Show oriental finance korea reeks with corruption sala tho the bishop of north queensland re bently on his return from a visit to korea 1 I will give you an lustra ll scree some time ago a comm commercial iclal traveller who probably had something to gain by the proposal showed the tho kins king or emperor that the intrinsic 1 value alue of the nickel cent scent S 6 coin la in circulation cu lation vas only half its face value he ile suggested that the king might establish a mint and turn out these theia coins at a griat gri at personal profit the idea waa was at once ailt into execution and the market flooded with a d coin in naturally Natu rilly there was very soon a partial paralysis of trade the for eign merchants refused to take the new coin but the native trader had bad no remedy except in raising prices the kins king or emperor as he now tow calla calls himself had some ready nimey but all classes of his people buffered full ered immense losses the yen for instance fell to halt half its regular value eventually however after about twelve months operation the mint ceased to turn out these nickel coins |