4th March, a sketch sot the Philippine Currency Bill, from the r} Asiatic The Bill pr vides, said, that the pes tly the same be the unit is to be no gold i where eons of the val tender, twa pesos for one gold Tu the same way it is proposed that if Hongkong' adopts. the he British sovereign Ibe the gold ble that ps here which have much business with fordy the 'i its full value The soot fill legs tender comet from pallion vernment, and of averinment mirist coin twenty pillions, and ow seventy ive millions, and it provides for the sure is Dist in the Philippines: what the limping standard '—a applied to countries which have the nominal; mount of sil In really gold prion the coinage is really on money, The dang: coins which are ta at much above their bullion value full legal tender is recognised in the Bill, which authorises the Government of the. Philippines to adopt such mei i iS 1 proper to maintain parity between gold and silver coin: to borrow ten million dollars gol for t the detail parity can be nuaintained if ernment of the Philippines exercises all the powers conferred upon it. Tt must coin twenty lion, and it million. pv: to 1, while the ma ratio of silver to gold ix 43 to The ety under the limping stan in keeping the amount of the overvalued money (the silver pesos) no greater than the retail trade of the country can absorb,
Text read from the printed page and cleaned; old type leaves the occasional error.