The Archive · 1923

One Mint Only

With regard to the resolution on Copper Currency, the Chamber timmly believes that the fundamental solution lies in the suspension of the minting of such coins, and the enforcement of the currency law as promulgated in the Third Year of the Republic This law contains a provision that all coins should be Minted on the decimal basis so that 100 copper coins will be equal to a dollar. In order that such copper coins will circulate in the market to the exclusion of all others, it will be necessary for tha Government, by a gradual process, te put an end to the circulation of the present copper coins which do not circulate on the decimal basis.

Instead of having mints in the various provinces for minting coins at the discretion of the provincial authorities, the power of establishing mints should in future be vested solely in the Central Government. This aspect of the problem is an im. portant one as it will have a healthy influence on the unification of the country from an administrative standpoint. It is a foregone conclusion that the closing of the provincial mints will meet with opposi_ tion since these mints were in operation even in pre-republican times. But the work should be done in an indirect way.

Text read from the printed page and cleaned; old type leaves the occasional error.

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