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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

