Local Station (Östermalm) o f the Stockholm Telephone Co.
Finally, on page 651, figures are given from which the reader may draw
a comparison between the development of the telephone system in Sweden
and some other countries. In proportion to the population, Stockholm has
more telephone apparatuses than any other city, viz. 228 per 1 000 inhabitants
(1913). At the end of 1914 the proportion is still more striking,
v iz .: 241 per 1 000 inhabitants.
XI.
BANKING, CREDIT, AND INSURANCE.
1. COINAGE.
Since 1873 Sweden has had a gold standard, and gold is thus the sole
measure of values. The monetary unit is 10 kronor in gold, and the
reckoning unit is 1 krona, which is divided into 100 ore. Out of 1 kilogram
of fine gold are coined 248 10-kronor coins, and a 10-kronor piece
thus contains 4-032258 grams of fine gold. The token coins are made of
silver and bronze.
The gold, coins are the 20, the 10 and the 5 kronor pieces. Gold coins
are , made of an alloy containing 900 °/oo of gold and 100 °/oo of copper. A
20-kronor piece should thus contain 8*064516 grams of gold, and weigh 8*9606
grams, and the other coins in the same ratio.
The token coins of silver are the .2 kronor piece, the 1 krona, and the 50,
25;Sjand 10 ore pieces. The alloy of which silver Coins are made varies in its
percentage of silver for the different coins. In the 2 kronor piece and the
1 krona it contains 800 °/oo of silver and 200 °/00 of copper, in the 50 and
25 ore pieces it contains 600 °/oo of silver and 400 °/oo of copper and in the
10 ore piece it contains 400 0 oo of silver and 600 °/oo of copper. Out of
600 grams of fine silver are coined 100 kronor in 2 kronor, 1 krona, and
50 ore pieces, and about 103 kronor in 25 and 10 ore pieces. The various
coins should thus weigh 15, 7*6, 5, 2-42 and 1 ’46 grams, and contain 12, 6, 3,
1*452 and 0*68 grams of fine silver, respectively.
The token coins of bronze are the 5, 2, and 1 ore pieces. The alloy of
which bronze coins are made contains 95 % of copper, 4 % of tin, and 1 % of
zinc. The coins should weigh 8, 4, and 2 grams respectively.
Coins are minted at the Royal Mint, Kungliga Myntet, at Stockholm. As it is,
of course, impossible to give the coins exactly the above weights and percentages,
th e : Coinage Act allows of certain remedies (remedier) or limits of deviation
above or -below the standard weights and percentages. The extent of these
deviations will be seen from the appended tabular conspectus of the Swedish
coinage.
Token coins are struck only for the account of 'the Public Treasury, the five
kronor pieces for both the Public Treasury and the Bank of Sweden (Rilcsbanken),