Page:Indian Journal of Economics Volume 2.djvu/396

The inconveniences of ?his var? ? When the paper ? at a premium received silver dollars wished bank, and then draw .the smoma? of ?he cred? created in the 'more highly valued no?es. the money-ehauge?s for dollars and so 'back ?o the equivalent in the Bank .again the circle of an easy road to wealth. bank began and notes. to accept A visit Mexican eomt01e? to keep The shops payment of NaSurally separate accounts ?or do?s also pu? up notices refush? more than a few dollars silver, the legal t. end. er ot the .colony.. W?rk.msm demanded to be pa?d m no?es. & promise ?o 10ay ? dollar was worth more than the dollar Which it was promised to pay. Now during-the year March 19,1 rsf?e, which to March 1916 the .T.*T. is the ?qotes, or credits I?l 1916 Silver little ts?er, ?hsn in sterling o! Hongkong Bank in notes, was above silver .parity. it fell below silver .parity, as the mounted higher and higher, and s was ?he March .price o[ the disparity premium on fluctuating about 8 per een% .the note disappeared, -to give place December 8th 1916. ? regulation the discount the amoun as exports were with Fig. ? will continued exportation Upon the disappeared and the currency has been practically normal, exchanging at par, or as near bo it as '?ose-invetorste money-ehangers, the Chinese can bear to see it.- t The export of Brit?h Dollars.on,lit was prohlMted on M?y l?ih. Ms, iaaa dollsrs at o?tee oomrnknded a premmm over British dollars ?ud were e?44o?. In August 19t7 the export o. ? silver bullion wss also forbidden, no ofiioisl then kept. show '?his command s was 'forbidden on enforoemenl of .tliis since tthen each The Mexican dollar premium until its A comparison of Fig. 8 close correspondence. though we cannot show statistics of imports and to a discount. At the same time silver was exporte?i,