Considerable interest has been aroused by the Philippines Bill which grants to the Islands a subsidiary currency and a mint for Manila. The Manila "Times" comments as follows on the subject It seems that this prospective addition to our coinage will not have any important effect upon present conditions, bolag intended only to meet the shortage which exists among smaller coins as a medium of exchange, and to supply enough of such to meet all demands and relieve the present stringency. That such a stringency exists! is evident from the fact that occasionally the bank have to use stamps, while those; denominating the coins of her colonies, but we must. use the Spanish. It is to be hoped that the new currency will help to remedy the evils of the existing system, but it is really difficult to_ understand how this result isto be gained. In fact, it is rather to be feared that the introducti of another species of bastard currency wi still further complicate matters. The outcome of the matter will be watched with interest.
Text read from the printed page and cleaned; old type leaves the occasional error.