This section of the book is from the "Canadian Banking Practice" book, by John T. P. Knight.
Question 227.— Is there any recognized par value for francs and marks?
Answer.—The value of francs and marks is fixed by the Governor-General in Council, for customs purposes, at 19.3c. and 23.8c. respectively, but we doubt if this can be properly called a "par value." The value of a sovereign is fixed by section 2 of the Currency Act at $4.86 2-3, and of the American gold coin by section 7 at their full nominal value. The only way in which a value could be fixed for francs and marks which might be termed a par value would be a proclamation under the same section.