In thinking that any substantial remedy is to be obtained by loans from this source, they

per rupee.

Some evidence bearing on these points was laid before the Fowler Committee of 1898, but such facts are now fifteen years old. Lahore ” the Punjab and North–West Frontier Province.

The mode in which the Bank of England meets this great responsibility is very curious. I do not think, however, that the authorities are in fact open to any serious blame up to the present time. But the State does not trust such a function to a board of merchants, named by shareholders. . — │ │ │ │ │ │ │ │ June │ 34,19 │ 15,10 │ 36,58 │ 20,37 │ 38,44 │ 19,78 │ │ July │ 34,31 │ 17,22 │ 36,56 │ 22,60 │ 39,15 │ 21,14 │ │ August │ 35,49 │ 16,25 │ 36,86 │ 21,20 │ 40,99 │ 18,70 │ │ │ │ │ │ │ │ │ │Max. 4d.

The Government is necessarily at times possessed of large sums in cash. It is necessary for the Banks to hold a considerable proportion of these in cash at the branches in question, and this arrangement makes the cash held against the private deposits appear in a somewhat more favourable light than it should.

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