145
will be resurred, and that at
long
any
rake, 20
as the price of silver remains low and
the dollars can be put into home circulation
at a
bullion
Mo
profit to the depositor of large issues
present therefore, the amount
can be reckoned upon. For the
of
American
commercial
purposes
be taken to be as estimated in
may
Trade dollars available for
the Mind Report last referred to, about l
$30,000,000.
The amount
of Japanese dollars of both
-kinds in circulation is far more limited, the
total number of yens and original hade dollars issued from the opening of the Coaka Mint in August 1871 until the 30th of June 1878 having only been 4,766,378 and
3,023,927
3,023, 927 respectively, or 7,790, 305 altogether. 3.0213,927
The average issue of dollars from Japan! therefore, has been but little over 1,100,000 &
Nor is this to be wondered at, if it is year.
considered that Japan can hardly be said to
-be a silver producing country. In the Official
Hand book to the Japanese section of the paris
Od
Exhibition of 1878 the total production of silver from Japanese Mines is given
390,000 a
year, or about £79,000 only and, although
there is reason to believe that this figure refers
to the year 1875, it may safely be assumed
that the present production does not exceed
500,000 yen, or about £.100,000 a year.
It would appear that the you.
to be issued with a view to foreign hade, may legally circulate in Japan, though the
now again
tenne