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INDEX
                  NAVY,  strength  of  the  army  in   OCCUPATIONS,  sta~stics of (cen-
                    relation to, ii.  248.     sus), difficulties of,  ~ 288.
                  NEW  countries,  protection  for   OFFICIAL and real values in trade
                    manufactures in, ii.  145.   s\'ltisti~s  ~ certain  foreign
                  -- markets for  trade and  new   c\luntnes, 1.  294.   •
                    populations, ii. 345.    OVER-PRODUCTiON  of raw  mate-
                  NEWMARCH,  Mr.,  obituary notice   rials  and  food,  a cause  of the
                    of, importance of his work, ii. I.   crises of 1873-76, i.  J07.
                  Note  on  the  Gresham  Law,  ii.   OVERSTONE,  Lord,  obituary  no-
                    162-165.                   tices  of late  Dr.  Farr  and  of,
                     Misunderstanding  as  to  the  Gres-  i·3 82 .
                       ham Law, which applied only to
                       worn coins driving out  of circu-  PAPER  money, inconvertible, and
                       lation  good  ones  of  the  same
                       metal,  which  takes  place  when   Gresham's law as to worn coin-
                       there  is  a  demand  for  export,   age, ii.  163.
                       162.                  PARIS, losses of, from the Franco-
                     ,When  circulation  is  not  in  excess   German  War  of  1870-71  and
                       of demand  good  and  bad  coins   the Commune, i.  6.
                       circulate freelyin a given countlY.
                       162.                  PARLIAMENT, over-representation
                     Gresham's law not  applicable to a   of  Ireland  and  its  decreasing
                       bimetallic system, or in the case   population, ii.  16.
                       of inconvertible paper,  J63.   -- over-representation  of  Ire-
                     When the underrated metal is driven
                       out  of  circulation  as  standard   land,  necessity  for  its  reform,
                       1Itoney  it  is  not  necessarily  ex-  i.  451.
                       ported,  163.         -- over-representation  of  Ire-
                     1.  The  underrated  metal  may  be   land  and  its  over-taxation,  i.
                       hoarded, and this  is  largely  the
                       case in aU cases  of inconvertible   277·
                       paper,  163.          PEACE  and  war  footing  of  the
                     2.  The  underrated  metal  may  be   British army, ii.  251.
                       used  in  actual  circulation  at  a   PEEL,  Sir  Robert,  his  efforts  in
                       market  ratio  differenl  from  the
                      legal ratio,  164.       abolishing  export  and  import
                     3.  Coins  of  the  underrated  metal   duties, i.  236.
                       may circulate as token money, as   POLITICAL danger from separation
                       was the case with  silver  in Eng-  or Home Rule dependent upon
                       land in the last century, 164.
                     Coins  of an  underrated metal in a   our  command  of  the  sea,  i.
                       bimetallic system, and of different   449·
                                                                     .
                       metals in an inconvertible paper   POPULATION  of  British  Empire,
                       country, may  thus  remain  in  a   growth  of white  and  subject
                       country when no longer standard   ..
                      'money,  164.            races,  11.  225.
                     The  export  of  underrated  metal   -- of England since 1800 and
                      money is due  to a surplus which   its increase, ii.  352.
                      may arise in different ways,  1650   -- of Europe, changes in, ii. 9-
                                             -- of Europe,  increase  of,,in
                  OBITUARY notices of the late Dr.   last century, ii.  338.
                    Farr  and  of  Lord  Overstone,   -  of Indit.. and  its  excessive'
                    i. 382.                    growth  under  British  rule,  H-
                  OCCUPATIONS  of  th~. people  of   18.
                    England, ii.I39'         -- of Ireland, decrease of, and
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