But when towards the end of their busy season the Egyptian banks find themselves with more gold than they need, Council Bills must be sold at a relatively low rate if the flow of this gold to India is to be prevented.
│1905. But when they are sold in larger quantities, to obviate the necessity of sovereigns being sent, sufficient rupees are not forthcoming from this source. No doubt there are some enormously wealthy men in England whose means everybody has heard of, and has no doubt of. They always know the questionable standing of dangerous persons; they are quick to note the smallest signs of corrupt transactions; and no sophistry will persuade the best of them out of their good instincts. Law, the Financial Member of the Viceroy’s Council, suggested £20,000,000. The Bank of France uses the first two, and her holdings of foreign bills are not, at normal times, important. │ 128 │ 127 │ 169 │ │ 1896 │. Mr. If the banks are bad, they will certainly continue bad and will probably become worse if the Government sustains and encourages them.