The History of Japanese Paper Currency 1868 1890

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35.
42 The History of Japanese Paper Currency. [250 20 yen, 10 yen, 5 yen, 2 yen, I yen, 50 sen, 20 sen, 10 sen, and 5 sen. Of these, I yen, 50 sen, 20 sen, and 10 sen will be issued and circulated from February 15, 1872. As soon as issued, all the old government notes and clan notes will be taken in exchange for them. " " In 1872, when the Han (clan) was changed into the Prefecture, the government determined to exchange all clan notes and placed a second order for 50, 000, 000 yen. After- ward
...s, the original lithographic plate was transferred from Germany to Japan and the reserve notes were issued at the " Paper Currency Bureau " to the amount of 3, 537, 000 yen.
After these two original objects were accomplished, the government sought to exchange all government notes and certificates. The various purposes for which these so-called " New German paper notes " were issued, are summarized in the following table : Purpose of Issue. Amount.
Conversion of old notes 52, 897, 000 yen Conversion of clan notes 22, 618, 000 To defray colonial expenses 1, 100, 000 Conversion of Treasury certificates 6, 784, 000 Conversion of Colonial certificates 2, 463, 000 To cover deficit 8, 525, 000 To cover expenses of suppressing Rebellion of 1877 27, 000, 000 121, 387, 000 yen The first purpose of issue, conversion of old government notes, was to exchange Treasury and Colonial Department certificates for the new paper money.


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