Remarks upon Certain Currency Notes, Coins 
and Tokens Emanating from Malaya 
During and After the War. 
By Sire Joww A. 8. BUCKNILL, M.A. 
The rise in the value of Silver (and, incidentally, of many other 
metals) was a very noticeable feature during the War. 
There were, no doubt, numerous reasons for its appreciation 
but it would be outside the scope of this paper to attempt to discuss 
them in any detail. 
Tt is sutticien: to point out here that there were continuous and 
serious political disturbances in Mexico which checked greatly 
the output of silver from that highly argentiferous region: that 
as is generally the case in the East when any universal feeling 
of apprehension or trouble is felt, there was much hoarding of 
coins and a corresponding withdrawal from circulation of a very 
large quantity of metallic currency: and that huge issues of notes 
by many of the belligerent States tended to enhance the intrinsic 
worth of almost every form of coinage. 
For about a year after the commencement of hostilities silver 
remained steady but in December, 1915 a progressive upward move- 
ment commenced which reached its culminating point about the end 
of 1919: since that date there has been a sharp and continued de- 
cline. 
The sub-joined table shows roughly what took place :— 
Date. Value per ounce in VDate.. Value per ounce im 
London. London. 
So 0. S. Ware: 
31. 3.14 2 22 SOPHO. 7 3. 384 
30. 6.14 2. ale BOs Qo 4 04 
30, 9.14 A BN tee Bed Lg 5 eG 
31.12.14 I. - aloe dl. 3.18 oe tos 
Pile 23 lic 1 94 30. 6.18 4 O04 
30. 6.15 1 SOs B0n O18 4 1 
30. 9.15 Mi 31.12.18 a gee 
31.12.15 2 9 eae) Aloe 
31. 3.16 2 Ate 3070.19 4 53 
30. 6.16 2 ts B0ee oad) 5 24 
30. 9.16 2 82 31.12.19 6 44 
31.12.16 3 Veins 30. 3.20 Seidl 
Biel a BG a1. 0720 Ase tale 
Jour. Straits Branch 
