of its exportation.

因此，凡是按故事而不是按重量收取货的地方，税是防止硬熔化最有效的方法，出同样的原因，也是防止其出口的最有效方法。

The directors of the bank, however, would probably be unwilling to agree to the imposition of a seignorage upon the authority of a speculation which promises them no gain, but only pretends to insure them from any loss.

然而，银行的董事们可能不愿意同意对投机当局征收税，这种投机承诺不会给他们带来收益，而只是假装为他们提供任何损失的保险。