It is modelled after the Argentine Conversion office, and is authorized to issue notes to bearer against deposits of gold at the rate of 15 pence per milreis although exchange was above 17d.
Gold is the nominal standard of value, the monetary unit being the gold milreis worth 2s.
The coffee producers of Sao Paulo and other states found that the appreciation in value of the milreis was reducing their profits, and they advocated this measure (at first with a valuation of 12d.
The purpose of this condition was in order to improve the value of the paper milreis in order to increase the specie value of the revenues.
The government even withdrew more of its currency issues than required by the agreement, and the value of the milreis steadily improved.
It may make a great difference to the Brazilian planter or exporter whether an increased gold value of his coffee arises through a higher milreis bid or an appreciated exchange, simply on account of local currency considerations.
That is to say, the purchasing power of a milreis in Brazil will not necessarily vary exactly as the rate of exchange on London.
A premium of as much as five milreis a bag has been paid by speculators in order to obtain immediate transport.
The money value is not so simple, since Brazilian paper currency is unstable; and the milreis quotation means nothing unless it is considered in connection with the rate of exchange for the same day, i.
If one happened to pay with a five- or a ten-milreis note (6s.
The same evening we hired mules, for which we paid five milreis (10s.
For each of these wretched conveyances I was obliged to pay one milreis (2s.
The price for hiring a mule was twelve milreis (1 pounds 6s.
There were eight hundred of them on the plantation we were viewing--a large property, since each male slave costs from six to seven hundred milreis (60 to 70 pounds).
This portion of the journey is generally performed upon mules, the charge for which is four milreis (8s.
We here made a repast of eggs with a bottle of wine, and gave our mules a feed of mil, for which a cheating landlord, Herr Gebhart, charged us three milreis (6s.
His establishment receives sixty boys, and was quite full, although the annual charge for each boy is one thousand milreis (108 pounds 6s.
It is very seldom that people will hire a carriage, for it is an absurd custom here, to pay as much for a short drive, as if the carriage were required for the whole day; in both cases the charge is six milreis (13s.
Sugar was bought at the rate of one to two milreis a kilo--in a country where sugar-cane grows luxuriantly.
Five milreis (one dollar and fifty cents) was cheap for a chicken, and eggs at five hundred reis (fifteen cents) apiece were a rarity.
The ambition of every small trader, after he has put a few hundreds of milreis together, is to become a fazendeiro (planter) and make rum, for which there is ever a ready sale.
Bread is charged 10 milreis the quintal, whilst the English sloop-of-war Jaseur is purchasing it at 5 milreis, for bills on England.
After a lengthy scrutiny the officials returned it, saying the papers were quite in order but forty milreis must be paid to vise them.
I'll make it gold to the value of eighty milreis if you put me inside the bar to-night," said Captain Restronguet.
With but one milreis left I was getting discouraged.
The five milreis in silver I put in a small bag hanging round my neck.
In a few days I received five milreis and a long skin of cashass.
Ninety fathoms of this rope was made for us by the natives, for the sum of ten milreis ($5.
With the collapse of the monarchy in Brazil the value of the milreis fell from 27d.
Lisbon stands also at a discount, as themilreis should be worth 53-1/4 pence.
The above list will hopefully give you a few useful examples demonstrating the appropriate usage of "milreis" in a variety of sentences. We hope that you will now be able to make sentences using this word. Other words: cent; dollar; franc; pie; pound; ruble; shilling; sou
