Expenditures of the Russo-Japanese war / by Gotaro Ogawa.

EXPLANATORY TABLES
VALUE OF JAPANESE CURRENCIES
Japan adopted the gold standard system in 187I, but the inconvertible paper
money became principal currency a few years later. In 1886 the paper money
became convertible into silver and after that date the Japanese currency system
was the silver standard de facto, until on October i, 1 89 7, the gold standard system
was legally adopted. The figures necessary to ascertain the value of Japanese
currencies are given below:
(i) i gold yen (according to Coinage Law of 18 71) contains 1.5 gramme pure gold.
(2) i gold yen (according to Coinage Law of 1897) contains 0.75 gramme pure gold.
(3) i silver yen contains 24.26i gramme pure silver.
(4) The value of i silver yen in the English currency (according to the demand
rate of exchange on London in the average of the year) is as follows:
s. d. s. d. s. d.
1874......4.02.0 1882.....3.08.8 1890.....3.04.5
1875......4.00.8 1883.....3.07.9 1891.....2.02.6
1876......3.11.2 1884.....3.07.9 1892..... 2.I0.5
1877..... 3.II7 1885.....3.06.0 1893.....2.06.7
1878......3.09.4 i886.....3.03.2 1894.....2.OI.2
1879..... 3.08.0 1887.....3.02.0 1895.....2.0I.3
i88o..... 3.08.9 i888.....3.0I.0 1896.....2.02.0
i88i..... 3.08.4 1889..... 3.01.1 1897.....2.00.4
(5) The value of i yen of paper money in the English currency (calculated on the
basis of the above mentioned exchange rate and the quotations of the silver
price in the Tokyo Exchange in the average of the year) is as follows:
s. d. s. d. s. d.
1877......3.10.1 1880.....2.06.4 1883.....2.I0.7
1878..... 3.05.6 1881.....2.02.1 1884.....3.04.3
1879..... 3.00.3 1882.....2.04.5 1885.....3.03.7
(6) i ry5 (unit of value of the old currency system) was declared in the Coinage
Law of 1871I to be equal to i yen.
CHRONOLOGICAL TABLE
Meiji 1st 1868 A. D. Meiji I~th 1882 A. D.
Is 2d 1869 i6th 1883
Ad 3d i870 " 17th 1884
di 4th 1871 " i8th 1885
5 th 1872 " i9th i886
6th 1873 ""2oth 1887
7th i874 " 21st i888
8th 1875 "" 2d18
" 9th 1876 "" 23d 1890
ioth 1877 ""24th 1891
iith 1878 ""25th 1892
" 12th 1879 ""26th 1893
i3th i88o "s 27th 7894 I
14th i88i " " 28th 7895 i

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