In addition to its capital and the reserves accumulated from profits, an Exchange Bank obtains its funds by receiving deposits either for fixed periods or on current account. In themselves these principles are self-evident.
These were cashed in London from the proceeds of selling securities from the Gold Standard Reserve. The actual figures are as follows:— ESTIMATE OF THE RUPEE CURRENCY IN CRORES (10,000,000) OF RUPEES ┌——────——┬—————─────–┬———──────———┬———──────———┬————───────———┐ │ │ Harrison. . A powerful body of opinion, led by the United States, favours the immediate introduction of a gold standard on the Indian model. Such differences as there are chiefly reflect the differences in date at which occur the various crop movements with which each Presidency is mainly concerned.
There it was a question of how many rupees they would be able to withdraw from circulation.