The smallest French coin, the one hundredth part of a franc, and equivalent to about one-fifth of a cent in United States money.

1 In December, 1906, owing to the rise in the market price of silver, the silver coins of the Philippines were changed. This was necessitated by the fact that the pure metal in the previous standard was worth more in the market than the face value of the coins, making it an object to melt up the coins and sell the silver as bullion. As a result the subsidiary coinage was changed, thus:

50 Centavos of the weight of 154 32 grains

20

"

"

"

"

"

61.728

"

10

"

"

"

"

"

30.864

"

All the above to be by weight 750 parts pure metal and 250 parts copper alloy.

For the foregoing. I am indebted to Frank Mcintyre, Captain 19th U. S. Infantry. Assistant to Chief of Bureau of Insular Affairs, Washington, D. C