Minutes of Evidence Taken Before the Royal Commission On Indian Finance And Currency
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To quickly assess the difficulty of the text, read a short excerpt:
9666. And your ultimate object, therefore, is to substitute gold coinage for the rupee coinage ? — Tes.
9667. Do you want to substitute gold for notes d,l80 ? — I should like to have gold notes — notes based on gold.
9668. For notes based on silver ? — Tes.
9669. The notes, of course, are token coinage as much as the silver ? — But the notes would be based on gold, not on silver.
9670. Then, if I rightly understand, your object, when you have got the gold into India, is not to have it in circul...ation, but rather to have it in reserve against a note issue ? — For both purposes, both for cii-culation as well as for note issue. If it is more for a note issue it win concentrate in the reserves of the Indian Government.
9671. If you have a token circulation, whether in silver or in notes, the convertibility of which or the exchange value of which is assured, do you attach any importance to having the actual gold in circulation ? — I would prefer gold in circulation.
9672. Do you think that gold is largely required in excess of the amounts now circulating in India for circulation ?
What to read after Minutes of Evidence Taken Before the Royal Commission On Indian Finance And Currency?
You can find similar books in the "Read Also" column, or choose other free books by Royal Commission On Indian Finance And Currency (Great Britian) to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
9666. And your ultimate object, therefore, is to substitute gold coinage for the rupee coinage ? — Tes.
9667. Do you want to substitute gold for notes d,l80 ? — I should like to have gold notes — notes based on gold.
9668. For notes based on silver ? — Tes.
9669. The notes, of course, are token coinage as much as the silver ? — But the notes would be based on gold, not on silver.
9670. Then, if I rightly understand, your object, when you have got the gold into India, is not to have it in circul...ation, but rather to have it in reserve against a note issue ? — For both purposes, both for cii-culation as well as for note issue. If it is more for a note issue it win concentrate in the reserves of the Indian Government.
9671. If you have a token circulation, whether in silver or in notes, the convertibility of which or the exchange value of which is assured, do you attach any importance to having the actual gold in circulation ? — I would prefer gold in circulation.
9672. Do you think that gold is largely required in excess of the amounts now circulating in India for circulation ?
What to read after Minutes of Evidence Taken Before the Royal Commission On Indian Finance And Currency?
You can find similar books in the "Read Also" column, or choose other free books by Royal Commission On Indian Finance And Currency (Great Britian) to read onlineMoreLess
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