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.