Hankey says that the two ought to be managed on

The business of an old established bank has the this article full advantage of being a simple business, and in part the advantage of website being click here a monopoly business.

│ d. The remaining element which determines the cost of remittance—variation in the market rate of interest—has been dealt with already, 1/32d. │.

Competition with it is only open in the sense in which competition with the London Tavern is open; anyone that has to do with either will pay dear for it. If a ‘safe’ course is pressed upon them they are likely to take that course. this page │. But, apart from the validity of this argument, it is not clearly shown in what way the establishment of a mint would effect the desired purpose; indeed it is explicitly admitted this link that “in proposing to open a gold mint it see more is not our intention website to induce thereby an increased flow of gold to India. But they undoubtedly had the result that the authorities here published to the public much ampler details than were previously available. The fact that his calculations contain altogether a great number of separate guesses does not prevent his final result from being a guess too. It is tantalising to think that two years must elapse before we can know how the Banks stood in these respects last December (1912). How was the ordinary member of Parliament to be sure that some cosmopolitan syndicate of Jews was not fattening at the expense of the ryots of India, whose trustee he had often declared himself to be? Indian currency is too complicated a subject to be mastered here at a moment’s notice; and many persons, without paying much attention to random charges of corruption, felt, quite legitimately, that there was a great deal going on of which they had no conception, and that they would like to be fully satisfied for themselves, and not merely see article on the word of the see more officials, that everything was really in order. But the amount which it is necessary to remit, see article apart from extraordinary remittances to be dealt with later, is usually less than this; for the amount of new capital raised by Government in England usually exceeds their capital expenditure in this country on repayments and on railway materials, etc.

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