As wired already, the Formosan Government announced on the 4th inst. the calling in of the one-yon silver currency now in circulation inthe island. The withdrawal of the currency in Formosa appears to be due to two reasons: first, the anomaly of.allowing the: one-yen silver coin to circulate in Formosa, which is a portion of the Japanese Empire—a gold standard country; and secondly, that there is a great neod for silver coins in the theatre of war, a need which can best be met by the withdrawal of the silver currency in the island. That the silver currency has up to the present been allowed to exist in Formosa was a mere expedient on the part of the authorities, who were anxious not to interfere with the native customs. On the other hand, the island authorities have to announce from time to time the standard ratio between gold and silver according to London quotations. This process is not only very troublesome, but is also productive of untoward evils, various kinds of speoulations having sprung up in this connection. The silver notes of the Bank of Formosa will be replaced by gold ones.
Text read from the printed page and cleaned; old type leaves the occasional error.