Without limit of quantity, and since that time he has usually been willing to do so

“In the Punjab it is reported (in 1911–12) that large payments for agricultural produce are never made in notes, and that gold is replacing notes to some extent even in ordinary payments among merchants and traders.

Whoever holds them can always pay his debts, and, except for foreign payments, he could want no more. On this account I wish to say as little as is fairly possible of the Act of 1844, and, as far as I can, to isolate and dwell exclusively on the ‘Post-Peel’ agencies, so that those who have had enough of that well-worn theme (and they are very many) may not be wearied, and that the new and neglected parts of the subject may be seen as they really are. 12.

And it would certainly upon principle seem wiser to choose a committee which for some purposes approximates to a committee of management by competence rather than by seniority. Sir E. To fully explain the matter I must go deep into the theory of the exchanges, but the general notion is plain enough. 11. The effects of heavy coinage are cumulative.

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