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Argentine Republic (Money of account is now)

The money of account is now the peso nacionale divided into 100 centavos, the English sovereign being valued at 5 pesos and 4 centavos, thus making the peso nacionale equal to about 3s. 111/2 d. sterling, or five French francs. The peso nacionale is superseding the peso fuerte, which is about 3/4 per cent. higher in value than the former. For a long time the currency has consisted almost wholly of a government paper money, so greatly depreciated that the equivalent of the peso nacionale is now 24.193 pesos paper, thus making the paper dollar worth only about 2d. sterling. Measures and weights same as Spain.

AUSTRALIA.

Accounts are kept in sterling, and the weights and measures are also British. The circulation includes notes issued by the banks, and sovereigns coined at Sydney, where a branch of the Royal Mint was established after the discovery of Australian gold in 1851.

At Melbourne commercial bills are drawn on London at 60 days' sight; the usual rate being about 99% to 100% per £100.

In New South Wales, Victoria, etc., the legal rate of interest is 8 per cent. AUSTRIA-HUNGARY.

The money of account is the new florin of 100 kreuzers = IS. 111/4 d., the par being 10 florins 36 kreuzers per £1. or 100 old Convention florins = 105 new florins. Chief coins. In gold, pieces of 8 and 4 florins. In silver, the florín, double florin, and quarter florin. In copper, 4 and 1 kreuzer pieces. The National Bank note issues have depreciated the currency, and nearly superseded coin in ordinary business. In the old Wiener-Währung paper, 250 florins W. W. 100 florin convention.

Bills upon Vienna usually drawn payable in effective, Usance, 14 days, with three days' grace.