Administrative System of the Marathas c18.s25.30

c18.s25.30

"Balaji Bapuji is permitted to establish a mint at Kasba Nagothane and coin pice ten Masas in weight. If pice of the prescribed weight is coined it will be all right; but if the pice is made of a less weight, he will be fined." The permission was given for three years and for the license Balaji Bapu had to pay Rs. 50 for the first year (in four instalment of Rs. 12-8 each), Rs. 75 for the second year (four instalments), and Rs. 100 for the third year (four instalments).¹³ Mr. Ranade points out that the document quoted above furnishes the first notice of such licensed private mints in the Peshwas' Daftar, and both Shahu and the Raja of Kolhapur had their own mints.