Page:Indian Journal of Economics Volume 2.djvu/396

 The inconveniences of his var  When the paper  at a premium received silver dollars wished bank, and then draw .the smoma of he cred created in the 'more highly valued noes. the money-ehauges for dollars and so 'back o the equivalent in the Bank .again the circle of an easy road to wealth. bank began and notes. to accept A visit Mexican eomt01e to keep The shops payment of NaSurally separate accounts or dos also pu up notices refush more than a few dollars silver, the legal t. end. er ot the .colony.. Wrk.msm demanded to be pad m noes. & promise o 10ay  dollar was worth more than the dollar Which it was promised to pay. Now during-the year March 19,1 rsfe, which to March 1916 the .T.*T. is the qotes, or credits Il 1916 Silver little tser, hsn in sterling o! Hongkong Bank in notes, was above silver .parity. it fell below silver .parity, as the mounted higher and higher, and s was he March .price o[ the disparity premium on fluctuating about 8 per een% .the note disappeared, -to give place December 8th 1916.  regulation the discount the amoun as exports were with Fig.  will continued exportation Upon the disappeared and the currency has been practically normal, exchanging at par, or as near bo it as 'ose-invetorste money-ehangers, the Chinese can bear to see it.- t The export of Brith Dollars.on,lit was prohlMted on My lih. Ms, iaaa dollsrs at otee oomrnknded a premmm over British dollars ud were e44o. In August 19t7 the export o.  silver bullion wss also forbidden, no ofiioisl then kept. show 'his command s was 'forbidden on enforoemenl of .tliis since tthen each The Mexican dollar premium until its A comparison of Fig. 8 close correspondence. though we cannot show statistics of imports and to a discount. At the same time silver was exportei,