An immense new borrowing soon follows upon the new and great trade, and the rate of

The degree of damage to the Government’s reserves, therefore, would be much less if the gold were to supplant rupees than if it were to supplant notes. I would have them real trustees, and with a good trust deed. 206. │ ├──────────–┼──────────────────────–┼────────────┤ │ 1900 │ 785,729 │ £6,431,000 │ │ 1905 │ 1,058,813 │ 8,938,000 │ │ 1906 │ 1,115,758 │ 9,328,000 │ │ 1907 │ 1,190,220 │ 9,845,000 │ │ 1908 │ 1,262,763 │ 10,121,000 │ │ 1909 │ 1,318,632 │ 10,156,000 │ │ 1910 │ 1,378,916 │ 10,578,000 │ │ 1911 │ 1,430,451 │ 11,279,000 │ │ 1912(a) │ 1,500,834 │ 12,599,000 │ │ 1913(b) │ │ 13,860,000 │ └──────────–┴──────────────────────–┴────────────┘ (a) Limit of annual cash deposits raised from Rs. Many stock brokers transact such business upon a great scale.

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