CORRESPONDENCE

Southland Times, Issue 13189, 10 April 1895, Page 3

CORRESPONDENCE

[We do not hold ourselves responsible for opinions expressed by our correspondents.] Short awd to the Point. TO THE EDITOR. Sir, —Why does not Mr Thomas Buxton read first and write after ? I said at Melbourne, apropos of Indian wheat, that the Indian exporter of wheat now gets as many rupees for one sovereign as formerly for two and yet the rupee in India was worth as much as ever. This your correspondent tells you in his letter published March 27th, is “ a contradiction in terms and yet this is the very crux of the silver question. Our Consul-General Jamieson in China, as also Mr Wetmore of Shanghai, have published tables of China prices, showing a fall of nine per cent, all round in the silver prices in the past 15 years. The Royal Currency Commission made the same statement as to rupee prices in India. The idea of anyone venturing upon such slippery ice as the currency question, wholly ignorant of this central and ascertained fact speaks volumes for human assurance. In to-day’s Melbourne Age in the commercial columns you will see a statement from our Japanese consular report that while the Japanese silver yen has fallen one half in gold value it has appreciated qua commodities.—l am, &c., Moreton Frewen. Melbourne, April 2.