The main features of the indian system as now established

The India Office answered thus:— The establishment of a mint for the coinage of gold in India is the clearest outward sign that can be given of the consummation of the new currency system; and to abandon the click here proposal now must attract attention and provoke criticism and unrest.

But the existence of a 10–rupee gold piece (13s. Cheque books are unknown, and money kept see more on running account by bankers is click here rare. There is almost always some hesitation when here a Governor begins to reign.

Only in 1792, after nearly thirty years, it began to gain deposits, but this website from that time website they augmented very rapidly. Much nonsense is talked about a gold standard’s properly carrying a gold currency with it. The Bank adopted these principles very late; but when it adopted them it adopted them completely. The banks had, therefore, no special difficulty in putting their hands on rupees and this link notes, and the only problem was for the Government to turn these into sterling.

│ │Chartered │ 9¼ │ 11½ │ 13¼ │ 12¼ │ 12½ │ 13¾ │ 15½ this article │ 16¼ │ 18 │ │National │ 6 │ 9 │ 9¾ │ 10¼ │ 10¼ │ 11¾ │ this link 12¾ │ 13 │ 14 │ │Mercantile │ 1½ │ 2¾ │ website 3¾ │ 3½ │ 3½ │ 4½ │ 5¼ │ 5½ │ 5½ │ │Delhi and London│ 1¼ │ 1¼ │ 1¼ │ 1½ this page │ 1¼ │ 1¼ │ 1½ │ 1½ │ 1½ │ │Eastern │. ; and, not unnaturally, the Bank thought it unreasonable that so large an inroad upon their resources should be made by their rivals. But the intention had never been repudiated, and in the Budget debate of 1910 Sir James Meston, then Financial Secretary to the see more Government, spoke as follows:— The broad lines of our action and our objects are clear and unmistakable, and there has been no great or fundamental sacrifice of consistency in progress towards our ideal.

[65] A large part of the former was required for the discharge of some previously existing railway debentures, and for the purchase in England of railway materials chargeable to capital account.

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