Modern Currency Reforms: A History and Discussion of Recent Currency Reforms in India, Porto Rico, Philippine Islands, Straits Settlements and Mexico |
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Modern Currency Reforms: A History and Discussion of Recent Currency Reforms ... Edwin Walter Kemmerer No preview available - 2015 |
Common terms and phrases
American amount Atkinson index August average bullion value cent centavos circulation Commission contracts council bills currency reform currency system decline demand deposit depreciation drafts exchange rates exchange value export favor Finance fiscal fluctuations Fowler Committee gold coin gold price gold reserve gold standard countries Gold Standard Fund Gold Standard Reserve gold value gold-exchange standard Government's Hongkong Ibid important increase index numbers Indian Currency Indian Government infra Insular issued January July June legal tender local currency London Manila ment merchants Mexican dollars Mexican peso Mexico millions monetary months official rate old currency Paper Currency Reserve payment period Philippine currency Philippine pesos Porto Rico price of silver profits purchasing power received recoinage rency Report Reserve in India rupee Secretary seigniorage silver coins silver standard Singapore sovereign Spanish Straits dollar Straits Settlements Supra telegraphic transfers tion treasury United States currency wages York
Popular passages
Page 91 - We are in favour of making the British sovereign a legal tender and a current coin in India. We also consider that, at the same time, the Indian mints should be thrown open to the unrestricted coinage of gold on terms and conditions such as govern the three Australian branches of the Royal Mint.
Page 106 - ... freely available for foreign remittances whenever the exchange falls below specie point ; and the Government of India should make its gold available for this purpose, when necessary, under such conditions as the circumstances of the time may render desirable.
Page 379 - Bindings), and Malacca, were transferred from the control of the Indian Government to that of the Secretary of State for the Colonies on...
Page 380 - the dollar issued from Her Majesty's mint at Hongkong, the silver dollar of Spain, Mexico, Peru, and Bolivia, and any other silver dollar to be specified from time to time by the governor in council, shall be the only legal tender," with the exception of certain «An excellent brief historien!
Page 553 - Practical Problems in Banking and Currency Being a number of selected addresses delivered in recent years by prominent bankers, financiers, and economists. Edited by WALTER HENRY HULL. With an Introduction by the Hon.
Page 79 - A currency is in its most perfect state when it consists wholly of paper money, but of paper money of an equal value with the gold which it professes to represent. The use of paper instead of gold substitutes the cheapest in place of the most expensive medium, and enables the country, without loss to any individual, to exchange all the gold which it before used for this purpose for raw materials, utensils, and food; by the use of which...
Page 13 - An interval of time, of which the length cannot be determined beforehand, should, we think, elapse between the mints being closed and any attempt being made, to coin gold in India. The power to admit sovereigns as legal tender might be of use as a measure ad interim, but it need not be put into force except in case of necessity.
Page 198 - ... months after the date when this act shall take effect no coins shall be a legal tender, in payment of debts thereafter contracted, for any amount in Porto Rico, except those of the United States; and whatever sum may be required to carry out the provisions hereof, and to pay all expenses that may be incurred in connection therewith, is hereby appropriated, and the Secretary of the Treasury is hereby authorized to establish such regulations and employ such agencies as may be necessary to accomplish...
Page 17 - Rs. 1,595,100, and exchange rises one penny, we shall have a surplus; if it falls a penny, we shall have a deficit of more than three crores; if we impose taxation to the extent of one and a half crores of rupees, a turn of the wheel may require us to impose further taxation of not less magnitude...
Page 345 - ... penal institutions and other public buildings and improvements in the Philippine Islands, the Treasurer of the Philippine Islands, with the approval of the Governor-General, is authorized, from time to time, to make loans to any province or provinces from any sinking funds now established or to be established for the payment of any bonds lawfully issued by the Government of the Philippine Islands; and for the same purpose, the Postal Savings Bank Investment Board, created...