The Archive · 1928

New Dollars for Canton

Fresh toque as Measure Stabilize the Currency The "Canton Gazette" says that in order further to stabilize the cur rency of Kuangtung province the Recoining Mint has been instructed to mint " new issue of silver dollars, In the equipment of the mint there fare four machines that can be used in the production of big silver dole lars, and at full capacity these maz chines can turn out $600,000 worth of coins daily. These machines ara now being overhauled in preparation for the work.

Steel dies for the new coin ha already been prepared. On the face will be the portrait of Dr, Sun Yate sen in relief, while the reverse will bear the two characters signifying 'One Dollar," Surrounding the two characters will be the likeness of a few ears of rice, to signify fruit. fal crops, while around the edge will be the characters meaning "The, Seventeenth Year of the Chincsa Republic.'

The composition of the new dollar will be 99 per cent, pure silk with the balance made up of various yether metals to give the coin the necessary toughness to withstanding handling. The weight of the new coin will by uch as to give it the same intrinsic value as other dollar coins in use in other paris of the country, so that this coin will be accepted throughout the land,

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

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