1. Dimensional Formula of Pressure: Pressure ($P$) = $\frac{\text{Force}}{\text{Area}} = \frac{[MLT^{-2}]}{[L^2]} = [ML^{-1}T^{-2}]$.
2. Unit Conversion Relationship: Let the value in the SI system be $n_1u_1$ and the value in the new system be $n_2u_2$.
$$n_1 [M_1L_1^{-1}T_1^{-2}] = n_2 [M_2L_2^{-1}T_2^{-2}]$$
We want to find the value of $1$ unit of pressure in the new system relative to the SI system ($\text{Nm}^{-2}$).
3. Substituting Given Units: In the new system: $M_2 = 1\text{ kg}$, $L_2 = 1\text{ m}$, $T_2 = 1\text{ minute} = 60\text{ s}$.
In the SI system: $M_1 = 1\text{ kg}$, $L_1 = 1\text{ m}$, $T_1 = 1\text{ s}$.
$$1 \text{ New Unit} = (1\text{ kg})(1\text{ m})^{-1}(60\text{ s})^{-2}$$
$$1 \text{ New Unit} = 1 \times 1 \times \frac{1}{60^2} \text{ kg m}^{-1} \text{s}^{-2}$$
$$1 \text{ New Unit} = \frac{1}{3600} \text{ Nm}^{-2}$$
Therefore, the unit of pressure in this system is $1/3600$ of the SI unit.